As legal cannabis transforms North America, a number of major industries are beginning to develop their own strategies for new potential products and services.
In the medical cannabis space, major pharmaceutical companies are collecting a growing body of evidence that suggests cannabis has a number of medical benefits. As big pharma begins to enter the cannabis industry, there is significant potential for top pharmaceutical companies to work together with stakeholders within the industry to develop cannabis-based medicines and treatments.
Research collected by CB2 Insights (CSE:CBII,OTCQB:CBIIF) indicates that cannabidiol (CBD) could be useful in treating a number of medical conditions, including epilepsy, multiple sclerosis, schizophrenia, migraines and arthritis. There are currently almost 400 active medical trials involving CBD around the world, with a number of major American companies like Pfizer (NYSE:PFE) and GW Pharmaceuticals (NASDAQ:GWPH) getting involved.
According to CB2 Insights, legal cannabis in the United States could save approximately US$1.1 billion on Medicaid prescriptions each year. The company believes the availability of clinical evidence could provide the missing link between patients, physicians and potential treatments. As major pharmaceutical companies begin to enter the cannabis space, they bring with them the medical data necessary to make informed healthcare decisions moving forward.
Click the image below to view the full Visual Capitalist infographic, sponsored by CB2 Insights (CSE:CBII,OTCQB:CBIIF), to learn more about the role pharmaceutical companies are taking in the legal cannabis space.
This infographic was created according to INN editorial standards to educate investors.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
American cannabis sales hit US$17.5 billion in 2020, a research group’s new study shows.
Meanwhile, a Canadian cannabis producer began offering CBD beverages in the US, another move that shows how interested Canadians are in the overall US cannabis market at the moment.
Some pretty important news out of health and wellness; beverage and natural products company BevCanna Enterprises Inc. (CSE:BEV, Q:BVNNF, FSE:7BC) this week. For those of you following the Company with us, stay tuned.
As investors continue to prioritize cannabis opportunities in the US, market watchers expect mergers and acquisitions (M&A) to play a role in the future for Canadian companies.
A consolidation trend has been expected in the Canadian cannabis space for some time now based on the size of the market compared to the number of operations in the country.
BioHarvest Sciences Inc. Unveils the Unique Polyphenolic Content of Its Upcoming Olive-Based Nutraceutical
The product will include polyphenols known to have significant health benefits.
BioHarvest Sciences Inc. (CSE: BHSC) (“BioHarvest” or the “Company”) has reached an important milestone in its development program of additional Nutraceuticals. The olive-based Nutraceutical product scheduled for market availability in the second half of 2022 will contain the following unique matrix of polyphenols: hydroxytyrosol, trosol, and verbascoside. These compounds are the major polyphenols in naturally grown olives and are responsible for the high antioxidant activity of olives and olive oil. Importantly, the BioHarvest olive-based Nutraceutical product will provide all the benefits of olives and olive oil with a low calorie count per serving.
Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today that it will report financial results for the fourth quarter and full year ended December 31 st , 2020 on Thursday March 25 th , 2021 before the market opens.
The Company will host a conference call and webcast to discuss its financial results and provide investors with key business highlights on Thursday March 25 th , 2021 at 8:30am Eastern Time (7:30am Central Time).