Author: CannabisNewsWire (CNW)

About CannabisNewsWire CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge. To receive SMS text alerts from CannabisNewsWire, text “CANNABIS” to 21000 (U.S. Mobile Phones Only) For more information please visit https://www.CannabisNewsWire.com Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

420 with CNW — Marijuana Industry Predictions for 2025

The marijuana industry experienced a sluggish pace of progress in 2024. Efforts to pass cannabis reform measures in Congress fell short, and the DEA delayed rescheduling cannabis as a recognized medicinal substance.

Moreover, voter rejection of recreational cannabis legalization initiatives, including a high-profile defeat in Florida despite almost $150 million spent by multistate operators, suggests that easy reform opportunities may have reached their peak.

However, significant changes are looming. Relief from the burdens of Section 280E taxation appears closer, and with Donald Trump assuming office, he will become the first president to have publicly supported recreational cannabis legalization.

Here are the key developments anticipated in the industry for 2025:

Rescheduling marijuana to Schedule 3

The DEA is expected to finalize the process of rescheduling cannabis as a Schedule III drug this year. Following a May 2024 proposal to alter marijuana’s federal classification, an administrative law judge will issue a decision after hearing extensive arguments. Regardless of the outcome, legal challenges are likely, and the Trump-appointed DEA administrator holds the authority to override the judge’s ruling.

A pro-marijuana presidency?

For the first time since 2017, Republicans will control all three branches of government as Donald Trump begins his term. Many in the cannabis industry are optimistic, citing Trump’s past endorsement of Florida’s recreational cannabis legalization measure during his campaign.

However, his cabinet choices, including Attorney General nominee Pam Bondi—who has previously linked marijuana use to fentanyl addiction—suggest marijuana reform may not be a top priority. Although Trump could push for hearings on marijuana banking reforms, other pressing issues like the border crisis and opioid epidemic may delay significant action until after the 2026 midterms.

Tax battles with the IRS

In a memo last year, the IRS reiterated that marijuana businesses must comply with Section 280E, preventing them from taking typical business deductions. Nevertheless, major operators claimed these deductions, sparking a potential legal showdown that could set critical precedents for the cannabis industry.

California’s tax dilemma

California marijuana businesses owe the state $1.3 billion in taxes, with the excise tax set to rise to 19% this summer unless lawmakers intervene. High tax rates have long driven customers to the illicit market, straining legal operators. As the state faces a $20 billion budget deficit starting in 2026, lawmakers will likely face tough choices.

Tighter controls on hemp-derived THC

Although Congress failed to update the Farm Bill to address the hemp THC loophole, several states, including California, enacted bans on intoxicating hemp products. Many experts believe uniform regulations for THC products are inevitable, though significant federal action may go past 2025.

A Supreme Court showdown

Legal challenges to federal marijuana prohibition are intensifying. Attorneys for Verano Holdings and others argue that federal cannabis laws are unconstitutional, citing a 2005 Supreme Court decision. While lower courts have rejected these arguments, the case is expected to reach the Supreme Court by 2025, potentially setting a landmark precedent.

State-level reforms stagnate

States like Pennsylvania have promised votes on recreational cannabis legalization, but progress remains slow. Recent defeats in South Dakota, North Dakota, and Florida leave state legislatures as the primary avenue for reform, though efforts in states like Minnesota and Delaware are still unfolding at a measured pace.

Cannabis firms like Canopy Growth Corp. (NASDAQ: CGC) (TSX: WEED) will be watching how the U.S. marijuana industry landscape shapes up as the year progresses and the new administration reveals more concrete plans for its stance on this substance.

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CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of an article each business day at 4:20 p.m. Eastern – a tribute to the time synonymous with cannabis culture. The 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. 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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420 with CNW — Oklahoma Lawmakers Table Two Bills to Regulate Medical Cannabis

With the Oklahoma legislative session just a month away, state legislators have proposed two measures to regulate medical cannabis. One bill aims to regulate how much a person can purchase in a week, while the other one focuses on regulating how cannabis dispensaries in the state can advertise their products.

Likewise Cannabis founder Corbin Wyatt shared his thoughts on the significance of medical cannabis for numerous individuals, noting that many patients state that they have been able to quit using strong medications, such as fentanyl, over time. “Their lives have been changed by marijuana,” Wyatt added.

