420 with CNW – Nearly a Thousand Businesses Sign Letter Asking Congress to Deschedule Marijuana

October 9, 2019 03:20:50

To mitigate the risks linked with vaping products purchased from the illicit markets, hundreds of leaders in the cannabis industry have signed a the letter for the descheduling of marijuana by Congress.

The letter is to be delivered on Thursday to the House and Senate leadership. The letter argues that the recent increases in injuries and deaths related to vaping are because there are no federal regulations on the sale and use of marijuana because marijuana remains to be a federally controlled substance. The injuries and death are a result of people using adulterated and unregulated weed.

The letter states that any death due to marijuana is one too many in the legal state-regulated marijuana industry. Therefore, to curb the illicit market and prevent future risks, the cannabis industry has to employ tools such as uniformity and good manufacturing practices.

The government should provide consumers with accurate and actionable information on the status of the illegal, untested, and dangerous marijuana products in the markets argued NCIA and its co-signers, who include companies such as Weedmaps, Berkeley Patients Group, SPARC, Leafly, and Vicente Sederberg LLP.

In an interview with a media outlet, the NCIA executive director, Aaron Smith, said that the members of Congress should understand that the failed prohibition policies permitting the continued operation of the unregulated underground market is the leading cause of the increase in the outbreak of vaping related illnesses.

He further stated that the regulation of alcohol at the federal and state level is the reason why there are no alcohol-related illnesses. Therefore, to improve state regulatory systems regarding marijuana and allow for comprehensive research on marijuana as well as limit the illicit market, it is essential for Congress to deschedule and regulate marijuana effectively.

To ensure that the citizens are not exposed to dangerous and untested marijuana products, the letter recommends the adoption of five policies.

First, the removal of cannabis from the Controlled Substances Act and start regulating marijuana in a sensible manner similar to that of alcohol. Moreover, make funds available for investigation of the illnesses by medical specialists in the state.

Secondly, to stop production of vaping equipment installed with thickening agents. The manufacturers should issue a recall of any vaping product that has Vitamin E acetate. Furthermore, licensed retailers should countercheck their stock to make sure they have no products containing Vitamin E acetate.

Thirdly, cannabis consumers should stop using vape cartridges obtained from illegal markets and cease future purchases of any vaping cartridges or products.

NCIA said that the other problem facing the industry is the federal regulations that prohibit legal marijuana businesses from forcing black market operators out of business. NCIA also added that the illicit activities would be disrupted and most probably removed from the markets by legitimate weed businesses if marijuana was removed from Controlled Substances Act.

According to Smith, the NCIA is ready to help the lawmakers and regulators ensure the safety of marijuana consumers. Industry analysts are of the view that companies like Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) and Marijuana Company of America Inc. (OTCQB: MCOA) long for the day when the federal government finally acts on all the calls that have been made to reschedule marijuana.

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CNW420.com

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW420? Ask our Editor

Denver, Colorado
303.498.7722 Office