With this various medical applications are gaining ground. The environmental impact of the natural extraction of cannabinoids from cannabis plants is what will cause this market to grow in the future.
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Leading driver for this market is its use in treating various medical conditions like autoimmune disorders, respiratory ailments, pain management, etc. Cannabinoids in their natural form i.e. cannabis plants, exist in very minimal quantity and are very costly to produce.
Production of 2gm of cannabinoids takes about 10 kg of cannabis plants. And biosynthetic cannabinoids are cost effective in comparison with natural process. Therefore, the large environmental impact of cannabinoid production can act as a driving factor in production of biosynthesized cannabinoids.
However, when looking at the other side of the coin, artificially synthesized cannabinoids have their own set of side effects. It is said to have side effects like paranoia, heart palpitations, extreme anxiety, seizure, etc. which is not the case with its natural counterpart when used for strictly medicinal purposes. This fact can prove to be a pretty big roadblock in its market.
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Modifications in the cannabinoid analogues were noticed after variety of fatty acids were fed to the engineered yeast strains used for study. These modifications were noticed in the molecule that alters the affinity and potency of the binding process of the receptor.
This process promotes a more rigorous study of the resulting compounds and will further assist in developing treatment and management plans for variety of human ailments.
A key factor for our unrivaled market research accuracy is our expert- and data-driven research methodologies. We combine an eclectic mix of experience, analytics, machine learning, and data science to develop research methodologies that result in a multi-dimensional, yet realistic analysis of a market.
According to the Federal Law, cannabis still remains illegal for sale and use. However, in the recent times, cannabis has been legalized for medicinal and recreational purposes under controlled rules and regulations by 36 states in the United States. This important fact that cannabis is attaining legal status will boost the American market at the forefront in production of biosynthetic cannabinoids.
Whereas, Sweden, Latvia, Belgium, etc. have totally banned medical cannabis and one cannot import/buy/sell cannabinoids in any way. Some countries only supply it under certain set guidelines and circumstances making Europe second most important market for cannabinoid biosynthesis.
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