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Medical Cannabis | 10 Things You May Not Know | CBDX

Cannabis has been cultivated as a medicinal herb for more than 5,000 years. The earliest signs of its use as an herbal remedy appeared sometime around 2,500 BC[i]. The plant has also been used as a vehicle for spiritual enlightenment and for recreation. But only recently has it come out of the shadows and into the mainstream as a potentially powerful tool in modern medicine.

Here are 10 things you may not know about the medical cannabis industry:  

1.     Cannabis has been used as a medicine for nearly 5,000 years. The earliest evidence coming from pollen found in a Neolithic ‘Beaker Culture’ grave in the Netherlands[ii] and other evidence found for use in ancient societies in Egypt, Greece, China, Scythia and the Indus valley culture.  

2.    The UK produces close to 100 tonnes of medical grade cannabis and hemp a year, making it the largest supplier in the world[iii]  

3.    The global medical cannabis industry was ~$11.7 Billion in 2018. This is estimated to grow to as much as ~$148 Billion by 2026[iv]  

4.    Cannabis is now legal for medical use 28 European countries[v] and ~40 countries worldwide.  

5.    Cannabis contains over 113 Cannabinoids, many of which have medical and therapeutic applications that are only now being discovered  

6.     “Cannabinoids” are the primary chemical components found in Cannabis. They include THC which makes you high and CBD which is the focus of most medical and therapeutic applications  

7.    CBD is used in the development of treatments for many common illnesses such as cancer, Alzheimer’s, arthritis, epilepsy, multiple sclerosis, chronic pain, mental illnesses and Parkinson’s disease  

8.    There are an estimated 1 Billion people who are suffering from diseases and illnesses that can be treated with medical cannabis products[vi]  

9.    ‘Big Pharma’ companies are getting involved: in the US alone, over 115 Cannabinoid drug trials were registered in 2018 and more than 200 patents have been granted[vii]  

10.  The Medical Cannabis and Wellness UCITS ETF is the first and only fund to give European investors a convenient and easy way to invest in the medical cannabis industry. Learn more about the fund here.

Article Date: 6th January 2020

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