With booming trends in the healthcare industry, India is being hailed as the ‘Pharmacy of the World’ post pandemic as it is now the world’s largest generic medicine provider. It supplies 40% of the generic demand in the United States, 25% of all medicine demand in the United Kingdom and over 50% of global demand for vaccines. In fact, Indian pharmaceuticals are largely pursuing varied methods towards revolutionary drug discovery.
The traditional medicine systems of India have been always active in meeting this huge global need and Ayurveda is one such system. While Ayurveda is one of the oldest and most rapidly growing systems of this huge pharmacy, part of it is as therapeutic as it is outlawed in India.
Cannabis, also known as Bhang or hemp, has been traditionally used by Ayurveda to treat headaches, anxiety, digestive problems and known to be relieving nerve pain, arthritis, insomnia and piles. Its leaves, stems, flowers and seeds are highly useful as it contains two molecules namely THC (tetrahydrocannabinol, the psychoactive component which provides the sense of intoxication), and CBD (cannabidiol).
Indian CBD oil is now emerging as a replacement for hefty chemical drugs, is legally manufactured in India under a license issued by the Drugs and Cosmetics Act, 1940 and consumed in India at a very large scale due to its medicinal properties.
Medical Benefits Of CBD oil
Insomnia: CBD acts with the Hypothalamus to regulate stress and equalizing sleep and wake rhythm via counteracting hormones.
Anxiety: Anxiety is caused due to blockage of CB1 receptors that are present in the amygdala region of the brain. CBD activates these receptors, hence alleviating anxiety.
Pain: CBD can boost anandamide levels in the body, a chemical linked to pain regulation, which can lower pain perception and boost mood.
Cancer: CBD oil has shown promising results in enhancing the efficacy of chemotherapy drugs. But more research is being conducted on the same.
Many people are definitely uncomfortable due to the legalization issues of Cannabis, but rising issues of mental health like anxiety and depression have increased the reliability of CBD. Moreover, its significance in the treatment of skin problems and acne is boosting its demand in the pharmaceutical sector. According to industry forecasts, the worldwide CBD market will exceed USD 47.22 billion by 2028, increasing at a CAGR of more than 21%.
The CBD oil is now easily available online without a proper prescription from a doctor. The WHO (World Health Organization) itself has advocated its exclusion from Single Convention since it “does not contain psychoactive qualities and has no potential for misuse and no ability to induce dependency”.
Various businesses, including food and beverage, personal care and cosmetics, and medicines, are capitalising on these trends and expanding their offers to spur market development.
How CBD oil consumption is boosting?
According to one research, four out of every ten employees in India suffer from high levels of burnout and anxiety, and as a result, they are more likely to use CBD oil to induce sleep naturally and boost mood.
Each year, arthritis affects around 14% of Indians. CBD oil’s anti-inflammatory and pain-relieving qualities encourage reliance.
Despite several challenges faced by the Cannabis industry, CBD oil is expected to expand growth in Indian markets due to its vivid medical properties and ease of use. The cannabis industry is still in its early stages, but it has significant development potential since it has the ability to provide more advantages to individuals, governments, and businesses in the future.