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Cannabis is no longer just for recreational use, it is becoming a part of people's wellness routines. There is a surge in people using cannabis to enhance their well-being, with CBD being a major player in the wellness supplement market. THC and CBD are the two major players, with THC being psychoactive and CBD known for its therapeutic benefits. Cannabis is being used for stress and anxiety relief, sleep improvement, meditation enhancement, and post-workout recovery. There is a wide range of cannabis products designed specifically for wellness, such as topicals for pain relief and skincare, THC tinctures for sleep, and balanced edibles for stress management. The market is booming, but there are legal hurdles due to the complex legal landscape surrounding cannabis. Companies are being strategic in how they market their products to stay within the boundaries of the law. Medical marijuana is gaining attention for its potential therapeutic applications in managing chronic pain, mental hea Welcome back, everybody, to the Deep Dive. This time, we're taking a deep dive into cannabis for wellness in 2024. We've got articles from like cannabis dispensaries and wellness magazines and even some stuff from a medical marijuana advocacy group. You know, it is really interesting to see how all these different sources are all kind of converging on this idea of cannabis moving beyond just, you know, recreational use and really becoming a part of people's wellness routines. Yeah, it's not just a trend anymore. Like, this is something that people are actively incorporating into their lives, you know, to feel better, to improve their well-being. Exactly, and I think that's where this deep dive gets really interesting. We're gonna be looking not just at the market trends, but also delving into, like, the science behind these products, and really, what does this all mean for you, the listener, who's interested in wellness? For sure, so let's jump right in. I think one of the things that really stood out to me when we were going through these sources is that, like, every single one of them points to this massive surge in people using cannabis to enhance their well-being. It's not just about, like, relaxing and chilling out anymore. It's about actively seeking out cannabis as part of, like, a holistic health approach. And that's a significant shift, and the data supports this. Adroit Market Research, for instance, projected that the global wellness supplement market would reach, get this, $215.66 billion in 2020. With CBD being a major player in that market, that's not a small number, and it really signals that this is not a passing fad. This is something that's really changing consumer behavior. Wow, $215 billion, that's incredible. People are really looking for natural remedies, and they're more open than ever to incorporating cannabis into their, like, self-care routines. They are. But I think before we get too far into it, let's just, like, back up for a second and break down, like, the two major players here, THC and CBD, you know, for anyone who might be new to this, can you explain, like, the key difference between the two? Sure, so THC and CBD are both cannabinoids, which are compounds found in the cannabis plant. They both interact with our body's endocannabinoid system, which helps regulate a whole bunch of stuff, like mood, sleep, appetite. The key difference, though, is that THC is psychoactive, so that's what gives you the high feeling, whereas CBD is non-psychoactive, so it's not about getting high. It's more known for its potential therapeutic benefits. Right, and I think that it's worth noting that even the FDA has acknowledged the therapeutic potential of CBD. One of the articles we read mentions Apidiolex, which is actually an FDA-approved medication that contains CBD, and it's used to treat certain types of epilepsy. So, you know, even within the very strict world of pharmaceuticals, there's a recognition of the potential of these cannabis-derived compounds. That's a really good point, and it shows that the applications go far beyond just epilepsy. You know, people are exploring cannabis for a wide range of wellness goals, from managing stress to improving sleep, even enhancing their meditation practices. Absolutely. So let's talk about some of these applications. One of the things that I found really interesting in the articles is how people are using cannabis to address all these different needs, and it goes way beyond, like, just pain management, which is what I think a lot of people think of first. Yeah, pain management is definitely a big one, but it's not the whole story. One major area where people are finding relief with cannabis is stress and anxiety, and this makes sense, especially when you consider the impact of the pandemic on mental health. A Kaiser Family Foundation poll found that 53% of adults in the U.S. reported their mental health worsening during the pandemic, so it's not surprising that people are seeking natural ways to cope with stress and anxiety. 53%, that's huge. So you're saying cannabis might be able to offer some relief in that area. Well, some people are finding that it does. There's definitely anecdotal evidence to support that, and beyond stress and anxiety, people are also using cannabis to improve sleep, to enhance their meditation practices, and to aid in post-workout recovery. It's really becoming a multifaceted tool for wellness. Yeah, it seems like there's, like, a cannabis product for every need now. Like, I was reading about THC-infused teas for sleep or balanced edibles for stress management. It's pretty incredible. It is, and the variety is constantly growing. The world of cannabis products has evolved so much in recent years, and that actually brings us to our next point, which is the incredible amount of product innovation happening in the cannabis wellness market. Yeah, let's dive into that. What I think is really cool is how the market has expanded beyond just, like, smoking or, you know, those classic brownies that everyone thinks of. Now there