The Bengal Bite 🐯 | Cannabis Disruption | August 28, 2020
Cannabis is on the cusp of causing major disruption to numerous, entrenched multibillion-dollar industries like alcohol and pharma as millions utilize cannabis to aid sleep, manage pain, and pursue recreation. With consumers finding new, practical uses for cannabis every day, demand continues to surge, even in the midst of a global pandemic.
This demand for cannabis has led to unexpected innovations, such as cannabis vending machines in Colorado and insurance coverage in Germany. As consumers incorporate cannabis into daily life, views on the plant continue to normalize. We see this normalization as the fuel to drive further “cannabis disruption” across a myriad of industries.
The Bengal Capital Team
Medical marijuana reduces hospital visits among sickle cell disease patients
Yale School of Medicine researchers recently published a new study that suggests medical marijuana may be effective in reducing pain for patients with sickle cell disease. With modern sickle cell treatments costing thousands of dollars per year, cannabis is positioned to potentially disrupt the healthcare industry from yet another angle. Read more on this preliminary study in HCP Live here.
Study: Cannabis use rises while strong alcohol use drops
An Oregon State University study suggests that binge drinking of alcohol is decreasing in states that allow legal adult use of cannabis. Read more on this study in the Spokesman-Review of Spokane, Washington here.
Poll: Republicans like marijuana legalization, too (even if it’s Kamala Harris’s idea)
Americans’ views on cannabis continue to normalize, fueling bipartisan support for cannabis legalization. A new poll conducted by progressive data firm Data For Progress suggests marijuana legalization is a winning issue among Republicans. Read more about the Data For Progress poll in Forbes here.
Cannabis customers can now buy marijuana from vending machines in Colorado
Cannabis might be coming to a vending machine near you. In a clear sign of how societal norms are changing, cannabis is appearing in more places than ever before. Watch how this legacy technology is being adapted for the cannabis age in CBS Denver here.