Senate Bill 320, presented by State Senator George Burns, would regulate the weekly amount of medical marijuana that can be purchased by an individual to 2.5 ounces. The bill, filed exactly one month before the session starts, is stirring conversations within the industry, Wyatt noted. Wyatt pointed out that most of the patients rely on being able to buy three ounces of marijuana flower to meet their medicinal requirements.

Right now, licensed patients in Oklahoma are allowed to possess up to three ounces of medical marijuana. However, Senate Bill 320 would lower the weekly maximum amount that a person might purchase if it were to become law. Wyatt voiced doubts about the bill’s efficacy, speculating that it might not succeed in keeping cannabis out of the illegal market. “Imposing what looks like a spurious purchase limit is not the best way to address that issue,” Wyatt stated.

The other measure, also filed this week, Senate Bill 191, sponsored by State Senator Dusty Deevers, takes aim at medical cannabis advertising. The proposed legislation seeks to ban advertisements that claim cannabis is completely harmless or safe. It also includes provisions restricting specific types of advertising by dispensaries.

Wyatt weighed in on the measure as well, referencing certain advertising methods. “Things like flashing signs, flags, banners, or those inflatable tube men,” he explained. Although the bill doesn’t explicitly mention tube men, it does contain language prohibiting any advertising designed to appeal to children or individuals under the age of 18.

Wyatt emphasized the need for better education about medical cannabis. “Instead of focusing on these restrictions, we should teach people what cannabis truly is, when it’s appropriate to use it, and when it’s not,” he said.

The next legislative session is scheduled to begin on February 3. The broader cannabis industry, including entities like Verano Holdings Corp. (CSE: VRNO) (OTCQX: VRNOF), will be hoping that the regulatory framework for the medical cannabis market in Oklahoma is completed in time and the launch of sales is successful so that patients who need these treatments can start legally accessing the products.

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420 with CNW — New York Governor Announces That Legal Cannabis Sales Have Reached $1bn

New York has reached a major milestone in its legal cannabis market, surpassing $1 billion in sales. Governor Kathy Hochul described this achievement as a reflection of the dedication of individuals who have worked tirelessly to build an industry that prioritizes fairness, public safety, and community empowerment.

Another statement from the governor’s office highlighted how this milestone underscores the efforts of communities, entrepreneurs, and consumers in embracing the legal market, further solidifying New York’s reputation as a leader in innovation and equity within the industry.

The Office of Cannabis Management’s (OCM) acting executive director, Felicia A.B. Reid, underlined that the milestone shows the effectiveness of a socially just economic model as well as the high level of consumer demand for legal marijuana.

Regulators also noted that more than half of all licenses for recreational marijuana businesses have been granted to applicants who meet economic and social equity criteria. Many of these businesses are minority- or women-owned, reflecting the state’s commitment to inclusivity.

Tremaine Wright, chair of the Cannabis Control Board, praised this approach, saying it has helped create a thriving market that benefits communities while generating significant economic growth. Wright also pointed out that tax revenue from marijuana sales is reinvested in communities that were disproportionately affected by prohibition, ensuring that these areas receive meaningful support and development.

According to OCM, cannabis use in the state has significantly increased over the last decade. Approximately 19% of residents report using cannabis annually, with 12% saying they use it monthly. Additionally, two-thirds of consumers who used marijuana within the past year purchased their products from legal retailers, showing growing trust in the regulated market.

OCM had earlier predicted that the $1 billion sales mark would be reached by the end of 2024. Officials encouraged residents to support their local communities by purchasing cannabis from licensed retailers.

Despite an initial slow rollout due to legal challenges and other setbacks, the state’s legal cannabis market has gained momentum in recent months. Regulators attribute this progress to the growing number of licensed businesses and a concerted effort to shut down unlicensed shops through initiatives like Operation Padlock in NYC. This enforcement action has led to a 105% increase in sales for licensed retailers, according to a survey by OCM.

Crystal Peoples-Stokes, the majority leader of the State, likened the development of New York’s marijuana industry to a steady process. Quoting the Buffalo Bills coach, she said, “Trust the process.” She praised the solid groundwork laid by the OCM and expressed optimism about the continued growth and refinement of the industry.

The entire marijuana industry, including firms like Tilray Brands Inc. (NASDAQ: TLRY) (TSX: TLRY) is glad that the recreational cannabis program in New York State is finally on a growth trajectory and the results are beginning to show.

