There are a staggering 255 million opioid prescriptions written each year in the U.S.
Yet, with a whopping one in three American adults still in chronic pain, opioids haven’t done much to stop the suffering.
What they have done instead is cause the worst drug crisis in American history, with an estimated 2.35 million suffering from opioid addiction.
In response, the Centers for Disease Control (CDC) and the American College of Physicians have issued new guidelines urging doctors to stop prescribing opioids and to turn to safer alternatives instead.
One of the alternatives getting the most attention is cannabis.
With cannabis now State legal in some form in 33 states and the District of Columbia, sales are soaring.
And the companies that grow and sell cannabis and hemp products are some of the fastest-growing businesses in North America.
Those microcap stocks have already seen their biggest gains. But the cannabis revolution is just taking off, and there are dozens of stocks that are still flying under the radar, undiscovered by investors, and ready to soar.
Inc. Magazine calls cannabis “The #1 industry you need to be paying attention to.”
But is the growth sustainable?
It all depends on whether the benefits of cannabis can live up to their early hype.
And from all indications, they can.
Addressing both the chronic pain crisis and the opioid crisis is a top national priority.
Research shows that cannabis effectively alleviates pain. It also reduces opioid addiction by alleviating cravings.
A comprehensive 2017 review by the National Academies of Science concluded that “There is substantial evidence that cannabis is an effective treatment for chronic pain in adults.”
The same report noted that “medical cannabis use in pain patients was associated with a 64 percent reduction in opioid use.”
Another study found that an overwhelming 97% of pain patients were able to reduce opioid use after beginning treatment with cannabis.
The evidence for pain relief is overwhelming, with a total of 28 well-conducted, randomized clinical trials concluding that cannabinoids are effective at relieving pain.
What’s more, clinical studies show that cannabis is medically beneficial for inflammation, anxiety, and nausea.
The Arthritis Foundation estimates that arthritis affects 91 million Americans. What’s more, that number is expected to grow by a whopping 49% by 2040.
The most common symptom of arthritis is pain, which is often debilitating.
There is evidence that cannabis helps to alleviate arthritis pain. In particular, one component of cannabis called cannabidiol or CBD for short is racking up solid endorsement as a treatment. This is the non-psychoactive drug found in both marijuana and primarily hemp.
The non-profit Rheumatoid Arthritis group says, “One of the primary CBD oil benefits for arthritis sufferers is its positive effect on pain, and research confirms it.”
Citing a 2017 study published in the journal Pain, the group concludes that CBD prevents osteoarthritis pain.
An estimated 50 million Americans regularly exercise or participate in sports, according to the U.S. Bureau of Labor Statistics.
Many of these active adults already turn to cannabis and CBD to relieve pain and inflammation caused by physical activity.
Market-leading retailers are already eyeing that market.
Neiman Marcus carries “luxury” hemp-based CBD products. Amazon (AMZN) lists more than 9,000. And beauty chain Sephora dedicates ample shelf space to their line of hemp CBD products.
It’s easy to see why.
An estimated 17.9 million American adults now use CBD or cannabinoids on a nearly daily basis.
That translates to 7% of the country’s adult population, a figure that is likely to increase exponentially with the recent legalization of hemp-derived cannabidiol.
Bethany Gomez, managing director of market analysis company Brightfield Group, says "I have never seen an industry grow this quickly, and I've never seen an industry with so much headwind."
And it’s not just the under-50 “pot generation” that’s turning to CBD.
There are a number of companies marketing cannabis products as effective pain relievers.
But the FDA is is cracking down on them, warning that only FDA-approved drugs can make claims related to pain relief.
While some companies like Curaleaf are jumping the gun on health claims, others are going through the right processes to test their products and substantiate their effects on human health, with the ultimate goal of gaining FDA approval.
Here are three companies to watch.
The trial will evaluate the efficacy and safety of CBD transdermal gel (ZYN002) in children ages three through 17 years with Fragile X Syndrome.
Cannabis and hemp-based CBD are already having a positive effect on the opioid crisis.
In fact, a study conducted just before federal legalization of CBD in 2019, as reported in the Journal of the American Medical Association (JAMA), found a 14% reduction in opioid prescriptions in states that allowed easy access to cannabis.
The study’s authors estimated that the switch to cannabis reduced opioid reliance by 3.7 million doses per day!
Says W. David Bradford, an economist at the University of Georgia and the study’s lead author, “In this time when we are so concerned—rightly so—about opiate misuse and abuse and the mortality that’s occurring, we need to be clear-eyed and use evidence to drive our policies.
“If you’re interested in giving people options for pain management that don’t bring the particular risks that opiates do, states should contemplate…cannabis policies.”
Another study reported in Clinical Pharmacology & Therapeutics found similar results. Donald I. Abrams, MD, the study’s lead author, suggested that “cannabis has the potential to relieve pain and decrease use of opioids..."
The conclusion is clear: chronic pain is a problem in desperate need of a solution, and cannabis, including CBD might offer the best answer today.
Cynthia Berryman, Contributor
for Investors News Service
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 https://emedicine.medscape.com/article/816117-overview, https://www.cdc.gov/drugoverdose/maps/rxrate-maps.html
 9/11/17 – 8/13/18 and 2/10/14 – 4/7/14 respectively
 National Academies of Sciences, Engineering, and Medicine; Health and Medicine Division; Board on Population Health and Public Health Practice; Committee on the Health Effects of Marijuana: An Evidence Review and Research Agenda, The Health Effects of Cannabis and Cannabinoids: The Current State of Evidence and Recommendations for Research, National Academies Press, 2017
 Carlini B, Role of Medicinal Cannabis as Substitute for Opioids in Control of Chronic Pain: Separating Popular Myth from Science and Medicine, University of Washington, 2018
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 https://www.aarp.org/health/conditions-treatments/info-2018/cbd-oil-marijuana-health-benefits.html, https://www.aarp.org/health/conditions-treatments/info-2018/marijuana-pain-relief.html