Medical marijuana has been a hot topic for a while now. It has been on the rise and has been seen to exploit both the health and financial sectors as witnessed in the medical marijuana stocks. If you take the time to do a little research on the marijuana business, you will realize that it is one of the fastest-growing. This can be attributed to the intense research that is being done on the cannabis plant and also the legalization of the product in many states.
Medical marijuana being steadily on the rise has offset the equilibrium in the healthcare industry. Below is how.
1. Reduction in mental health prescription medications
The presence of medical marijuana has threatened the existence of mental health medication. How is that? Remember that this kind of marijuana has been very effective in treating anxiety and depression. Well, that only means that there will no longer be a job for the other medications tied to mental health. This has seen a significant decline in the number of doses that doctors prescribe for their patients: which also explains the recent impressive medical marijuana stocks.
Medical marijuana is a good supplement for depression and has seen less use of psychiatric drugs.
2. Treatment for diverse conditions
It is interesting how medical marijuana is very useful and effective in the treatment of a wide array of conditions. We are talking about the treatment of Alzheimer’s and acne, use as an exit drug for tobacco addiction, and so on. It is just amazing. Technically speaking, there is almost nothing that medical marijuana cannot do. It has also taken up the role of vitamins for appetite.
What this shows is that the product is infiltrating the healthcare industry in ways that may not have been anticipated.
3. Reduction in the number of deaths caused by opioid overdose
The opioid epidemic has created havoc in America. The effect may also have spread across several other nations. It is an effect that has been felt for over a decade now. Thanks to medical marijuana, the epidemic seems to have been contained. If only it had happened earlier. Unfortunately, not so much discovery and research has been done on cannabis. That, however, does not mean that it is too late.
Medical cannabis seems to be doing pretty well in the healthcare industry, especially in the control of opiate addiction. How does this work? For a long time, painkillers like fentanyl have been used to help patients cope with chronic pain. As useful as opiates may be as painkillers, they tend to cause more harm than good. You need to note that they are addictive. A patient who has been using painkillers for a long time will quickly get addicted and may not be able to quit all the same.
With the hope of dismissing chronic pain, some patients tend to overdose thinking it will work better only for them to succumb to it. Marijuana has come to the rescue and has significantly reduced the number of deaths caused by opioids. It has proved to be an equally effective painkiller and also less addictive, or not addictive at all provided the THC levels are low.
This has made medical cannabis the most preferred painkiller, explained by the changes in medical marijuana stocks over the years, slowly making opioids lose their glory.
4. Treatment of cancer
Medical marijuana seems to have gained entry into the treatment of cancer and other chronic illnesses. As aforementioned, cannabis is an excellent painkiller. It, therefore, makes the most ideal drug to cope with the symptoms of cancer and its treatment. This means that doctors are increasingly letting go of other methods of treatment and embracing medical marijuana.
5. Better quality of life
As you have seen, medical cannabis has more than one role in the healthcare sector. It goes all the way from treating depression to helping patients cope with chronic pain. The best part is that the drug has no side effects and the patients will not have to start dealing with a whole other issue after beating the initial condition.
Patients fighting various conditions have been impressed by what medical marijuana has been able to do in their lives.