are so many products designed specifically with wellness in mind. Exactly, and this innovation is happening across the board. For example, we're seeing a huge rise in CBD-infused topicals for pain relief and skincare. So we're talking creams, lotions, salves, even bath bombs. Bath bombs. Yeah. That's amazing. Like, everyone's finding their own unique way to incorporate cannabis into their self-care routines. Right, and the companies are responding to this demand with even more innovation. We're seeing THC tinctures specifically for sleep, balanced edibles for stress management, capsules and gummies, you name it. They're really trying to cater to the formats that consumers are already comfortable with. It's all about making cannabis accessible and approachable. I love that. And it's clearly working because the market is absolutely booming. Like, one of the sources we read predicted that the CBD capsule market alone is gonna reach $1.5 billion in sales by 2025. That's just capsules. Right, and another article we came across predicted 1,000% growth in prestige CBD beauty products over the next five years. 1,000%. That tells you something about how perceptions are changing. It's like cannabis is shedding its old image and stepping into this, like, sophisticated wellness space. Totally, it's becoming mainstream. But, you know, there are still some hurdles to overcome. One of the biggest ones that I keep seeing come up is the legal landscape surrounding cannabis. It's still pretty complex, especially when it comes to marketing products for specific health benefits. Oh, absolutely. It's a bit of a gray area right now. The FDA hasn't fully clarified its regulations for CBD, and they've been known to issue warning letters to companies that are making, you know, really explicit health claims. So it's a tricky situation. On the one hand, there's this huge consumer base interested in the wellness benefits of cannabis. But on the other hand, companies have to be really careful about how they talk about their products. Exactly, so how are they navigating this? Well, a lot of them are being very strategic. They're choosing to highlight the general wellness properties of their products without making specific health claims. So instead of saying, you know, this product reduces anxiety, they might say something like, this product promotes relaxation, you know? They're letting the product format, like whether it's a topical or an edible, kind of speak for itself and subtly suggest those wellness associations. Yeah, that's smart. They're essentially letting consumers draw their own conclusions based on the product's format and ingredients. Right, and it's a smart way to stay within the boundaries of the law while still tapping into this growing market. But you know, there's another whole aspect of cannabis in the wellness world that we need to talk about, and that's medical marijuana. This is where things get even more regulated because you need a prescription and state laws play a big role. Okay, yeah, let's get into medical marijuana. It seems like that's where things get really interesting. It's been gaining a lot of attention for its potential therapeutic applications. It has, and for good reason. We're seeing it used for things like managing chronic pain, addressing mental health conditions like anxiety and PTSD, and even helping with nausea and vomiting, especially for people undergoing chemotherapy. Yeah, and one of our sources, the Medical Marijuana Advocacy Group, they specifically highlighted its potential in regulating sleep cycles, which could be huge for people who are dealing with PTSD-related sleep issues. That's a really promising area of research, but I think it's crucial to emphasize that while there's growing evidence that cannabis is effective in treating PTSD, there's also a lot of evidence that it's not effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD, but it's not effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD, but it's not effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. So, I think it's important to emphasize that cannabis is effective in treating PTSD. I think there's a real need for more research, too, just to substantiate some of the anecdotal claims about the therapeutic potential of cannabis. Absolutely. We need more scientific evidence to really understand how cannabis works, who it can benefit, and what the potential risks are. And thankfully, that research is happening, but it's still early stages. One area that's showing a lot of promise is using medical marijuana for chronic pain management. There are some studies suggesting that it could be an effective alternative to opioids, which we know carry a high risk of addiction and overdose. Right, that's huge, especially given the opioid crisis that we're facing. And I know that one of our sources, the Medical Marijuana Advocacy Group, also highlighted the potential of cannabis for mental health conditions like anxiety, PTSD, depression. They mentioned that there's ongoing research, but it sounds like there's potential there. Yeah, there's definitely potential. But as with anything related to health, we have to approach it with cautious optimism. While some people do experience relief from mental health symptoms with cannabis, others find that their symptoms actually worsen. So we really need more research to understand why those variations occur and to develop more personalized treatment approaches. That's a really important point. Personalized medicine. Just because cannabis works for one person doesn't mean it's going to work the same way for everyone else. Exactly. We all have unique endocannabinoid systems, and things like genetics, lifestyle, even gut health can influence how our bodies respond to cannabis. It's complex. So looking ahead, what does all this mean for the future of cannabis in the wellness industry? What are some of the trends you're seeing emerge? Well, one trend that's becoming really clear is this move towards more personalized products. We're seeing companies develop cannabis formulations that are tailored to specific needs and