Shifting Legal Views Signal New Potential for the Cannabis Marketplace
PYXUS INTL INC (PYX)
Company Research
Source: PR Newswire
NEW YORK, March 26, 2019 /PRNewswire/ -- Dozens of countries across the world have moved to legalize cannabis in some form, even though the majority of these countries are only allowing cannabis for medical applications. The two main components of cannabis, tetrahydrocannabinol (THC) and cannabidiol (CBD) have been linked to providing consumers with various therapeutic effects. And research and studies have shown that these cannabinoids can help medical symptoms associated with conditions such as cancer, chronic pain, blood pressure, appetite, muscular problems, and epilepsy. However, despite the beneficial uses of medical cannabis, the plant remains internationally listed as a Schedule 4 Drug under the Single Convention on Narcotic Drugs. As a result of legal concern surrounding cannabis and the psychoactive effects of its marijuana derivative, many countries have been hesitant about entering the industry. In the near future, further extensive research is required to evaluate the pla
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