PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) Establishes Business Unit for $55 Billion Medical Marijuana Market

July 27, 2018 11:59:07
  • Medical indications for marijuana multiply
  • Medical marijuana (MMJ) market moves mainstream
  • New cannabis business unit to focus on MMJ market

Now that some 44 nations around the globe have passed laws allowing marijuana for medical use, the market is set for rapid expansion in the coming years. Industry analysts Grand View Research estimate that the global medical marijuana market will reach a value of $55.8 billion by 2025, as the range of therapies for cannabis multiplies (http://nnw.fm/ymq6E). Much of this expected demand will be driven by treatments for chronic pain, but applications are also likely to be developed for a number of other ailments, such as anxiety, epilepsy, multiple sclerosis (MS) and post-traumatic stress disorder (PTSD), that appear to benefit from cannabis prescription. As a result of these developments, PreveCeutical Medical Inc. (CSE: PREV) (OTCQB: PRVCF) (FSE: 18H) has launched a medicinal cannabis division that will also advance the company’s vision of becoming a global preventive health care company. The new business unit will offer medical cannabis in a variety of forms, including capsules, topical creams and transdermal patches, as well as through other delivery methods.

There is a growing body of evidence that certain disabilities and afflictions may benefit from cannabis medications. Conclusive studies have demonstrated that intractable seizures caused by Dravet and Lennox-Gastaut syndromes respond positively to…

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