A Biotech Future for Marijuana?

It is often thought that the economic future for recreational marijuana is relatively limited. The people who use it for fun will eventually move from the black market to the legal market and perhaps into other forms of consumption, but the absolute number will not necessarily increase.

Marijuana’s pharmaceutical future, on the other hand, is a largely unexplored world. Research has been stymied in the United States, but tantalizing clues hint at great potential for both medicine and investors.


Chemistry 101

The chemistry of cannabis was largely unexplored until 1964 when Israeli scientistsRaphael Mechoulam, Yechiel Gaoni and Habib Edery first isolated THC.

THC is only one of what we now know to be between 80-100 cannabinoids in marijuana. They have the effects they do on human beings because of our unique cannabinoid receptors in the brain and immune system. The existence of these natural receptors also appears to...

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