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420 with CNW — Latest Scientific Review Finds CBD Has Potential to Treat Depression, with Minimal Side Effects

A recent scientific review highlights increasing evidence that cannabidiol (CBD), a compound found in cannabis, has antidepressant effects on both animals and humans, with minimal side effects. The review also suggests that CBD may contribute to reducing inflammation and encouraging the growth of new brain cells.

According to the study, CBD shows promise as a potential depression treatment. While its antidepressant properties have been noted before, the exact mechanisms driving these effects remain unclear. To address this gap, the paper examines the molecular pathways, safety, and pharmacokinetics profile of CBD.

The study’s authors analyzed recent clinical and experimental studies and found that CBD’s effects are likely linked to its ability to lower inflammation and promote neurogenesis. Regarding how CBD interacts with the body, the researchers explained that its receptor mechanisms are highly intricate. They involve several receptors, such as PPARγ, CB1, 5-HT1A, CB2, and GPR55.

Although the review acknowledges CBD’s potential, it also emphasizes the need for further research into its long-term safety and possible side effects. Recent meta-analyses and systematic reviews generally describe CBD as having a strong safety profile, with only minor side effects, such as diarrhea.

However, the review also points out limitations that hinder CBD’s therapeutic potential. For instance, its limited water solubility and high hydrophobicity make it challenging to use in certain formulations. Furthermore, the therapeutic window may be constrained by CBD’s extremely poor oral-gastrointestinal absorption and its effects, which frequently follow an inverted U-shaped dose-response curve.

Given these challenges and uncertainties around optimal dosing, the authors call for further clinical trials and preclinical studies to refine its application. They stress that this research is vital, as conventional treatments for depression often fall short.

They state that while psychological therapies can benefit many with mild depression, only a small percentage of individuals with major depressive disorder (MDD) receive pharmacological treatments, and around 30% of those patients do not respond to standard interventions.

While emerging therapies like ketamine provide rapid relief for some, they come with risks, including neurological, cardiovascular, and psychiatric side effects. Similarly, electroconvulsive therapy, though effective, can lead to cognitive issues, pain, and anesthesia-related problems.

The review underscores the historical use of marijuana for various ailments and the increasing interest in natural compounds like CBD, which offer therapeutic benefits with minimal side effects. It concludes by stressing the urgency of developing effective and innovative depression treatments.

The studies highlighting the therapeutic potential of cannabis compounds like CBD could give companies like SNDL Inc. (NASDAQ: SNDL) opportunities to develop customized products targeting individuals with symptoms that CBD and other cannabinoids can address.

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420 with CNW — Marijuana Industry in the US Braces for Uncertain Times Under Trump 2.0

The year 2024 began with high hopes for the end of marijuana prohibition in the United States. However, as the year winds down, many of those expectations remain unmet.

“The main issue is reclassification,” stated Alex Halperin, a journalist covering the marijuana industry since 2015 through his newsletter WeedWeek. Rescheduling would remove marijuana from the list of substances federally prohibited under the Controlled Substances Act (CSA).

President Joe Biden had pledged to reform federal marijuana policy during his 2020 presidential campaign, with rescheduling appearing to be the most likely significant step. However, recent developments suggest this change might not occur during his presidency—or at all.

In January, the HHS issued a scientific review recommending marijuana be reclassified from a Schedule 1 to a Schedule 3 substance. This shift would allow marijuana-based medications to gain FDA approval. Acting on this recommendation, the DEA introduced a proposal for rescheduling and opened the matter to public comments in May. Out of over 40,000 responses, 69% favored federal legalization or decriminalization.

Despite this, progress has slowed. Shortly after the public comment period ended, the DEA announced a December hearing to discuss rescheduling. However, the hearing was downgraded to a preliminary discussion and postponed to 2025, further extending the process.

This year’s presidential campaign offered mixed feelings for marijuana advocates. For the first time, both Republican and Democratic candidates expressed support for reform. Vice President Kamala Harris pushed for federal legalization, while Donald Trump endorsed a Florida initiative to legalize adult-use marijuana. Yet these positions have not translated into actionable progress.

Ballot initiatives to legalize recreational marijuana in South Dakota and Florida were rejected, marking the first year since 2017 without new states adopting legalization. Nebraska, however, approved medical marijuana.

Halperin remarked that predicting federal reform under Trump’s administration remains challenging as Republican lawmakers largely oppose legalization, even though younger Republican voters increasingly support it.

While legislative efforts stagnated, parts of the industry saw growth. Delaware and Ohio issued their first licenses for recreational dispensaries after legalization in 2023. Consumption lounges have also gained approval in various regions.

