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5 Jaw-Dropping Facts About Legal Marijuana
By Brian Orelli | More Articles
November 30, 2013 | Comments (25)
The legal use of marijuana for both medical use and adult recreational use is on the rise. Here are five facts that might just surprise you about the drug.
Source: Chuck Coker, Flickr.
1. Marijuana could be the best-selling legal drug. Ever.
According to ArcView Market Research, the national market for legalized marijuana could hit $10.2 billion in five years. Pfizer's (NYSE: PFE ) Lipitor currently holds the record for prescription drugs at about $13 billion. If ArcView's prediction is correct, it's not hard to see how marijuana could surpass that record in the following year. It's growing from a base of just $1.44 billion this year.
And unlike Pfizer, which saw Lipitor sales crash once generic versions hit the market, there isn't likely to be a cliff that causes sales to drop precipitously, short of having the federal government decide to crack down on state laws. Of course, unlike Lipitor, you can't invest in one company to capture all the revenue.
2. 14 states could join Colorado and Washington legalizing marijuana for recreational use
In fact, that's one of the driving forces behind ArcView's growth prediction. The sentiment has shifted recently; a majority of Americans now favor legalization. If they vote the same way they answer poll questions, it's likely that we'll see many more states where marijuana use is legal in the coming five years.
The driving force for the states is the potential revenue from taxes. They want to get their cut, which they don't get on illegal sales now.
It'll be interesting to watch Colorado and Washington as they try to deal with how to tax what many consider to be a drug to help people -- which are typically not taxed -- compared with a recreational drug, which, like cigarettes and alcohol, are typically highly taxed.
3. The government sends out marijuana cigarettes each month
It's part of a study to see if marijuana could help patients with glaucoma. At its peak, there were 30 patients enrolled in the study, which stopped accepting new participants in 1992. Those still enrolled get sent their prescriptions from a special farm on the University of Mississippi campus that provides the drug for medical research.
4. Only 6% of studies on marijuana investigate its potential benefit.
According to CNN's Sanjay Gupta, the other 94% investigate its potential harm. The problem, as Gupta points out, is that it's very hard to run clinical trials on marijuana use since it's still illegal at the national level. While the University of Mississippi farm can provide the medication legally for studies, it's apparently not that all that easy to acquire medication from it.
Researchers also have to gain approval from the NIH's National Institute on Drug Abuse, which has a mission "to lead the nation in bringing the power of science to bear on drug abuse and addiction." That's not exactly a ringing endorsement for potential benefits of drugs.
5. The receptor that marijuana activates has been an (unsuccessful) drug target
Tetrahydrocannabinol, or THC, one of the active drugs in marijuana, is available as a prescription drug called Marinol, developed by Abbott's drug arm, now called AbbVie (NYSE: ABBV ) , to stimulate appetite and control nausea and vomiting in patients taking chemotherapy. But the drug isn't widely used because it's absorbed by different people at different levels, making it hard to get the right dosage .
Sanofi (NYSE: SNY ) tried to do the opposite and block the receptor, thus controlling appetite. While Sanofi's obesity drug, Acomplia, was fairly good at helping patients shed the pounds, it had psychiatric side effects including depression. The FDA never approved the drug, and Sanofi had to remove it from the market in Europe in 2008.
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My thoughts: On #1 Best selling drug? Who would grow it and sell it?
On #2 Kind of sad that the driving force for legalization is tax revenue. Just another example how everything is money. I guess one could make similar claims for gambling and prostitution where those are also legal. Alcohol and maybe a sugar tax. The latter suddenly could be labeled a vice.
On #3 I didn't know the government was sponsoring studies on use of marijuana for glaucoma. It can lower intra-orbital pressures but my understanding is the affects were too erratic and there are so many better drugs that the use for this is dubious. I met an eye doctor in Florida who got into trouble with the ATF for testing this. He claimed they ruined his life and his wife eventually committed suicide over it. I only know his side of the story. This was about ten years ago. He was in his seventies.
On # 4 Old drugs do make comebacks. Gupta noted that most studies looked at the harms not the benefits. Remember thalidomide? The drug given to pregnant women in Europe that led to horrible birth defects? Just the mere mention of it afterwards gave everyone the shivers. Now it is a beneficial drug used for other diseases.
On # 5 The Sanofi drug did work to help people lose weight but then a suicide was reported and that was that in the US. I don't know what the experience was in Europe since it was approved there and later taken off their market.
I left the comments from some other readers here:
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Report this Comment On December 01, 2013, at 5:25 AM, VikingBear wrote:
Legalize everything.