preferences. So, for example, you might find CBD products that are designed specifically for athletes to aid in post-workout recovery, or THC-dominant edibles that are formulated for sleep enhancement. Wow, that's so cool. It's like cannabis is becoming more and more sophisticated. And what about the evolution of product formats? It seems like we've moved way beyond just oils and tinctures. Oh, yeah. Consumers want options, and the industry is listening. So we're seeing things like micro-dosed edibles, fast-acting sublingual sprays, and even transdermal patches that deliver a controlled dose of cannabinoids over time. It's really about providing diverse and targeted delivery methods. It's amazing how quickly this industry is evolving. It really feels like we're on the cusp of, like, a major shift in how we perceive and utilize cannabis. I think we are. This deep dive has given us a lot to think about, and it's really equipping us with the knowledge we need to navigate this changing landscape thoughtfully and critically. I completely agree. And I'm really glad we talked about the potential risks along with the benefits. It's just so important to be informed and make responsible decisions. But before we wrap up this part of the deep dive, I do want to circle back to something you mentioned earlier, which is the legal landscape. It's an area that's constantly changing, and it can be really confusing for both consumers and businesses. It can. Understanding the legal nuances is absolutely crucial for anyone who's interested in exploring the world of cannabis, whether it's for personal wellness or for business ventures. It's important stuff. So let's dig a little deeper into this legal maze surrounding cannabis both in the U.S. and globally. It's a fascinating area, that's for sure. In the U.S., we've got this whole patchwork of state laws. Some states are like full steam ahead with both recreational and medical marijuana. Others are still holding on to prohibition. It makes for a really dynamic situation. It does. It's like you can cross a state line, and the rules of the game completely change. How do businesses even operate in that kind of environment? It's got to be tough. It is. It's definitely a unique challenge for businesses. They have to navigate this constantly shifting regulatory environment. It can be really complex, and it can be confusing for consumers too because they might not be sure what the specific laws are in their area. For sure. One of the sources mentioned that 38 states have legalized medical marijuana, but what about recreational use? Where do things stand with that? Recreational use is a little different. Right now, as of 2024, it's 23 states, plus the District of Columbia, that have legalized recreational marijuana. So adults in those areas can purchase and consume cannabis without needing a medical reason. Okay, so more states have embraced medical marijuana compared to recreational use. That's interesting. Yeah, and I think it reflects how public perception is evolving. There is a growing acceptance of medical cannabis as people see its potential to help people with chronic pain, anxiety, and all sorts of other conditions. But when it comes to recreational use, I think there are still some varying opinions and concerns. Yeah, that makes sense. But to add another layer of complexity here, there's still this conflict between state and federal laws. Like cannabis might be legal in a particular state, but at the federal level, it's still considered a Schedule A drug. So how does that even work? What does that mean practically for people? Well, it creates a lot of these gray areas. For example, even in states where cannabis is legal, businesses often struggle with things like banking. A lot of financial institutions are federally regulated, so they're hesitant to work with cannabis companies because they're afraid of federal repercussions. Yeah, that sounds like a real headache for these businesses. They're trying to operate legally, but then they run into these roadblocks because of this disconnect between the state and federal laws. It is. It adds this extra layer of complexity, and it just really highlights the need for clearer guidelines at the federal level, whether that's through full legalization or at least some more consistent set of regulations that everyone can follow. One of the dispensaries that we read about was saying that they're super careful about making any health claims about their products. They rely on product formats like you were talking about earlier, the topicals and edibles, to kind of indirectly suggest those wellness benefits. Is that a common approach in the industry? Oh, yeah. It's a really common strategy. A lot of companies are choosing to focus on the general wellness aspects of their products without explicitly making those specific health claims. They might talk about how a CBD bath bomb can promote relaxation or how a THC tincture might have sleep-enhancing potential, but they're really careful about using language that could be interpreted as a direct medical claim. It's like they're walking this fine line, right, trying to appeal to consumers who are interested in those potential benefits but also trying to stay on the right side of the FDA. Yeah, it's a balancing act, for sure, and I think it really speaks to the need for more clarity and guidance from those regulatory agencies. Definitely. So let's zoom out a bit and look beyond the U.S. What's happening globally in terms of cannabis laws and trends? Well, globally, the cannabis market is booming. I mean, it's experiencing this massive period of growth. Canada was one of the first countries to legalize recreational cannabis nationwide back in 2018, and then several other countries like Uruguay and Malta, they followed suit. And in Europe, we're seeing this trend toward decriminalization and the legalization of medical marijuana in a lot of countries. It's really this wave of change that's kind of sweeping across the globe. It is. It's pretty amazing to see. What do you think is driving this global shift towards more accepting