Cannabis Stocks Archives - Page 10 of 16

FridayAug 02, 2024 10:00 am

NTSB Writes to DEA Expressing Concerns about Marijuana Rescheduling

Earlier this month, the National Transportation Safety Board (NTSB) wrote to the U.S. Drug Enforcement Administration (FDA) highlighting its concerns regarding a rule that would reschedule marijuana under the Controlled Substances Act. The board explained that moving marijuana to Schedule 3 would prevent continued testing for cannabis use by transportation employees as labs certified by the U.S. Department of Health and Human Services (HHS) aren’t permitted to test for substances under this category. It implored the DEA to make sure that rescheduling cannabis didn’t compromise employee testing as this would have implications on the certification of school bus drivers. The…

WednesdayJul 31, 2024 10:00 am

States are Finding it Hard to Implement Eco-Regulations for the Cannabis Industry

Businesses in the cannabis industry, similar to other businesses, are required to comply with energy and environmental rules established by their respective states. Such rules may include how to adhere to standards on energy efficiency requiring specific lighting or HVAC equipment, or how to dispose of or treat wastewater. This industry’s huge impact on the environment, particularly the significant use of water and energy, is drawing the attention of regulators. This has prompted some states to enact cannabis-specific environmental regulations in response. States that have taken such action include Illinois, California, New York, Michigan and Massachusetts. A number of towns…

MondayJul 29, 2024 10:00 am

Congress Could Be Quickest Way to Reclassify Marijuana

Earlier this month, the United States Supreme Court thrust cannabis rescheduling into even deeper uncertainty. This comes after the court’s ruling directed that no deference be afforded to how federal agencies interpreted laws when Congress left room for ambiguity. This move may have increased the time it will take to reschedule marijuana because it offered new lines of attack to those what oppose the move. It is expected that the opposition could use the Loper v. Bright ruling, among other attacks, to hinder progress on rescheduling. This comes after President Joe Biden directed that the U.S. Department of Health and…

FridayJul 26, 2024 10:00 am

New Survey Shows Cannabis Could Reduce Prescription Analgesic Use

The state of Ohio legalized the medical use of cannabis in 2016, making it the 25th state in the country to do so. As of March 2024, the state had registered 167,153 patients who were legally allowed to use medical cannabis. Ohio’s medical cannabis program covers 26 eligible conditions, including post-traumatic stress disorder (“PTSD”) and chronic and intractable or severe pain, among others. The program permits cannabis to be sold as edibles, tinctures, oils, plant material and patches in 124 dispensaries across Ohio. Now, a recently conducted survey has discovered that the majority of medical marijuana patients have observed a…

WednesdayJul 24, 2024 10:00 am

State Cannabis Regulators Urge Feds to Provide Clarity Regarding Reclassification

The Cannabis Regulators Association (CANNRA) is requesting that the U.S. Drug Enforcement Administration and Biden Administration offer clarity on how rescheduling cannabis will affect enforcement by the federal government, particularly in legal states. In a public comment to the DEA’s administrator Anne Milgram, CANNRA leaders explained that without federal guidance, territorial and state government agencies would be left guessing and hypothesizing about these dynamics and their possible effects on legal programs regulated by states, and the populations impacted by these programs in various jurisdictions, among other things. CANNRA is an organization that represents hemp and cannabis regulators in more than…

MondayJul 22, 2024 10:00 am

Did Congress Inadvertently Legalize Marijuana in 2018?

Congress federally legalized hemp when it approved the 2018 Farm Bill, making the use of hemp as well as its production legal. Legislators who supported the legalization of this industrial crop expected that it would be used for textiles and nonintoxicating supplements such as shelled hemp seeds and CBD oil. What they didn’t realize, however, was that with some tweaking, hemp could also induce highs when consumed. Currently, individuals in different parts of the country can get high on THC derived from hemp without breaking the law. These hemp-based intoxicants are every bit as strong as compounds derived from cannabis…

FridayJul 19, 2024 10:00 am

Delaware Starts Prepping for Adult-Use Cannabis Market Launch

Last month, legislators in Delaware approved a measure that would allow medical cannabis licensees in the state to apply for conversion licenses to cultivate and sell recreational marijuana. Governor John Carney is expected to sign the measure in the coming weeks. The recently approved measure was sponsored by Representative Ed Osienski, who revealed that cultivation was the most difficult pathway to use to enter the marijuana industry. This, Osienski explained, was because of the larger investments needed to cover the needed infrastructure, such as ventilation and lighting as well as the need for more time for cultivation. This was why…

WednesdayJul 17, 2024 10:00 am

Key Senate Committee OKs Bill Allowing VA Doctors to Recommend Medical Cannabis

The Senate Appropriations Committee has passed a spending measure with an amendment that would allow physicians in the Department of Veterans Affairs to talk about and recommend medical cannabis to patients in states where the drug is legal. This committee approved the marijuana amendment introduced by Senator Jeff Merkley in a voice vote last week. The bill itself provides funding for Military Construction, Veterans Affairs and Related Agencies for the coming fiscal year. During discussions, Merkley stated to the panel that the only healthcare system in the United States where a physician couldn’t discuss medical cannabis with patients in legal…

MondayJul 15, 2024 10:00 am

Red Tape Continues to Hamper Marijuana Legalization Program in Germany

Earlier in the year, Germany became the first large nation in the European Union to legalize the personal recreational use of marijuana. In concrete terms, individuals aged 18 years and older are allowed to be in possession of no more than 25 grams of marijuana for consumption. Under the new law, enthusiasts can also grow three plants in their homes and store no more than 50 grams of dried marijuana in their homes. However, they aren’t allowed to smoke the drug in public. While this is a huge milestone, activists note that red tape has hindered the program from fully…

WednesdayJul 10, 2024 10:00 am

Social Workers Urge Biden to Decriminalize Rather Than Just Reclassify Marijuana

Social workers are pushing for President Joe Biden to fully eliminate marijuana from the Controlled Substances Act (CSA), arguing that there is a need for the drug’s decriminalization. This comes even after the White House proposed that the drug be downgraded to Schedule 3 from Schedule 1. In a letter penned to Biden, 148 social workers explained that cannabis criminalization had torn apart families, mainly affecting communities of color. They called attention to the fact that their profession allowed them to witness the serious harm that cannabis criminalization had caused, adding that cannabis remaining under the CSA would ensure suffering…