Let the herd cull itself.
Report this Comment On December 01, 2013, at 8:46 PM, Kalamakuaikalani wrote:
Hard to take your article seriously when you title it "5 Jaw-Dropping Facts ....." & then subtitle number 1: 1. Marijuana could be the best-selling legal drug. Ever. ................... It's not a FACT if marijuana COULD BE. It either is or it isn't & THEN, that would be a FACT.
Report this Comment On December 01, 2013, at 8:53 PM, glenns45 wrote:
Controlled Substance Act of 1971 signed by a President who was forced to resign or be prosecuted. The DEA was created to make sure the right people were selling the Drugs and supporting the NWO. The Feds are the ones who bring in the drugs this is on public record do some research.
Report this Comment On December 01, 2013, at 9:23 PM, towolf2 wrote:
When it smacks somebody upside the chops, then you know what is a fact and what isn't. That's 35 years as a pro grower speaking. Say hey to The Duke for me!!
Report this Comment On December 01, 2013, at 9:26 PM, towolf2 wrote:
Which part am I reading? The educated humorous enriching part, or is this the NASCAR Channel. Caught out again.
Report this Comment On December 01, 2013, at 9:53 PM, oldmutt1949 wrote:
5 other jaw breaking facts about marijuana.
1. It has 424 compounds that turns into over 2000 when lit.
2. Those 2000 compounds release numerous poisons including hydrogen cyanide and carbon monoxide.
3. French Academy of Science using the atomic microscope has shown long term use of marijuana can alter a person DNA ( Science Daily )
4. Total number of people killed in the drug war in Mexico, central and Latin America exceeds the number of U.S. casualties in VIet Nam.
5. A lot of hippies from my generation who smoked this polluted crap are no longer here.
And last but not least their isn't a single study that has confirmed that all the substances in marijuana are safe evident by he emergency rooms a In Denver and other cities kept busy treating kids poisoned by this stuff because their parents are so dumb down they can't provide their children a safe environment.
Report this Comment On December 01, 2013, at 9:59 PM, fixer wrote:
Hemp used to be such a valuable crop that in George Washington's time ,farms we're required to plant a percentage of their fields with hemp.The oil from the seeds was a good lamp oil and the fiber made strong cloth and rope.
Report this Comment On December 01, 2013, at 10:21 PM, southernhippy wrote:
Old mutt is lying his butt off, Just look at old willie Nelson to see the truth, Pot smoking does not affect your age. Off course old mutt is talking about smoking and not one work about eating.
Report this Comment On December 01, 2013, at 10:24 PM, junior wrote:
something else you forgot oldmutt1949, there was talk about leagalizing it in my state. Even if it does become legalized, we were told by the plant manager that if our random pee test revealed any THC we would still loose our job.
This is why I agree with Vikingbear. Let the herd cull itself. The job market may open up so that someday I can find a job where I can afford a pack of store bought cigarrettes
Report this Comment On December 01, 2013, at 10:32 PM, southernhippy wrote:
BTW mutt lets add some other facts to that mix..
Pot smokers tend to be closer to normal weight...
Higher good cholesterol.
Also lets add the fact that smoking pot don't increase you chances of lung or any other cancer. Not to mention and numerous medical uses of MJ among those would be nausea, seizure control, pain management. So when do we decide when the good outweighs the bad? Almost every war on Pot argument has been debunked, when do you see anything other than hate?
BTW us hippies are alive and well living a great and healthy life style, after all it was us hippies who came up with the who vegetarian thing long before anyone else, peace out...
Report this Comment On December 01, 2013, at 10:57 PM, imnxtc2001 wrote:
"evident by he emergency rooms a In Denver and other cities kept busy treating kids poisoned by this stuff" Yeah oldmutt, them hospital rooms are just packed with them pot smoking whippersnappers. Too funny! If you have any time between your naps and your shuffleboarding league, you can take a few minutes to look up that marijuana by itself equals the same amount of emergency room visits as OTC sleep medicine. I will give you the benefit of the doubt, that you may have been mistaken for synthetic marijuana which is extremely dangerous.
Report this Comment On December 01, 2013, at 10:57 PM, OldSkewel wrote:
Oldmutt1949 is NOT lying southernhippy. ANYONE with at least 1/2 a brain knows it is NOT natural OR healthy to take smoke of ANY kind into a healthy set of lungs.
What I find truly ironic is the very same people that use to jump all over big time tobacco companies and the dangers of smoking absolutely sound like hypocrites now touting the oh so many benefits of cannabis which EVERYONE knows the most popular form of use is the SMOKING thereof.
