Medical Marijuana Boom Predicted For 2013

[LongHairBri]

By GLENN TOWNES Special to the AmNews

 

It may be crass to promote grass, but the concept of marijuana for medicinal purposes is spreading across the country, with many weed-wielding businesses predicting a high time for their bottom line.

 

One such company is X-Change Corporation, based in Dallas. The drug company announced late last month that it will unveil an array of cannabis-based products and formulas to medical dispensaries across the country, perhaps including the only facility in New Jersey.

 

In December, the Greenleaf Compassion Center in Montclair, N.J., became the first state-approved and licensed dispensary of medical marijuana in the Garden State. More than 300 approved and chronically ill patients received no more than two ounces of herb, and another hundred or so have joined a growing wait list to be approved by the state.

 

At least a dozen states are operating under some kind of state-mandated medical cannabis program. Add to the mix that legislators in Washington state and Oregon recently approved the recreational use of marijuana, and the weed business is indeed perched to soar to dizzying heights.

 

“We are more than just an over-the-counter hemp extract products [producer],” said Robert Kane, president and CEO of X-Change. “I want to capture an impressive amount of market share.” Kane made some of his comments in a media release last month. While remaining mum about the specifics, Kane said the new products will include high levels of tetrahydrocannabinol (THC), the active ingredient in marijuana, and other cannabinoids.

 

According to various statistics, drug and pharmaceutical revenues to treat various forms of cancer will top $300 billion globally by 2025. Similarly, sales of drugs to treat HIV/AIDS will hit the $22 billion mark by 2018. The big numbers present a very green landscape for manufacturers of pot, medicinal or otherwise.

 

To find out more about the medicinal marijuana project nationally, visit the Marijuana Policy Project at www.mpp.org.

 

http://www.amsterdamnews.com/health_care/medical-marijuana-boom-predicted-for/article_c95cf890-5b6b-11e2-8cf5-001a4bcf887a.html

[hic]

My my my the elders of the marijuana prohibiton must be pleased. Their efforts were worth it and the momentum they created is far from peaking.