However, concerns over product safety have escalated. In one of his articles, Halperin highlighted the presence of pesticides in regulated marijuana products in California. The exposé spurred further reports on contamination in both marijuana and hemp products, the latter being less regulated and often sold without age restrictions.

In response to growing alarm, the California governor temporarily banned intoxicating hemp goods in September, while New Jersey lawmakers attempted to regulate the market through licensing. However, these measures face legal challenges, further delaying reforms. Meanwhile, federal bills like the SAFE Banking Act, which aimed at improving financial access for marijuana businesses, have also stalled in Congress.

A lot is riding on the policy actions that the incoming administration opts to implement, and those policies could also indirectly affect ancillary firms like Innovative Industrial Properties Inc. (NYSE: IIPR) that serve marijuana plant-touching businesses in different jurisdictions.

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420 with CNW — NORML Analysis Shows at Least 35,000 Studies Were Done on Cannabis in the Last 10 Years

A recent NORML analysis has revealed that over 4,000 scientific papers focusing on cannabis were published globally in 2024. This marks the fourth year that research output has reached this level.

Since 2014, over 35,000 cannabis-related studies have been released, according to NORML. These publications reflect an increasing emphasis on exploring the plant’s therapeutic benefits and the societal impacts of legalization laws.

Paul Armentano, NORML’s Deputy Director, shared insights in a blog post, noting that the past decade has seen an exponential rise in marijuana research. “Contrary to the belief that cannabis lacks sufficient scientific investigation, researchers have significantly deepened their understanding of cannabis, its active compounds, mechanisms, and its effects on users and society,” he stated. He further called on policymakers to shift their focus from uncertainties about marijuana to evidence-based discussions that reflect current knowledge.

NORML’s analysis involved a keyword search on PubMed.gov, a National Library of Medicine resource. The group reported that PubMed now lists over 49,500 scientific articles on cannabis, dating back to 1840. Interestingly, about 70% of these studies were published in the last decade, and over 90% have been added since 2002.

The research output for 2024 slightly trails the record set in 2022 when over 4,300 cannabis-related studies were published. However, the numbers still reflect a consistent upward trend compared to the previous decade, during which 32,000 studies were recorded.

Recent publications explore a variety of topics. For example, some studies highlight how cannabis legalization has reduced the rate of opioid overdose. Others discuss the plant’s ability to alleviate pain as effectively as morphine, and its role in improving the quality of life for patients with conditions like autism, epilepsy, and chronic pain.

Further research examines the effects of legalization on drug prescriptions. One study found that access to medical cannabis in Utah reduced opioid use among pain patients. Another revealed that incorporating marijuana into state prescription monitoring programs led to fewer prescriptions for narcotics.

Scientists have also delved into marijuana’s chemical components, including compounds like terpenes and minor cannabinoids. A study on cannabigerol (CBG) suggested it could help treat various conditions, including cancer and inflammation.

These studies represent just a fraction of the ongoing research into marijuana’s scientific, cultural, and legal dimensions as legalization continues to expand across the U.S., and federal reforms remain a topic of discussion in Congress. Industry actors like Curaleaf Holdings Inc. (CSE: CURA) (OTCQX: CURLF) hope that this growing body of scientific literature on marijuana helps to shape future drug policy in different jurisdictions.

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420 with CNW — Could the Growing Popularity of THC Drinks Push Alcohol Out of the US Market?

New laws in the United States are making it possible to include THC in beverages, offering what some see as a potential alcohol alternative. While this development is being met with optimism by some, others believe its benefits may vary.

Policies enabling the sale of THC-infused drinks are becoming more common, often placing them in venues that sell alcohol. Minnesota, for instance, passed legislation last year permitting the sale of THC beverages in liquor establishments, and these products have since started appearing across the country.

The 2018 Farm Bill included a loophole that lifted federal prohibitions on hemp-derived products with trace amounts of delta-9 THC. Since 2019, Texas has been licensing establishments to sell hemp products, including liquor stores and bars.

Connecticut implemented a law that confines the sale of THC drinks to licensed dispensaries and liquor stores. Meanwhile, in states without explicit regulations, retailers like Total Wine and More have begun selling these beverages in regions where they are not specifically prohibited.

The popularity of alcohol alternatives has been growing steadily. Yet, whether THC drinks will gain acceptance as a lasting replacement for alcohol or remain a novelty remains uncertain.

