Bill going before congress again-to remove cannabis from federal controlled subtance act

[Dividedsky]

Sorry I know this probably wrong place to post this, but this is the area were I frequent the most on riu so whatever, plus I do wonder how it will affect seeds and strain biz..
So in USA a bill that went before congress this summer to basically make cannabis federally legal/ take it off controlled substance list will be going before congress this month, still has to make it past senate which is unlikely. Most people haven't heard about this or know very little about bill because of the election and obviously covid taking up most news cycle these days. Otherwise this is very historic news and shows how far we have come. I wanted to see what you all thought of a bill passing to make marijuana basically in a nutshell-federally legal. How it would effect prices of flower, smaller biz, like dispensaries? I feel like I've even seen breeders almost trying to copyright or license their own strains, I wonder if this has to do with them seeing the writing on the wall in years to come. Also with the possibility of the banks opening up to marijuana business, the whole landscape of the market could truly change, with big agriculture getting involved.

I know there will always be a huge demand for high end boutique flower and mj products but with a being federally legal it would drastically change the whole marijuana market on a massive scale.

 

[JoeBlow5823]

Sorry I know this probably wrong place to post this, but this is the area were I frequent the most on riu so whatever, plus I do wonder how it will affect seeds and strain biz..
So in USA a bill that went before congress this summer to basically make cannabis federally legal/ take it off controlled substance list will be going before congress this month, still has to make it past senate which is unlikely. Most people haven't heard about this or know very little about bill because of the election and obviously covid taking up most news cycle these days. Otherwise this is very historic news and shows how far we have come. I wanted to see what you all thought of a bill passing to make marijuana basically in a nutshell-federally legal. How it would effect prices of flower, smaller biz, like dispensaries? I feel like I've even seen breeders almost trying to copyright or license their own strains, I wonder if this has to do with them seeing the writing on the wall in years to come. Also with the possibility of the banks opening up to marijuana business, the whole landscape of the market could truly change, with big agriculture getting involved.

I know there will always be a huge demand for high end boutique flower and mj products but with a being federally legal it would drastically change the whole marijuana market on a massive scale.

It will never be legal to the point of "you can fill your back yard with as many plants as you want". There will always be security requirements, production limits, etc etc. Same with alcohol. You can only legally brew like 50 gallons of beer or wine per year. Prices will be largely unaffected.

 

[Dividedsky]

It will never be legal to the point of "you can fill your back yard with as many plants as you want". There will always be security requirements, production limits, etc etc. Same with alcohol. You can only legally brew like 50 gallons of beer or wine per year. Prices will be largely unaffected.

Ya obviously dude, don't think prices will be largely unaffected in longterm, I just don't agree with that looking at from a strictly financial and business standpoint. If it could be dispensed somewhat like alcohol, obviously not the same business model but its what I sometimes think of as a good analogy- you'll have your fine wines/boutique flower which will still fetch top dollar with certain strains and how exclusive they are. With banks opening up to big biz/big agriculture to dip there toes in the marijuana business think prices would eventually drop especially on commercial product, which in turn would cause even higher end products to be competitively priced since there will be alot more players in the market.

 

[CikaBika]

(CNN)A United Nations commission has voted to remove cannabis from a list that categorized it as one of the most dangerous drugs -- a move that recognizes the plant as having medicinal value.
The UN Commission on Narcotic Drugs approved a recommendation from the World Health Organization on Wednesday to remove cannabis and cannabis resin from its Schedule IV classification under the 1961 Single Convention on Narcotic Drugs. That designation put cannabis and one of its derivatives in a category alongside heroin and other opioids.
Substances classified as Schedule IV are a subset of Schedule I drugs. That means not only are they considered to be "highly addictive and highly liable for abuse," they're also labeled as "particularly harmful and of extremely limited medical or therapeutic value."
"This is welcome news for the millions of people who use cannabis for therapeutic purposes and reflects the reality of the growing market for cannabis-based medicinal products," a group of drug policy advocacy organizations said in a news release.
Wednesday's vote means that cannabis and cannabis resin are no longer classified as among the most harmful substances and are acknowledged as having medical benefits. But they'll still be subject to restrictions under the Schedule I category.
"We welcome the long overdue recognition that cannabis is a medicine," Ann Fordham, executive director of the International Drug Policy Consortium, said in a statement. "However, this reform alone is far from adequate given that cannabis remains incorrectly scheduled at the international level."
The move is largely symbolic, and may not have an immediate impact on how governments control scheduled substances. But it could give a boost to medical cannabis legalization efforts in countries that look to the United Nations for guidance.
The commission voted 27-25 to reschedule cannabis and cannabis resin. The United States, the United Kingdom, Germany and South Africa were among those who voted in favor, while countries including Brazil, China, Russia and Pakistan voted against.
Members also rejected other four other recommendations from WHO about cannabis and its derivatives, which included removing extracts and tinctures of cannabis from Schedule I status and classifying a psychoactive component of cannabis, tetrahydrocannabinol, or THC.
Alfredo Pascual, an analyst for the trade publication Marijuana Business Daily, said in a news release that "the message that the removal from Schedule IV sends cannot be overstated."
He added, "It's an implicit acknowledgement of its therapeutical utility and that marijuana is not as dangerous as believed about 60 years ago."
CNN's Nadia Kounang contributed to this report.

