If a recommendation by the nation’s top health agency to reclassify marijuana is adopted, the drug could gain wider acceptance as a medical treatment, pot businesses could see their bottom line boosted and a path toward national legalization could be charted, experts said Thursday.

The Department of Health and Human Services this week recommended that marijuana be removed from the category reserved for the riskiest drugs, such as heroin and LSD, and moved to one for certain prescription drugs. The decision to reclassify marijuana ultimately resides with the Drug Enforcement Administration, which could take months to complete its evaluation.

The nonprofit Veterans Cannabis Project has long pushed for veterans to get broader access to marijuana to treat post-traumatic stress disorder, depression and chronic pain. Its founder said the HHS recommendation to loosen restrictions offers hope that the federal government will signal that marijuana has medical value.

“This is huge,” Nick Etten, founder of the veterans’ group, said. “This is what we have been working toward for years.”

While the measure would stop short of full national legalization as many had hoped, it has the potential to help struggling cannabis companies in states where marijuana is legal and could remove barriers to scientific research into the health benefits of the drug, experts…

MMP News Author

Source link

You May Also Like

Arizona tried adding equity into marijuana licensing. Dispensary chains still took over – Cannabis Business Executive – Cannabis and Marijuana industry news

Arizona tried adding equity into marijuana licensing. Dispensary chains…

CBD Punjab celebrates Independence Day – Pakistan – Medical Marijuana Program Connection

LAHORE: Punjab Central Business District Development Authority (PCBDDA), also known as Central…

Rapper Fetty Wap sentenced to 6 years in prison for selling cocaine

Rapper Fetty Wap was sentenced on Wednesday to six years in prison after pleading guilty…

Medical marijuana gets approval to distribute to residents in Georgia – Cannabis Business Executive – Cannabis and Marijuana industry news

Medical marijuana gets approval to distribute to residents in…