420 with CNW — Daily Marijuana Use Has Now Overtaken Alcohol Use in the US

According to a recent survey, the number of Americans who use marijuana daily or almost daily has increased relative to those who use alcohol at the same frequency. The findings, which have been published in the “Addiction Journal,” are based on information gathered over the previous 40 years by the National Survey on Drug Use and Health.

According to the report, 17.7 million people used cannabis daily in 2022, overtaking the 14.7 million people who drink alcohol every day for the first time. Although alcohol is still consumed more frequently overall, the survey shows that daily cannabis consumption has significantly increased over the past few decades.

In particular, there was a 15-fold increase in the number of individuals consuming cannabis every day, or almost every day, between 1992 and 2022. Less than a million people reported using it frequently in 1992, which was the lowest number since the survey’s inception in 1979.

The chief medical officer of the medicinal cannabis startup EO Care, Dr. Brooke Worster, noted that although there are more users now for a variety of reasons, more people are freely confessing to using cannabis as a result of the stigma around it being lessened. According to Worster, the rates haven’t changed as drastically as the survey suggests.

She also noted that more than the previous 20 years, the legal marijuana market has expanded dramatically, drawing a wide variety of users, including a large number of senior citizens.

Currently, 24 states and DC allow the recreational use of cannabis, and 38 states allow it for medical use. Despite this, the federal government has been hesitant to decriminalize or fully legalize cannabis nationally.

However, a major shift occurred recently when the U.S. Department of Justice (DOJ) moved to reclassify marijuana from Schedule I of the the Controlled Substances Act (CSA) to Schedule III. President Joseph Biden acknowledged the need for reform, stating that too many lives have been destroyed by a misguided approach to cannabis.

Worster also addressed the misconception that cannabis acts as a “gateway” drug leading to the use of more dangerous substances. Decades of medical research have debunked this myth, showing that the majority of marijuana users do not progress to harder substances. Nonetheless, she cautioned that young adults and users of high-potency cannabis products are at higher risk of developing marijuana-use disorder.

Marijuana-use disorder can result in serious health and social problems that affect a person’s safety and quality of life, but it does not cause organ destruction or death such as opioid and alcohol-use disorders do.

The increasing daily use of marijuana by Americans suggests that licensed entities such as Tilray Brands Inc. (NASDAQ: TLRY) (TSX: TLRY) could potentially see their sales grow steadily as more people become comfortable about using marijuana either for medicinal or recreational purposes.

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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