Studies are showing that more people prefer marijuana to prescription medications to treat health conditions. And additional ongoing studies around the world are learning about the medicinal benefits of marijuana. It appears that the switch to medical marijuana from prescription drugs is bigger than initially thought.
The hit to Big Pharma could exceed $5 billion in the near future if medical marijuana continues to expand throughout the US, according to Entrepreneur. New Frontier Data released data showing that financial losses to Big Pharma may be larger than initially projected. When compiling their data, they used the most common medical conditions that receive medical marijuana recommendations in states where its legal.
New Frontier Data compared information for the following conditions:
- Chronic pain
- Chemotherapy-induced nausea
- Sleep disorders
- Nerve pain
- Tourette syndrome
University of Georgia researchers released data in 2016 showed an 11-percent decrease in aging patient prescription filling practices where medical marijuana is legal. A new research study has been released by Ashley and W. David Bradford, the University of Georgia research team, showing marijuana is preferred to pharmaceuticals across all age demographics nationally.
The new data shows that there are 17-percent fewer prescriptions filled for nausea medicine where medical marijuana is legal. Additionally, there was a 13-percent drop in depression prescriptions filled where medical marijuana is legal.