One of the most promising cannabis markets of the future can be found in the healthcare industry as pharmaceutical companies jump on the opportunity to develop CBD-based drugs.
The medical cannabis industry has had some remarkable achievements over the past several months, with new products, innovations and regulatory rulings opening up the market for cannabinoid-based pharmaceuticals. Biotech companies are recognizing this opportunity as they look to capture the growing cannabis pharmaceuticals market.
While the recreational cannabis market has captured most of the media’s attention since Canadian legalization, there are other uses of the plant that are just as lucrative for companies. Medical cannabis is the other half of the industry that, although just as profitable, doesn’t get as much coverage as the recreational side. Over the years, we’ve seen this sector grow from doctors prescribing marijuana to patients for pain symptoms all the way to sophisticated biotech and pharmaceutical companies