Winning the Hardware Software Game Winning the Hardware-Software Game - 2nd Edition

Using Game Theory to Optimize the Pace of New Technology Adoption
  • How do you encourage speedier adoption of your product or service?
  • How do you increase the value your product or service creates for your customers?
  • How do you extract more of the value created by your product or service for yourself?


Latest Comments

  • Anonymous said More
    The fact that CBD from marijuana is... Sunday, 14 June 2020
  • Anonymous said More
    This was excellent and extremely... Tuesday, 21 April 2020
  • Anonymous said More
    Well written. Well constructed. Tuesday, 13 August 2019
  • Ron Giuntini said More
    As always a good read.
    I have always... Thursday, 25 January 2018

Insights Blog

Cannabis was used medicinally in the Western world from the mid-1800s through 1940, even though doctors did not understand cannabis’s mechanisms of action. The Marijuana Tax At of 1937 Federally banned the use of cannabis in the US for either medical or recreational uses, and it restricted scientific studies of cannabis. Nonetheless, from 1937 through the late 1970s, cannabis research proceeded internationally, as did illegal uses of cannabis for both recreational and medical purposes.

Grass roots activists in the US have been demonstrating to legalize cannabis for medical use at least since the 1970s.[1] Yet, medical cannabis remained uniformly illegal until 1978, when the US Government was legally forced to make medical marijuana available to select patients, initially for use in treating glaucoma, and later for treatment of patients with HIV/AIDS. This compassionate use program was shut down in 1991.[2] The AIDS epidemic and Gulf War ushered in the 1990s. America’s focus shifted away from the War on Drugs and toward medical cannabis and the Middle East. [3] Soon thereafter, in 1996, California legalized cannabis for medical uses within the State. Over the next two and a half decades, 32 more states, together with the District of Columbia, Guam, Puerto Rico and U.S. Virgin Islands, followed California’s lead in legalizing cannabis for medical use.[4]

The AIDs crisis created an urgent, medical rationale for more overt use of medical cannabis. However, it was the discovery of the endocannabinoid system (ECS) during the late 1980s and early 1990s that truly legitimized cannabis for medical use and paved the way for the current flood of medical cannabis research. An influx of new research is discovering the pervasive workings of the ECS in our bodies. These new discoveries provide a glimpse into the tremendous potential of cannabis for enhancing our health and well-being.

This sequence of events begs the question: If medical cannabis research had not been restricted in 1937, would the ECS – together with its wealth of associated health and wellness benefits – have been discovered earlier?

To answer the question, we must examine the state of science and technology during the 20th century. Restrictions on research surely caused difficulties in securing funding and/or cannabis samples for research. And if these restriction were the primary constraints on the advancement of discovery, then we may conclude that the ECS may very well have been discovered earlier than it was. If, however, limitations on advancements in complementary science and technology played a role in delaying the course of discoveries on the ECS, then we cannot conclude that but-for restrictions on cannabis research, the ECS likely would have been discovered sooner.

Write comment (0 Comments)

More Blogs

How Regulations Shape the Cannabis Industry

16-05-2020 - Hits:951 - Ruth Fisher - avatar Ruth Fisher

  The cannabis industry is highly regulated, and the various regulations play a powerful role in shaping the structure, and thus outcome, of the industry. This analysis examines the following questions: How do cannabis market regulations shape market structure? Are the resulting outcomes favorable to suppliers and/or consumers? What are the pros and cons...

Read more

Cannabis Industry Rollouts: Lessons Learned from States’ Experiences

27-04-2020 - Hits:955 - Ruth Fisher - avatar Ruth Fisher

Bart Schaneman from MJ Business Daily recently released, “2020 Cultivation Snapshot: U.S. Wholesale Marijuana Prices & Supply.” The information contained in the report helped cement certain insights I’ve had about the evolution of the cannabis market. Background info In addition to the myriad other laws and regulations, all states essentially have two...

Read more

A Data-Generating System: A Framework for Data Assessment

14-04-2020 - Hits:573 - Ruth Fisher - avatar Ruth Fisher

Suppose I gave you, the Data Analyst, a dataset of information on sales of Ford automobiles, and suppose I told you to use that dataset to predict total national sales of Ford automobiles for next 12 months. What would you want to know about the data you were given? If you...

Read more

Hemp and CBD Market Supply

06-04-2020 - Hits:887 - Ruth Fisher - avatar Ruth Fisher

The information in this post was compiled in an attempt to understand 2 issues: Does the cultivation of hemp differ depending on the hemp product supplied (fiber, seed, or flower)? Is the CBD produced from hemp (cannabis with ≤ 0.3% THC) identical to the CBD produced from marijuana (cannabis with > 0.3%...

Read more

Trends in Cannabis Patents Over Time

08-12-2019 - Hits:1697 - Ruth Fisher - avatar Ruth Fisher

Patent Counts by Year I searched the USPTO patent database for all patents for which the patent abstract contained any of the following terms: cannabis, cannabinoid, marijuana, tetrahydrocannabinoid, or cannabinol. My search yielded 914 patents. As seen in Figure 1, there were only a handful of cannabis patents each year until the...

Read more

Why Is Alcohol Accepted While Cannabis Is Not?

24-11-2019 - Hits:1881 - Ruth Fisher - avatar Ruth Fisher

Alcohol Use In America Cannabis Use In America Prevalence and Social Attitudes What Determines an Activity’s Prevalence? Social Attitudes and Laws Social Acceptance: Alcohol vs. Cannabis Social Narratives vs. Reality The Role of Common Knowledge   Both alcohol and cannabis have been around for thousands of years, and both have been used for recreational, spiritual, and medical purposes. Both...

Read more

Social Development Requires More Than Just New Technology

14-10-2019 - Hits:1024 - Ruth Fisher - avatar Ruth Fisher

This post continues the discussion about what society needs in addition to technology to develop. In my previous entry, The Growth and Development Paradox, I established that Technology enables societies to develop. Foundational technologies have existed for thousands of years. Yet, sustainable development didn’t occur until the Industrial Revolution. Technological development is thus not...

Read more

Cannabis Science and Technology Finally Got Hitched!

03-10-2019 - Hits:886 - Ruth Fisher - avatar Ruth Fisher

The Separate Worlds of Science and Technology Throughout most of human history, science and technology existed within completely separate realms of society. Science, or natural philosophy, fell within the realm of the upper ranks of society. Natural philosophers were “uncommitted to any program of useful knowledge,” developing “abstract speculations about the...

Read more