On May 23, 2018, we published revised versions of our Privacy Policy and User Agreements. Please read these updated terms and take some time to understand them. Your use of our services is subject to these revised terms.
Yes, I Agree.

420 with CNW — Congress to Vote on Cannabis Research Bill

The House of Representatives will be voting on a federal cannabis reform measure this month. The bill will allow researchers to study marijuana from businesses in the state that are legal, which promotes research into cannabis.

This comes after the chamber passed a bill to legalize cannabis federally last week, with members now focusing on the Medical Marijuana Research Act. The bill has been amended a few times and needs a two-third majority to be approved. The legislation’s bipartisan nature and its sponsorship from Rep. Andy Harris and Rep. Earl Blumenauer may help the bill get the go-ahead.

The original draft of the proposal cited that researchers were allowed to obtain cannabis from private manufacturers that were federally approved. The committee, however, amended this to expand access to dispensaries in the state that are legal.

The bill states that there’s no limit to the number of entities that can register to be allowed to grow cannabis for research purposes. The bill also requires that the Department of Health and Human Services turn in a report to Congress, five years after the bill has been enacted to propose whether they authorize the rescheduling of cannabis under federal law, in addition to reviewing the results of the federal marijuana studies.

The Drug Enforcement Agency would also be mandated to approve applications for cultivation for research purposes in a year of the bill being enacted. This would help move along valuable marijuana research that had been impeded by the agency.

The version of the bill that will be voted on has also included clauses that state that both the attorney general and the Department of Health and Human Services will be required to develop a process for cannabis distributors and manufacturers to supply researchers with marijuana from dispensaries. Both bodies will have a year after the bill has been approved to create the procedure and are required to begin meeting within 60 days of the bill’s approval.

The Department of Health and Human Services will still be required to give guidance on issues related to the use of cannabis from any authorized cannabis program in the state.

The cannabis research bill had been on the floor schedule and was to be introduced in September. However, it was removed citing a clerical error.  In January, an Energy and Commerce subcommittee hearing that was requested by four  GOP legislators had federal drug and health officials, including officials from the DEA, admit that the supply of marijuana that was used for research purposes was inadequate. They added that researchers should be able to access a broad spectrum of cannabis products.

Meanwhile in Canada where cannabis is legal across the country, various firms are thriving. For instance, Pure Extracts Technologies Corp. (CSE: PULL) has excelled at extracting marijuana compounds not just for in-house use but also for other regulated players in the market both in and outside of Canada.

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

CannabisNewsWire420
Denver, Colorado
http://www.CNW420.com
303.498.7722 Office
Editor@CannabisNewsWire.com

CNW420 is part of the InvestorBrandNetwork.

Archives

Select A Month

Official NewsWire Relationships

Alternative Products Expo Benzinga Cannabis Capital Conference Cannabis Business Summit & Expo 2019 Cannabis Drinks Expo Cannabis World Congress & Business Exposition MjMicro Conference New England Cannabis Network O'Cannabiz Conference & Expo

CannabisNewsWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Doge Coin

Dogecoin

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722