Warning: session_start(): open(/opt/alt/php74/var/lib/php/session/sess_d0fb6ad1913abacfdc137ed1b2c97117, O_RDWR) failed: Disk quota exceeded (122) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278

Warning: session_start(): Failed to read session data: files (path: /opt/alt/php74/var/lib/php/session) in /home/useaicwl/public_html/wp-content/themes/mushroomstocks/functions.php on line 278
Cannabis Research Gets a Major Boost From the White House - Mushroomstocks | Mushroomstocks
Albert Labs announces Strategic Investment from Cantheon Capital LLC for First In-Human TrialsMindMed Reports Full Year 2022 Financial Results and Business HighlightsCybin to Participate in the Oppenheimer 33rd Annual Healthcare ConferenceNuminus to Participate in the Sequire Cannabis & Psychedelics Conference on Wednesday, April 5, 2023Braxia Scientific Provides Update on Proposed Irwin Transaction; Company Retains Strategic Clinical Assets and Ketamine Numinus Announces Four Peer-Reviewed Publications from its Chief Clinical Officer in 2023Irwin Naturals Signs Letter of Intent to Acquire Braxia ScientificNuminus Wellness Inc. Reports Q1 2023 ResultsIrwin Naturals and Braxia Scientific Announce Partnership for In-Human Clinical Studies Supporting Pharmaceutical CompanNuminus Develops Mushroom Tea for Use in Psychedelic ResearchIs the Psychedelic Sector Poised for a Comeback?!?PSYC + Nucleus Form New Partnership to Develop and Launch Psychedelic FinderWhat You Need to Know About Numinus Wellness…Numinus provides update on acquisition integration and announces new client financing optionsPSYC Corp’s Psychedelic Spotlight Surpasses One Million Page Views for Fourth Consecutive MonthNuminus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022The Psychedelic Sector is Quietly Outperforming the S&P 500PSYC Completes and Publishes 2021 Audited Financials; Will Begin Audit of Q1 & Q2 2022Numinus to Participate in the H.C. Wainwright 24th Annual Global Investment Conference on September 12-14, 2022PSYC’s Bonfire Platform Development Progresses; Will Host Free Virtual Community Event on August 29th
Back

Cannabis Research Gets a Major Boost From the White House

Jun 22, 2015 • 4:39 PM EDT
!!!!!!.png
3 MIN READ  •  By Michael Berger
Share Share - Facebook Share - Twitter

Since 1999, all privately funded marijuana research studies in the United States have had to go through a Public Health Service review in addition to getting approval from the Food and Drug Administration (FDA), the Drug Enforcement Administration (DEA) and institutional review boards.

Today, the White House took a major step forward to support cannabis research by eliminating the Public Health Service review requirement. Now, the Office of National Drug Control Policy (ONDCP) will help facilitate medical marijuana research.

Bipartisan support for this move

In late May, Smart Approaches to Marijuana presented a plan that aims to ease restrictions on scientific research into marijuana.  The group was co-founded by former United States Congressman Patrick Kennedy and opposes the legalization of marijuana. Their plan called for the following actions:

  • The government will allow multiple entities to grow marijuana for research purposes. 
  • The Department of Health and Human Services will eliminate the lengthy review process associated with marijuana research.
  • The DEA will eliminate certain regulatory requirements for research into cannabidiol (CBD). The DEA will work with states to allow a pure CBD product to be distributed more broadly for research.

A necessary step

Democratic Representative Earl Blumenauer said the following in a press release:

“I hope this action will facilitate easier access to marijuana for medical researchers. Considering the widespread use of medical marijuana, it is absolutely essential that we allow doctors and scientists to research the therapeutic benefits and risks of its use. There is still more to be done to ensure this happens. I am working on legislation to address these issues, and I look forward to working with the Administration and my colleagues in Congress to further increase research.”

Drug czar spokesman Mario Moreno Zepeda said, “The Obama Administration has actively supported scientific research on whether marijuana or its components can be safe and effective medicine. Eliminating the Public Health Service review should help facilitate additional research to advance our understanding of both the adverse effects and potential therapeutic uses for marijuana or its components.”

United States strict policies causing a “brain drain”

Marijuana advocates have said that the federal government’s strict rules on marijuana research have prevented researchers from performing necessary studies in the United States. These strict polices have caused the United States to experience a “brain drain” with regard to scientists interested in learning about the medical benefits associated with marijuana.

Dr. Alan Shackelford moved to Israel after seeing U.S. drug laws block clinical studies into promising applications that treat illnesses which conventional medicine cannot treat. Dr. Shackelford is a Harvard-trained physician who was Charlotte Figi’s doctor.

“I went to Israel because I was frustrated,” he said. “Israel is the one place in the world that combines the scientific expertise, world-class universities and scientists. It’s so exciting.”

Outlook

Currently, 27 states and the District of Columbia have legalized medical marijuana, decriminalized marijuana, or both. Also, 4 states have legalized recreational marijuana and 14 states have legalized a limited form of marijuana by allowing patients access to cannabidiol (CBD).

For the first time ever, the Gallup poll and the General Social Survey found that a majority of the public favors the legalization of marijuana.

Representative Blumenauer recently said that the medical marijuana train has definitely left the station and he could not be more accurate!

 

Share Share - Facebook Share - Twitter

Tags

Authored By

Michael Berger

Michael Berger is Managing Partner of StoneBridge Partners, LLC and Founder of Mushroomstocks.com. Prior to entering the cannabis industry, Michael was an Equity Research Analyst at Raymond James Financial covering the Energy Sector. Michael has been featured in publications such as The Street, Bloomberg, US Money News, and hosts various cannabis events across North America.

Comments

Top Stories

Get the Latest Cannabis News & Stock Picks.

Enter your email below to join the official Mushroomstocks newsletter.

 All good -- no spamming here.

The psychedelics sector is starting to take off as smart money begins to position itself across the industry.

Stay updated with all latest updates,upcoming events & much more.
Subscribe
SUBSCRIBE NOW
close-link

Fatal error: Uncaught ErrorException: md5_file(/home/useaicwl/public_html/wp-content/litespeed/css/d0da23d2d2d9c5de585be757734eb9cb.css.tmp): failed to open stream: No such file or directory in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php:126 Stack trace: #0 [internal function]: litespeed_exception_handler(2, 'md5_file(/home/...', '/home/useaicwl/...', 126, Array) #1 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php(126): md5_file('/home/useaicwl/...') #2 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(797): LiteSpeed\Optimizer->serve('https://mushroo...', 'css', true, Array) #3 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(319): LiteSpeed\Optimize->_build_hash_url(Array) #4 /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimize.cls.php(252): LiteSpeed\Optimize->_optimize() #5 /home/useaicwl/public_html/wp-includes/class-wp-hook.php(310): LiteSpeed\Optimize->f in /home/useaicwl/public_html/wp-content/plugins/litespeed-cache/src/optimizer.cls.php on line 126