In a new report, analysts at the investment bank Cowen highlight a marijuana and hemp compound called CBD as a massive opportunity for growth.
In the healthcare realm, the analysts noted that on the heels of the recent FDA approval of Epidiolex, more companies could be working on similar products. Canadian marijuana producerCBD products are also gaining a presence in independent pharmacies — the non-Walgreens or CVSs of the world — where they are already selling or have plans to sell CBD oil.
And although large pharmacy chains like CVS are not currently selling CBD, they may do so in the future. The analysts note that the US holding company behind Walgreens, known as the Walgreens Boots Alliance, for example, has indicated that it is monitoring the CBD market.A drug derived from marijuana has become the first to win federal approval, and experts predict an avalanche effect
Lab-grown CBD and THC have gained a lot of recent interest from startups in recent years. The process would use a technique known as synthetic biology or biosynthesis to coax genetically altered organisms like yeast into churning out the marijuana compounds. Doing so, the analysts write, could save manufacturers money and time.with Canadian cannabis company Cronos to make compounds like THC and CBD in a lab.
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