Friday, December 2

Month: October 2022

What Pharma Effects Does Cannabis Have?
Cannabis

What Pharma Effects Does Cannabis Have?

Many pharmaceutical companies are concerned about how the legalization of cannabis will affect their business, and some have already begun targeted lobbying to prevent its legalization. Many of these firms have been in the business for decades and have seen the potential threats that legal cannabis poses to their business. This article will discuss how legalization could affect publicly traded pharmaceutical companies. Big Pharma's Interest in the Cannabis Industry The legalization of marijuana is a threat to Big Pharma and the pharmaceutical industry, and they are prepared to fight it. After all, the global pharmaceutical industry is expected to reach $1.5 trillion by 2023. Those sales will dwarf those of cannabis in retail sales in the U.S., which is projected to reach $52.6 bi...