Medical cannabis is gaining momentum in Asia

  • 📰 CNBC
  • ⏱ Reading Time:
  • 39 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 72%

United States Headlines News

United States Latest News,United States Headlines

Many countries in Asia have made headlines for strict punishments for cannabis, but some are nevertheless softening their attitude toward the once-taboo drug.

surprised many by being the first East Asian nation to legalize medical marijuana last November. The policy came to effect in March this year with the goal of expanding treatment options for patients with epilepsy, chronic pain and other conditions.approved clinical trials for the cannabis compound Epidiolex, a CBD oral solution used in treating epileptic patients.

, according to The Economist Intelligence Unit. The report added that Asia is on track to have the oldest population in the world very soon and with old age comes many chronic disease. In fact, China is not only involved in the research but also heavily in production. Asia's largest economy currently grows nearly half the world's legal hemp, a strain of cannabis that contains almost no hallucinogens, according to China's National Bureau of Statistics.Lillian Suwanrumpha | AFP | Getty Images

Tan added in a phone interview there had been an increase in Chinese companies getting involved in industrial cannabis. Since the start of 2019, he claimed, there's been significant traction in China's capital market for such companies.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

this is great news! the laws in asia are way too restrictive

They use all the good herbs.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia markets set to trade lower as investors await China's growth dataInvestors will be watching out for Chinese gross domestic product data for the second quarter, set to be released at 10:00 a.m. HK/SIN, for clues as to whether policy makers will introduce more stimulus measures in the coming months. Let's fall China! Down 3 to 5%, you can do it!
Source: CNBC - 🏆 12. / 72 Read more »

The company behind Bud Light said it won't take its Asia unit public, cancelling the largest IPO of 2019The public offering was expected to raise as much as $9.8 billion dollars and would've helped the company expand in Asian markets. They went out in defiance of the storm? Further deferment will not be allowed.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Forbes Asia's 200 Best Under A Billion 2019Our annual Best Under A Billion list spotlights 200 small and midsized companies in the Asia-Pacific region with sales under $1 billion. These companies also have a strong earnings growth. Find out who made the list here in 2019 here.
Source: Forbes - 🏆 394. / 53 Read more »

Turning a Moment of Change Into Transformational Momentum for Chronic Pain Management | HealthyWomenUnderstanding women from the perspectives of both sex and gender are going to be critical as we look to drive sustainable change in the health arena, particularly in pain management. Learn more about HealthyWomen's Chronic Pain Summit here: chronicpain
Source: HealthyWomen - 🏆 29. / 68 Read more »

Forbes Asia's 200 Best Under A Billion 2019Our annual Best Under A Billion list spotlights 200 small and midsized companies in the Asia-Pacific region with sales under $1 billion. These companies also have a strong earnings growth. Find out who made the list here in 2019 here.
Source: Forbes - 🏆 394. / 53 Read more »