Medical marijuana legalization has a huge effect on the pharmaceutical industry, “Big Pharma”, because marijuana can and has replaced a number of pharmaceutical drugs.
Tag Archives: Big Pharma
People growing their own marijuana is a significant concern to Big Pharma. As state legalization of cannabis-derivatives spreads, the drug companies contemplating the potential of medical marijuana see a threat from both homegrown and professionally harvested medical-grade marijuana.
At the California Cannabis Business Expo on March 8, 2017, entrepreneurs and investors interested in the science and technology of medical cannabis were given a crash course in the future of cannabis, and cannabidiol, as an alternative to pharmaceuticals by Hemp Business Journal founder Sean Murphy.
Those who dare, win — or so the saying goes. Or, in other words, taking big risks can yield big rewards. That’s what makes the world of venture capital so exciting, or, for the rest of us, a trip to the roulette table.
On June 16, 2016, the Brookings Institute published “Worry about bad marijuana—not Big Marijuana,” a paper by John Hudak and Jonathan Rauch that argues against the mindset of “Big Marijuana” alarmists.