cannabis policies? I think there are a few things at play here. One is that there's this increasing body of scientific evidence, right? Like we were talking about earlier, research is starting to really explore and back up those potential therapeutic benefits of cannabis. And I think that's playing a big role in shifting perceptions and fueling the movement toward legalization. And, of course, the economic potential of the cannabis industry is a huge factor, too. Yes. Oh, absolutely. Governments are seeing the potential for job creation, for tax revenue, for economic growth that a regulated cannabis industry can bring. So that's definitely a strong motivator. It's amazing. It's like this plant that was once so stigmatized is now being recognized for its potential health and economic benefits. It's quite a transformation. It is. It's a really fascinating evolution to witness, and it's opening up all these doors to innovation and entrepreneurship on a global scale. It's exciting. So as we continue to explore this world of cannabis for wellness, I think it's helpful to pause here and think about what are some key takeaways for our listeners? What should they keep in mind as they're navigating this evolving landscape? Well, I think the most important thing is education. Consumers need to be informed about the differences between THC and CBD, the different products that are available, the potential benefits and risks of cannabis use. They also need to be aware of the legal landscape in their specific location because, like we've been talking about, those laws can vary a lot. It's like with anything else, right? Informed decision-making is crucial, especially when it comes to our health and well-being. Exactly. And the other thing I would say is that, you know, cannabis isn't a one-size-fits-all solution. Just because it works for one person doesn't mean it's going to work the same way for someone else. It's really about approaching cannabis with curiosity, you know, experimenting a little and finding what works best for you as an individual. And, of course, you know, consulting with a health care professional if you're thinking about using cannabis for medical purposes. Absolutely. It's essential to involve your doctor in that conversation, especially if you're taking other medications or if you have any, you know, underlying health conditions. They can help guide you and make sure you're using cannabis safely and effectively. Any other final thoughts for our listeners as they continue to explore this world of cannabis and wellness? I would just say stay curious, stay informed, be open to new possibilities. You know, the world of cannabis is constantly changing, and there's just so much to learn. So engage with the information, ask questions, and don't be afraid to challenge your own assumptions as you learn more. I love that. That's great advice. This has been a really insightful deep dive so far. Thanks for sharing all your knowledge with us. My pleasure. I always enjoy these conversations. Now one last area that I want to touch upon before we wrap up is the ethical considerations surrounding cannabis for wellness. You know, this is a complex topic with a lot of different perspectives, and it's an important conversation to be having. It is, especially as cannabis becomes more and more mainstream. I think these ethical questions are only going to become more important. And one of the key questions we need to consider is, you know, how do we balance the potential benefits of cannabis with the potential risks? We need to be talking about both sides at that point. That's a great point. We've talked about some of the risks, but what are some like specific ethical concerns that people are raising? Well, one concern that comes up a lot is the potential for exploitation. You know, as this industry grows and becomes more profitable, I think there's a real risk of, you know, companies prioritizing profit over consumer safety and well-being. We need to make sure that businesses are acting responsibly and ethically. Right. And what about issues of access and equity? Are there concerns about certain groups being left behind as the cannabis industry expands? Oh, absolutely. I think that's a huge concern. We need to ensure that everyone has equitable access to cannabis, whether it's for medical or recreational purposes. And that means regardless of, you know, their socioeconomic status or their geographic location, it's about creating a system that's fair and just and benefits everyone, not just the select few. Those are really important points. It seems like the conversation around cannabis for wellness needs to kind of expand beyond just personal health and delve into these broader societal issues as well. I think so too. It's not just about individual choices. It's about building a cannabis industry that's responsible, that's inclusive. And that ultimately benefits communities as a whole. So well said. I think this deep dive has really given our listeners a lot to think about as they continue to, you know, explore this complex and fascinating world. Thank you so much for being here today and sharing your insights. It's been a pleasure. My pleasure. Always happy to be here. And to our listeners, thank you for joining us on this exploration. Remember, stay curious, keep learning, keep asking questions. We'll see you on our next adventure. So we've covered a lot of ground. You know, exploring the science, the products, the trends, the potential benefits of cannabis for wellness. But I think, like we were saying at the end of the last part, you know, the legal side of things can still be a bit tricky. It's a complex landscape. Oh, it definitely is. You know, we've got this whole interplay of state and federal laws here in the U.S., and then globally it's a whole other ball game. It can be hard to keep up with, that's for sure. It really can. So I guess, like, where do we even begin to untangle this legal web? Maybe we could start by clarifying, you know, like what's the current state of cannabis laws in the U.S.? All right, well, I think a good place to start