Cannabis legalisation will cost Big Pharma billions

Cannabis legislation is threatening to reduce pharmaceutical stock value by billions of dollars as more people are predicted to opt for weed over opioids

What would be the impact of making cannabis legal? According to research, it turns out that the legalisation of cannabis would reduce conventional pharmaceutical sales by billions of dollars.

Researchers from California Polytechnic State University and The University of New Mexico published their findings “U.S. Cannabis Laws Projected to Cost Generic and Brand Pharmaceutical Firms Billions,” in PLOS One.