On the contrary, it allows for small (but) licensed businesses to compete with Big Pharma. No patents, no monopoly. Moreover the decision to place it as a Class I drug was a political initiative to begin with and accounts for the lack of in-depth study of the beneficial properties, as well as possible detrimental side-effects.
Apparently, in Europe they are way ahead of the curve.
Amsterdam, Holland. has a yearly marijuana convention, where many different strains are displayed, from medicinal (low THC, high CBD content) use and also strains of (high THC, low CBD content) for recreational use. Some strains have pleasant relaxing properties allowing you a restful sleep and some strains (sativa) have pleasantly stimulating properties, often used for artistic and other creative purposes..
As I understand it, marijuana is used in Dutch long term care homes (such as for the elderly) to combat depression and/or chronic pain. Seems no one has ever died from an overdose of marijuana.
So pharmas have no business being involved in marijuana .
Agreed