Disaster For Big Pharma As 50% Of People Report Quitting Pills For CBD
According to a recent survey conducted by cannabis market research firm the Brightfield Group and HelloMD, an online medical cannabis community, nearly half of CBD (cannabidiol) users give up prescription drugs and over the counter medications in favor of the non-psychoactive substance.
The survey of over 2,400 respondents found forty-two percent of CBD users — whether they used marijuana-derived CBD or hemp-derived CBD — “have left their traditional medications behind altogether and now use cannabis instead.”
The survey summarized that roughly “66% of CBD users indicated that CBD products are either ‘more effective’ or ‘much more effective’ in relieving their medical conditions than are over-the-counter (OTC) products.”
Further, “approximately 52% of this consumer group indicated that their CBD products are either ‘more effective’ or ‘much more effective’ in relieving medical conditions than are prescription medications.”
Common conditions users have employed CBD to treat include joint pain and inflammation, insomnia, depression, and, most often, anxiety. Preliminary research on CBD shows the cannabis derivative can be effective at treating some of these ailments.
When given the option to list “other” uses, survey respondent frequently cited “menstrual cramps, skin concerns, diabetes, ADHD, and stomach issues (IBS, loss of appetite, etc.).”
Respondents expressed satisfaction with the quality of treatment CBD provides:
“When asked about the medical relief, more than 4 out of 5 CBD users found cannabis to work either extremely effectively or very effective against their various conditions. Each of the individual categories under the CBD umbrella fared well, with the vast majority (82%-83%) of users experiencing effective relief with the use of Hemp-Derived CBD, CBD-Dominant and Marijuana-Derived CBD – Only products to help treat their conditions.”
Ninety percent reported they were likely to buy plant-derived CBD products again, and many reported using a variety of products rather than just one. Most reported vaping as their preferred means of administering their medication.
One of the chief complaints about CBD was that plant-derived CBD was more effective than hemp-derived CBD but that the former is more expensive than the latter (still, slightly more respondents said hemp CBD was more effective at treating nausea, whereas plant CBD was reportedly more effective at treating arthritis).
Indeed, in the Los Angeles area, for example, a half-gram of plant-derived CBD can cost as much as $50. The higher the CBD ratio, the higher the price.
Even so, HelloMD notes that due to the “entourage effect,” CBD can actually be more effective when administered with other cannabinoids, like well-known THC (and vice-versa). One preliminary study of cannabis’ anti-tumor effects found the substance’s effectiveness increased when CBD and THC were combined.
Cannabis, in general – Not just CBD – Poses a major threat to a variety of industries, Namely big PHARMA. One analysis has found that the pharmaceutical industry could lose as much as in profits as cannabis continues to be legalised. Another survey of cannabis users conducted by researchers from UC Berkeley & kent State University found that “97% percent of the sample ‘Strongly Agreed’ that they are able to decrease the amount of opiates they consume when they also use cannabis, and 81% ‘Strongly Agreed’ that talking cannabis by itself was more effective at treating their condition than taking cannabis with opioids.”