In 1992 the discovery of the first endogenous ligand of cannabinoid recepto
rs, anandamide, provided conclusive support to the hypothesis that an "endo
genous cannabinoid regulatory system" exists in mammalian nervous tissue. A
nandamide (N-arachidonoyl-ethanolamine) was the first of a series of long-c
hain fatty acid derivatives, including two other polyunsaturated N-acyletha
nolamines and 2-arachidonoyl-glycerol, found to exert cannabimimetic proper
ties in either central or peripheral tissues. Here we review the current kn
owledge on the biochemical bases of the formation and inactivation of endog
enous cannabinoid ligands as well as of their interaction with cannabinoid
receptor subtypes. (C) 1998 Academic Press.