Dozens of states may have legalized medical marijuana, but the federal government still classifies cannabis as a Schedule I Controlled Substance with no known medical applications. For years, two federal agencies have clashed over which of them should determine marijuana’s medical potential by running an independent, peer-reviewed study on the potential health benefits of cannabis consumption. With no end to the disagreement in sight, a libertarian think tank has sent a letter to the White House Office of Management and Budget (“OMB”) asking it to clear the issue.
As it stands, the scientific literature used to deny petitions to reschedule the controversial plant does not recognize its medical potential. But with more studies finding that cannabis does have some medical potential and…
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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.
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