 

[mysunnyboy]

(CNN)A United Nations commission has voted to remove cannabis from a list that categorized it as one of the most dangerous drugs -- a move that recognizes the plant as having medicinal value.
The UN Commission on Narcotic Drugs approved a recommendation from the World Health Organization on Wednesday to remove cannabis and cannabis resin from its Schedule IV classification under the 1961 Single Convention on Narcotic Drugs. That designation put cannabis and one of its derivatives in a category alongside heroin and other opioids.
Substances classified as Schedule IV are a subset of Schedule I drugs. That means not only are they considered to be "highly addictive and highly liable for abuse," they're also labeled as "particularly harmful and of extremely limited medical or therapeutic value."
"This is welcome news for the millions of people who use cannabis for therapeutic purposes and reflects the reality of the growing market for cannabis-based medicinal products," a group of drug policy advocacy organizations said in a news release.
Wednesday's vote means that cannabis and cannabis resin are no longer classified as among the most harmful substances and are acknowledged as having medical benefits. But they'll still be subject to restrictions under the Schedule I category.
"We welcome the long overdue recognition that cannabis is a medicine," Ann Fordham, executive director of the International Drug Policy Consortium, said in a statement. "However, this reform alone is far from adequate given that cannabis remains incorrectly scheduled at the international level."
The move is largely symbolic, and may not have an immediate impact on how governments control scheduled substances. But it could give a boost to medical cannabis legalization efforts in countries that look to the United Nations for guidance.
The commission voted 27-25 to reschedule cannabis and cannabis resin. The United States, the United Kingdom, Germany and South Africa were among those who voted in favor, while countries including Brazil, China, Russia and Pakistan voted against.
Members also rejected other four other recommendations from WHO about cannabis and its derivatives, which included removing extracts and tinctures of cannabis from Schedule I status and classifying a psychoactive component of cannabis, tetrahydrocannabinol, or THC.
Alfredo Pascual, an analyst for the trade publication Marijuana Business Daily, said in a news release that "the message that the removal from Schedule IV sends cannot be overstated."
He added, "It's an implicit acknowledgement of its therapeutical utility and that marijuana is not as dangerous as believed about 60 years ago."
CNN's Nadia Kounang contributed to this report.

I’m medical now. In Florida that’s all we’ve got. But I really do think of it as necessary now after smoking it for 40 years.

We’re being raped here. The prices are through the roof and stock is always low.

It helps better than most of the 17 scripts that I take.

It’s got to be legal federally in order for insurance companies to pay for it.

They’ll pay $5000 for a 40 mg pen of Humira but not medical marijuana. Makes absolutely no sense to me.

 

[Dividedsky]

I’m medical now. In Florida that’s all we’ve got. But I really do think of it as necessary now after smoking it for 40 years.

We’re being raped here. The prices are through the roof and stock is always low.

It helps better than most of the 17 scripts that I take.

It’s got to be legal federally in order for insurance companies to pay for it.

They’ll pay $5000 for a 40 mg pen of Humira but not medical marijuana. Makes absolutely no sense to me.

Well I just going to go on a hunch here but I believe big pharma always wanted to keep marijuana illegal> they know the marijuana actually helps people. It helps people regain their appetite and eat with diseases like HIV/aids and cancer. Helps people in debilitating pain with muscle spasms,etc. You can most likely link big pharma lobbyist to funding the drug war. You know if a plant actually helps people, you know what people will likely do? Not take as much pills... and big pharma can't have that--->that will for sure fuck up their quarterlies . Plus they can't control the cannabis market as much as rx drugs, because we can use the sun and grow our own medicine in our backyard and snag some hids/leds and grow in our basements. One thing the rules supreme in this great country of ours....is $$$

 

[kovidkough]

copy right will be tricky you could easily copy someone else's genes and market it as yours. it already happens

 

[mysunnyboy]

Well I just going to go on a hunch here but I believe big pharma always wanted to keep marijuana illegal> they know the marijuana actually helps people. It helps people regain their appetite and eat with diseases like HIV/aids and cancer. Helps people in debilitating pain with muscle spasms,etc. You can most likely link big pharma lobbyist to funding the drug war. You know if a plant actually helps people, you know what people will likely do? Not take as much pills... and big pharma can't have that--->that will for sure fuck up their quarterlies . Plus they can't control the cannabis market as much as rx drugs, because we can use the sun and grow our own medicine in our backyard and snag some hids/leds and grow in our basements. One thing the rules supreme in this great country of ours....is $$$

Zactly
I come from pharmaceuticals, don’t hate me. I hated those greedy bastards too.

 

[kovidkough]

anyone read into how Monsanto copyrights their corn then if their corn breeds with your corn they own part of your crop now because your growing their genetics. they do this easily because corn breeds through the air much like cannabis. huge pot operations may come under infringement if their fields begin to get male pollen from neighboring farms. crazy shit

 

[kovidkough]

on the self production of alcohol and small brewers , I believe they thrive because of their recipe, with cannabis your recipe will be stolen so fast without your discretion that the market will largely only follow hype strains and you will be constantly needing to shift your breeding standards to the a quickly shifting market.