is with medical marijuana. Right now, as of 2024, 38 states have legalized medical cannabis programs. So that means that in most of the U.S., people with, you know, qualifying conditions can access cannabis for therapeutic purposes as long as they have a doctor's recommendation. Okay, so 38 states have legalized medical marijuana. That's a pretty significant number. But I know the rules around recreational use are different. So what does that picture look like? Yeah, so for recreational use, it's a little bit different. As of right now, in 2024, we've got 23 states, plus the District of Columbia, that have legalized recreational cannabis. So, you know, adults in those areas can basically purchase and consume cannabis without needing, you know, a medical reason. Okay, so we've got this interesting situation where more states have kind of embraced medical marijuana compared to recreational use. Yeah, it's an interesting trend. And I think it really reflects, you know, how public opinion is evolving. There's this growing acceptance of medical cannabis, you know, as people recognize its potential to help with things like chronic pain and anxiety and all these other conditions. But when it comes to recreational use, I think there's still, you know, there's still some different opinions out there, different concerns. Yeah, for sure. And to make things even more complicated, you know, we still have this clash between state and federal laws. Yeah. Like cannabis might be perfectly legal in a particular state, but at the federal level it's still classified as a Schedule I drug. So how does that work? What does that mean practically for people on the ground? Well, it creates a lot of gray areas. Like, for example, you know, even in states where cannabis is legal, businesses often face challenges with things like banking. You know, most banks are federally regulated, so they're really hesitant to work with cannabis companies because, you know, they don't want those federal repercussions. Right. It's like this weird catch-22 situation. These businesses are trying to operate legally within their state, but then they run into these roadblocks because of this disconnect between state and federal laws. It's a huge hurdle for the industry, and it really highlights the need for, you know, for federal lawmakers to step in and address this, whether it's through, you know, full legalization, or at least creating, you know, some more consistent set of regulations that everyone can follow. All right. So we've talked a lot about the U.S., but the cannabis landscape is changing rapidly on a global scale, too. What are some of the big trends you're seeing in other parts of the world? Globally, we're seeing this big movement towards, you know, more acceptance of cannabis. Like Canada, for example, they were one of the first countries to legalize recreational cannabis nationwide. That was back in 2018. And since then, several other entries, like Uruguay, Malta, they've followed suit. And in Europe, a lot of countries are, you know, decriminalizing cannabis and establishing medical marijuana programs. Wow. It's like a global wave of change. What do you think is driving this shift? Well, there are a few key factors, I think. One is, you know, that increasing body of scientific evidence that we've been talking about. Like research is starting to back up those potential therapeutic benefits of cannabis. And I think that's a huge driver of this move toward legalization. And, you know, we can't forget about the economic potential of the cannabis industry, either. That's got to be playing a role, too. Oh, absolutely. You know, governments are seeing potential for job creation, for tax revenue, for overall economic growth. And that's definitely a big motivator for a lot of countries. It is amazing to see how these different forces are shaping, you know, the global landscape around cannabis. But as we wrap up our deep dives into cannabis for wellness, I want to leave our listeners with like some final thoughts or takeaways. What are some of the most important things for them to keep in mind as they, you know, continue exploring this world? Well, I think first and foremost, education is key. You know, people need to be informed. They need to understand the differences between, you know, THC and CBD, the different kinds of products that are out there. You know, what are the potential benefits? What are the potential risks? And they also need to be aware of the legal landscape in their specific area because those laws, you know, like we've been talking about, can be very different from place to place. Like with anything else related to our well-being, right? Informed decisions are the best decisions. Exactly. And I think, you know, the other thing that's really important to remember is that cannabis isn't a one-size-fits-all solution. You know, just because it works for one person doesn't mean it's going to have the same benefits on somebody else. It's really about approaching cannabis with a sense of, like, curiosity, you know, experimenting a little and finding what works best for you as an individual. And, of course, you know, if you're thinking about using cannabis for medical purposes, talk to your doctor. Absolutely. You know, talk to your doctor, especially if you're taking other medications or if you have any, you know, underlying health conditions. They can help you figure out what's right for you and make sure you're using it safely. Those are all excellent points. This deep dive has been so insightful. It's really given us, and hopefully our listeners, you know, a solid foundation for understanding this whole world of cannabis and wellness. Yeah, it's been a great conversation and, you know, I just encourage everyone to keep learning, keep asking questions. You know, there's so much more to discover. Thank you so much for joining us today and for sharing all of your insights with us. It's been my pleasure. And to all of our listeners out there, thank you for joining us on this deep dive into cannabis for wellness. Keep exploring and we'll catch you on our next adventure.