While we're on the subject of cannabis, somebody please remind me, isn't hashish addictive? What, basically; is hashish comprised of...?
As far as the economic impact is concerned, it WOULD make sense to legalize it but that's the ONLY reason and EVEN THEN, the economic benefits would be relatively short term compared to the devastating social and moral impact (especially considering America's children) that would no doubt occur as you just as well can take America's public education school system and pitch it out the window, not that it works that well now but can you imagine what would happen if "chronic" was legalized...?
Report this Comment On December 01, 2013, at 11:08 PM, imnxtc2001 wrote:
Just one more observation while I'm still laughing....I'm not perfect with punctuation or grammar, but someone that doesn't smoke marijuana telling me: "jaw breaking" instead of "jaw dropping"...."their" instead "there"....."he" instead of "the"....."a In" instead of just plain out "in" minus the "a" and capital "I".....Geez, I need to smoke a bowl to even make sense of your comment at all.
Report this Comment On December 01, 2013, at 11:09 PM, southernhippy wrote:
Odds of MJ addiction is the same as gambling, Pot has no chemical addiction. You also have the same chance of becoming a workaholic or any other habit that could be considered a bad or good life choice. Pot has been around for more than 10k years and has not stopped any progression of mankind. BTW CBD's that are found in pot are also anti-cancerous, also naturally lowers blood sugars and even can protect the brain in the event of a heart attack or stroke. BTW we are also talking about Eating the plant, y'all do know it's non-toxic and impossible to overdose on right? Y'all are just looking that that lovely drug free propaganda against a persons right to live as they chose too. BTW one other note, Pot does have 5 natural nero keyways in the brain that can open up nero pathways(hence why there is enhanced sight, smells, and creativity.) Pot is indeed a natural product the human mind knows very well. MJ has been demonized for decades for no real reason other than sobriety, nothing else.
I do agree on one Idea though, kids under 21 should not get access and should be treated like booze and advertising should be the same as tobacco when it comes to kids.
Report this Comment On December 01, 2013, at 11:21 PM, imnxtc2001 wrote:
Old Skewel: Is it natural or healthy to drive a car? But you do it anyways don't you? Your trip to the store tomorrow will produce more pollutants into EVERYBODYS air, than one pot smoker can produce in a year. btw....I don't know if you've been asleep the past 50 years, but kids in school(if they choose to)get pot just as easy now, as they would if it was legal and fell under same laws as tobacco. As far as hash...it is basically the same as marijuana, just made from different parts. And the same studies you got your information that it was addictive, are the same ones that say marijuana is also.
Report this Comment On December 01, 2013, at 11:36 PM, HMull81 wrote:
Let’s get a few things right:
First - the problem with legalizing any previously illegal substance isn’t a morally grounded issue; being that most of these substances are vices are not socially accepted when overly indulged anyway.
Second – look up some history and consider why hemp production was ground to a halt in the first place, I’ll give you a hint……
It wasn’t because pothead hippies were overrunning the world with their outrageous free love and open minded way of living, that didn’t come until the 60s.
It is all economic and taxation that has put at spin on what any generation finds acceptable.
It doesn’t matter if you are for or against the legalization of pot, it matters where it would lead to based off of the revenue gained cause face it, the government has stopped doing for the people a long time ago, and if you are current with what is popular; the Kim and Kanye saga get more press than real issues such as legalizing pot, gun law, government debt, and not to forget my favorite government shut down.
I know that if I quit working when I was a soldier in the U.S. Army there were consequences which usually ended with me in a bad kind of way.
Report this Comment On December 02, 2013, at 12:05 AM, allykat7825 wrote:
This will be the first step in finishing off the Regan inspired War against drugs which has cost so many billions over the years. It put the lotteries to shame when the taxes are added up and make many more people happy. Add cocaine to the list and the cartels are a thing of the past, which should please oldmutt. Oldmutt is probably not as old as I am and despite rumors to the contrary, and what many others might think, I still have my wits about me. .
Report this Comment On December 02, 2013, at 1:03 AM, Sniper2013 wrote:
http://www.youtube.com/watch?v=Kf07aK_5004Report this Comment On December 02, 2013, at 2:05 AM, uniquelyNzaneSam wrote:
Where oldMutt1949 is investment advice?: anti-pesticidal controls against garden herbivores? Bet on that eliminates most carcinogens' category of compounds. Good alarm oldMutt about marijuana combustion: extreme diarrhea treatment on terminal illness cases will not intrest as much financial and mental risk as combustibles, crack and meth. Expect ascending physical medicine values from home-brewed tea-therapy thereby more versatile prescriptions flavorful hashish gel-capsuled and milligram-tweeked synthetically. Noncombusted eliminates psychological addiction injuring only nervous system like brain damages from psychotropic over-use.
