Cannabis Linked to Decreased Use of Opioids: This Week in Cannabis Investing

A federally funded study found that cannabis can help reduce opioid cravings and abuse.

cannabis gummies and marijuana plant
(Image credit: Getty Images)

A federally funded study has highlighted one of the many benefits cannabis provides. From December 2019 through November 2021, researchers at the British Columbia Centre on Substance Use and the University of California, Los Angeles surveyed 205 people who used cannabis and opioids without a prescription. Through their survey, researchers learned that nearly 60% of respondents used cannabis to reduce opioid cravings. Further analysis showed that the cannabis use of those surveyed "was significantly associated with self-reported reductions" in opioid use.

"Increasing the accessibility of cannabis products for therapeutic use may be a useful supplementary strategy to mitigate exposure to unregulated opioids and associated harm during the ongoing drug toxicity crisis," the authors of the study wrote.

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Morgan Paxhia
Contributing Writer

Morgan Paxhia is Managing Director and Co-Founder of Poseidon Investment Management. With over 10 years experience in investing and finance, Morgan has developed a deep understanding of individual company analysis, portfolio construction, and risk mitigation. This content is not intended to provide any investment, financial, legal, regulatory, accounting, tax or similar advice, and nothing should be construed as a recommendation by Poseidon Investment Management, LLC, its affiliates, or any third party, to acquire or dispose of any investment or security, or to engage in any investment strategy or transaction. An investment in any strategy involves a high degree of risk and there is always the possibility of loss, including the loss of principal. This content should not be considered as an offer or solicitation to purchase or sell securities or other services. Any of the securities identified and described herein are for illustrative purposes only.  Their selection was based upon nonperformance-based objective criteria. The content presented is believed to be factual and up-to-date, but we do not guarantee its accuracy and it should not be regarded as a complete analysis of the subjects discussed. Past performance is not indicative of future results.

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