Key Therapeutic Trends and Benefits of Medical Cannabis
Cannabis is rapidly becoming recognized for its medical benefits rather than the negative social stigma it is traditionally associated with. People have been consuming its dried leaves, seed oil, and other parts of the cannabis plant for recreational and medicinal purposes for a long time. A major factor fueling the market growth is the rising demand for medical marijuana in markets where cannabis consumption is legal.
In 2020, the global cannabis industry was valued at over USD 9 billion and projected to increase at a compound annual growth rate of more than 26 percent until 2028. In Southeast Asia, although there are substantial restrictions on the use of cannabis, there is increasing research on its usage in the medical fraternity.
As shared in our earlier article on how to overcome the challenges of hemp and food safety with better testing, it is important to conduct comprehensive testing and analysis of trace constituents like THC and CBD to ensure the safety, efficacy, and quality of cannabis-based products.
At DKSH, we help businesses to understand the different testing methods and regulatory demands for each market they are going into. We provide technologies and analysis tools which enable rapid, robust, and confident decision-making at all stages of the development workflow.
Sources:
- Cannabis (marijuana): Facts, effects, and hazards
- What We Know About Marijuana
- Legal Marijuana Market Size | Industry Report, 2021-2028
- Asia Pacific $22.87 Billion Cannabis Market Forecast to 2027 with Profiles of Cannabis Science, Tikun Olam, Terra Tech, Tilray & The Cronos Group
- Cannabis – Alcohol and Drug Foundation
- Cannabis: Uses (Medical), Effects & Warnings – Drugs.com
- Trends Transforming The Cannabis And CBD Industry Outlook In 2022 | Linchpin
- A Pharmaceutical Guide to Cannabis – FAQs for Drug Product Development | LLS Health CDMO
About the Author
Ruethaitip Tiratrakulvichaya has been with DKSH in Thailand since 2009. As the Application Manager for the Malvern Panalytical product range, she is responsible for technical and application support across Southeast Asia. With a background in food science and agroindustry, she is experienced in delivering training to both internal colleagues and external customers on how to operate and obtained the best data. Ruethaitip has extensive working knowledge in material characterization techniques including laser diffraction, dynamic light scattering, micro-calorimetry, size exclusion chromatography and morphological property.
Ruethaitip Tiratrakulvichaya
Material Science