>Behavioral health dermal patches prescribing "thc" will dominate nicotine futures into oblivion. Chemical, money lust, even commercialed availability are not the gateway drugs guaranteeing stupefied economics. Anti-faith religious propaganda misinterpretation-poisoning scorches your love into an emptying black-holes to drain away everyone&thing appreciable. Artificial counterfeits especially joy inducements cannot possibly satisfy longest-term spiritual-nature provisions. Will algebraic naturals ever displace monetary abstracts? Where oldMutt1949 is investment advice?: anti-pesticidal controls against garden herbivores? Bet on that eliminates most carcinogens' category of compounds. Good alarm oldMutt about marijuana combustion: extreme diarrhea treatment on terminal illness cases will not intrest as much financial and mental risk as combustibles, crack and meth. Expect ascending physical medicine values from home-brewed tea-therapy thereby more versatile prescriptions flavorful hashish gel-capsuled and milligram-tweeked synthetically. Noncombusted eliminates psychological addiction injuring only nervous system like brain damages from psychotropic over-use.
>Behavioral health dermal patches prescribing "thc" will dominate nicotine futures into oblivion. Chemical, money lust, even commercialed availability are not the gateway drugs guaranteeing stupefied economics. Anti-faith religious propaganda misinterpretation-poisoning scorches your love into an emptying black-holes to drain away everyone&thing appreciable. Artificial counterfeits especially joy inducements cannot possibly satisfy longest-term spiritual-nature provisions. Will algebraic naturals ever displace monetary abstracts? Someday Where oldMutt1949 is investment advice?: anti-pesticidal controls against garden herbivores? Bet on that eliminates most carcinogens' category of compounds. Good alarm oldMutt about marijuana combustion: extreme diarrhea treatment on terminal illness cases will not intrest as much financial and mental risk as combustibles, crack and meth. Expect ascending physical medicine values from home-brewed tea-therapy thereby more versatile prescriptions flavorful hashish gel-capsuled and milligram-tweeked synthetically. Noncombusted eliminates psychological addiction injuring only nervous system like brain damages from psychotropic over-use.
>Behavioral health dermal patches prescribing "thc" will dominate nicotine futures into oblivion. Chemical, money lust, even commercialed availability are not the gateway drugs guaranteeing stupefied economics. Anti-faith religious propaganda misinterpretation-poisoning scorches your love into an emptying black-holes to drain away everyone&thing appreciable. Artificial counterfeits especially joy inducements cannot possibly satisfy longest-term spiritual-nature provisions. Will algebraic naturals ever displace monetary abstracts? Perhaps after college graduations? How might one economically invest private citizen properties, hide them secure from theft, or accelerate prosperity to make defrauding obsolete?
Report this Comment On December 02, 2013, at 2:50 AM, gareball wrote:
"Only 6% of studies on marijuana investigate its potential benefit.
According to CNN's Sanjay Gupta, the other 94% investigate its potential harm. The problem, as Gupta points out, is that it's very hard to run clinical trials on marijuana use since it's still illegal at the national level. While the University of Mississippi farm can provide the medication legally for studies, it's apparently not that all that easy to acquire medication from it".
If the FDA were to subject ANY drug from Big Pharma to the same skewed testing there wouldn't be a new drug on the market for decades. I'm betting that the drugs 'oldmutt' or 'Old Skewel' take to stay alive would never have passed such rigorous testing, and probably contain more virulent side effects than marijuana ever could.
Step into the 21st century, guys, and realize that it's time to put the idiotic and woefully expensive "war on drugs" to rest. It hasn't, and never will, work.
By the way 'old' fellas.....I'm 64 myself and have been a regular pot user for more than 45 of those years. I'm the picture of good health, thanks to a vegetarian diet, and will probably outlive both of you pot demonizers by a decade, at least. Oh, and 'Old Skewel', hashish IS NOT addictive, it's basically the resin from the marijuana flower and is nothing more than a more potent delivery device for THC. The sum total of what you anti-pot "experts" DON'T know is astounding. Then again, when you rely on anti-pot propaganda for your "facts" you're deliberately being fed a pack of lies designed to keep Big Pharma, the Liquor Lobby, and the 'for profit' prison system in customers for years to come. Try thinking for yourself, for once, and do the research so you'll be armed with REAL facts!