Meenakshi Subbaraman, a researcher at UC Berkeley’s Public Health Institute, has studied the possibility that marijuana could aid those who suffer from alcoholism in cutting back on their use. According to her research, marijuana satisfies the majority of requirements for a suitable alternative. However, substituting THC beverages for alcohol’s social component presents a special difficulty.

Subbaraman points out that people who successfully switch from alcohol to marijuana often do so for specific reasons, such as managing pain, improving sleep, or reducing alcohol intake intentionally.

THC beverages often take longer to produce noticeable effects, sometimes exceeding an hour, unlike alcohol. Manufacturers are investing in nanoemulsion technology to shorten this time.

Marijuana and alcohol share similar risks, including impaired driving. As more cities allow marijuana consumption lounges, managing intoxicated driving may become a significant issue. For instance, The Artist Tree, a California-based dispensary with two lounges, trains staff to recognize intoxication, cut off customers if necessary, and even help them arrange transportation. Despite these efforts, marijuana lounges face stricter regulations and higher taxes compared to businesses selling hemp-based THC drinks.

Another obstacle is price. A six-pack of THC beverages starts at around $30, making them less accessible for casual or frequent occasions, such as tailgating events. It is now up to marijuana players like Cresco Labs Inc. (CSE: CL) (OTCQX: CRLBF) to assess the long term market prospects of THC drinks and if they find it a viable line, find innovative ways to bring down the current price of these products.

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420 with CNW — Study Explores the Ethical Complexities Linked to Undertaking Marijuana Research Funded by Industry Actors

Researchers from the Center for Addiction and Mental Health (CAMH) are exploring the ethical implications of marijuana research that’s largely funded by actors with industry interests. Prior to the recent wave of state-level legalization, studying the potential risks and benefits of marijuana was practically impossible, making the recent rush of cannabis-related studies even more important for the fledgling cannabis market.

These studies give us a glimpse into marijuana and how its use affects humans, particularly in the long term. However, a lot of cannabis research is conducted by actors who stand to make financial gains if the research yields positive results, raising questions on the ethics of marijuana research that’s mostly funded by a for-profit cannabis sector.

Titled ‘Canadian cannabis researcher perspectives on the Conduct and Sponsorship of Scientific Research by the for-profit Cannabis Industry,’ the CAMH study was published in the journal Social Science & Medicine. It found that although researchers are pushed by their need for high-quality research and commitment to helping maintain public health, they are regularly forced into industry partnerships due to systemic barriers.

The study notes that the challenges that push scientists into industry partnerships point to the structural problems that need systemic solutions.

Cannabis research often involves medical conditions that typically don’t respond to conventional treatments and have a notable impact on quality of life. Many of the researchers involved in marijuana research are committed to research efforts that improve people’s lives by advancing our knowledge of the human body and new medications.

CAMH researchers ran a series of 38 interviews with clinicians, academic researchers, and peer researchers from across Canada. Unfortunately, many of them say marijuana’s controlled status at the federal level and the structural barriers arising from its status often force them to make difficult decisions regarding conflict of interest, agenda bias, and scientific integrity.

Some of the study’s considerations included increasing transparency regarding cannabis industry funding, ensuring industry interests don’t influence research agendas, and limiting reliance on the cannabis industry for research funding. Researchers also suggested the implementation of institutional policies that ensure research integrity and independence regardless of the source of funding.

This includes providing concise guidelines that encourage collaborations that benefit public health and manage conflicts of interest effectively. As America’s state-level cannabis industry expands and more people gain access to the drug, such guidelines will be critical to safeguarding the integrity of marijuana research and making sure it is in line with public health goals.

While there are some ethics risks linked to conducting cannabis research sponsored by industry actors, many firms like Aurora Cannabis Inc. (NASDAQ: ACB) (TSX: ACB) are often interested in uncovering the truth about the effects of this substance so that they can leverage their findings for commercial gain. It would therefore be counterproductive in the long run if they twisted the truth since it would only be a matter of time before any fraud is exposed.

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420 with CNW — Survey Suggests Most American Teens Are Shunning Alcohol, Tobacco, and Marijuana

Drug use in teenagers has not returned to pre-pandemic levels, according to findings from a recent survey.

This year, nearly two-thirds of high school seniors reported abstaining from e-cigarettes, cannabis, alcohol, or cigarettes over the past month. This marks the highest abstinence rate since the annual nationwide survey began tracking this data in 2017.

