Cannabis is the fastest growing industry in the United States and the market presently stands at US$10 billion per year. It is anticipated that at maturity, the global market for cannabis will exceed US$500 billion.
Sales of cannabis products increased by over 700% in the last 12 months in the United States. This can be traced back to a scientific breakthrough in the end of the 20th century, when the Endocannabinoid System (ECS) was discovered in human beings. The ECS is considered one of the most important human functions and its main role is to maintain homeostasis (balanced health) therefore, cannabis is now viewed as one of the most important and versatile medicines of all time. A whole now world is rapidly emerging on the multiple benefits of cannabis, on health, on social structures and on government regulations. The number of conditions treated using medical marijuana is growing rapidly.
The Victorian law reform report estimates that 750,000 Australians use cannabis every week, and that 35% of Australians over the age of 14 have used it within their life time. It is difficult to accurately estimate the total user base of medicinal cannabis within this estimate, but the Medicinal Cannabis Users Association of Australia (MCUA), an online advocacy and educational group, recently claimed that their membership was increasing by 150 people a week. SourceIncreasing discussion of the therapeutic properties of medicinal cannabis has created a surge of interest in Australia for its use as an alternative to conventional treatments for a range of health conditions. On top of this, recent surveys have shown that cannabis use by Australians over 50 has increased dramatically, even exceeding the use of cannabis by young Australians, and this could be due to the fact that older people tend to suffer more from conditions such as cancer and chronic pain.
More and more Australians are now seeking both knowledge and access to medicinal cannabis, driven by ineffectiveness of or adverse effects from conventional treatments, financial difficulties relating to existing pharmaceutical treatments and diminished quality of life for patients.
The table below summarises the conditions which cannabis medication (THC and CBD) are known to be able to treat. This list is neither exhaustive nor definitive. It is here only to provide a snapshot of the current state of cannabis research.
With headlines such as the FORBES Magazine publication of MAY 8, 2017 claiming; “Daily Dose of Cannabis May Protect and Heal the Brain from Effects of Aging”
One can easily see the enormous potential contained within medical cannabis.
The Forbes magazine article goes on to say:
Researchers at the University of Bonn and Hebrew University have discovered that low, regular doses of tetrahydrocannabinol (THC), one of the main active ingredients or cannabinoids found in marijuana, may help to keep our brains from 'slowing down' as we get older.