New York, NY—More than 44 million adults (57%) aged 55 and older used cannabis for pain management in 2018, according to a press release from Radius Global Market Research.
The press release is in regards to the results of Radius’ inaugural Cannabis and Hemp Trends Report, which surveyed more than 2,000 adults 18+ nationwide and found that between 2018 and 2019 so far, there has been a significant increase in cannabis and hemp usage. In the U.S., participants were interested in using these products as replacements for prescription medications.
Other findings include:
- 58% of those aged 55 and up said they used for pain management
- 51% of those aged 18-34 said they used for sleeping
- 43% of adults used for mental health
- 29% of adults used to reduce usage of prescription medications
- Men care about brands more than women (62% vs. 55%).
- The higher the income, the more participants tended to agree that additional research was needed
- Those who are married are more likely to use cannabis than those who are not (44% vs. 37%)
In terms of research, there is good news: Charles Broderick, alumnus of both Harvard and MIT, donated $4.5 million to each institution specifically for research into cannabis and hemp usage.
Jill Gress, VP of Radius, said in the release: “Cannabis and hemp usage is increasing with more legalization across the country, but with a billion dollar business on the cusp of exploding into mainstream products, adults are unsure of terminology and lack education. While they are more likely to consider trying, they do want more information and this will need to come from the industry itself.”