Additionally, 80% of students in grade 10 said they had not used any of these substances recently, setting another record. Ninety percent of those in grade 8 said they did not use any of the substances, which is the same percentage as in the prior study.

The only notable rise in substance use was in nicotine pouch consumption, with approximately six percent of high school seniors using them in the past year, up from about three percent in 2023. However, it’s uncertain if this indicates the start of a larger trend. Richard Miech, the lead researcher for the survey conducted by the University of Michigan, commented, “It’s difficult to determine whether this is the beginning of a broader issue or not.”

The Monitoring the Future, funded by the federal government, has been collecting data since 1975. This year’s results are based on responses from roughly 24,000 students in grades 12, 10, and 8 across the U.S.

During the pandemic, schools shifted to remote learning, and gatherings like parties were discouraged. With teens staying home under parental oversight, experimentation with substances dropped significantly. Experts suggest that peer pressure, often experienced in group settings, plays a key role in initiating substance use.

When restrictions were lifted, many anticipated a partial return to previous levels of use. However, even before COVID-19, rates of drinking, smoking, and the use of certain drugs had been declining. Analysts attributed this trend to teenagers spending more time at home and connecting with peers through smartphones rather than in social gatherings, where substance use might occur.

Interestingly, cannabis and vaping, which had been increasing before the pandemic, also saw declines during this period—declines that have persisted since. Some analysts speculate that the lockdowns disrupted a cycle where older students introduce substances to younger ones. Teens who were in grade 9 during the pandemic may have missed opportunities to experiment, which also limited their influence on younger peers, according to Miech.

Mental health might also have contributed. Reports of anxiety and depression surged among teens during the pandemic. While depression can sometimes lead to substance use, some anxious teens avoid drugs, fearing their effects.

This survey dampens prohibitionists’ argument that legalizing marijuana and licensing companies like Trulieve Cannabis Corp. (CSE: TRUL) (OTCQX: TCNNF) would result in a spike in underage users of this substance.

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420 with CNW — South Carolina Legislator Files Bill to Legalize Medical Marijuana

A senator in South Carolina has proposed a measure aimed at legalizing medical marijuana for individuals suffering from certain medical conditions. The measure was pre-filed by Senator Tom Davis (R) in preparation for next year’s legislative session.

The legislation closely mirrors earlier legislation introduced by Davis that gained approval in the state Senate earlier in the year but failed to progress in the House of Representatives. If passed, it would allow patients diagnosed with specific debilitating or terminal conditions to access medical marijuana. Conditions covered under the bill include Crohn’s disease, cancer, multiple sclerosis, epilepsy, PTSD, and terminal illnesses where patients are expected to have less than a year to live. It also applies to chronic conditions typically treated with opioids.

Patients would need a recommendation from a licensed physician to access medical cannabis. However, the legislation explicitly prohibits the smoking of marijuana and its home cultivation. The state Department of Public Health, in coordination with the Board of Pharmacy, would be responsible for creating regulations regarding the cultivation, distribution, licensing, and oversight of medical marijuana businesses.

The proposed regulations include strict labeling and packaging requirements, particularly to ensure products do not appeal to children.

Local governments would retain the authority to regulate or prohibit the operation of medical marijuana in their jurisdictions. Cities, towns, and counties could also impose specific restrictions, such as limiting the number of marijuana businesses or setting operational hours.

According to Attorney David Ullian of Vicente LLP, a nationwide legal practice that focuses on psychedelics and cannabis, South Carolina has encountered many obstacles in its efforts to legalize cannabis. Ullian pointed out that despite the state’s robust public support for legalization, legislative action has been sluggish. It is unclear if the present plan will receive the required approval to become law because a previous version of this legislation cleared the Senate but stalled in the House.

Ullian noted that South Carolina residents have waited a long time for access to tested and regulated marijuana for managing their medical symptoms. He believes that passing the bill would provide them with a safe and legal way to obtain the treatment they need.

Senator Davis hopes the narrow focus and conservative approach of the measure will persuade hesitant members of the House to support it. The bill mandates physician oversight for patient authorizations and requires pharmacists to handle cannabis distribution, which Davis says aligns with what South Carolinians prefer.

Marijuana firms like TerrAscend Corp. (TSX: TSND) (OTCQX: TSNDF) will be hoping that this time round, lawmakers in South Carolina pass a medical marijuana law so that patients who need these treatments can access them legally.

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