Big Pharma Will Lose $4 Billion Per Year Due to Medical Marijuana

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The study also identified nine areas where medical marijuana will most affect Big Pharma: Anxiety, chronic pain, epilepsy, post-traumatic stress disorder, sleep disorders, nerve pain, chemotherapy-induced nausea and vomiting, Tourette syndrome and glaucoma. The researchers found that even if marijuana was only prescribed in a small percentage of these cases, pharmaceutical companies could lose as much as $4 to 5 billion.

While that sounds like a tremendous amount of money, it’s really just a small dip for the pharmaceutical industry, which is currently valued at $425 billion. And it’s even less noteworthy when you consider those losses will be spread out amongst multiple companies. Pfizer, one of the largest Big Pharma companies, estimates they will only lose $500 million out of their $53 billion revenue due to medical marijuana.

But we’re guessing even with these small losses, Big Pharma is donating heavily to politicians who claim marijuana leads to drug addiction. I’m sure that’s just a coincidence.

 

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