RSS Marijuana Investing News
  • Marijuana News Is Moving December 19, 2018
    News content on Marijuana.com is being reborn as Weedmaps News at news.weedmaps.com. While our URL has changed, you can still find breaking news, political coverage, science explainers, and deep dives into the culture of cannabis. The Marijuana.com archives remain available, with the exception of recent selections that have transferred to Weedmaps News. While Marijuana.com won’t […]
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  • Rights Groups, Unions Call for Ending Marijuana Prohibition December 14, 2018
    A coalition of major civil rights organizations, labor unions and other groups is calling on Congress to completely remove marijuana from the Controlled Substances Act and divert revenue to communities that have been harmed by the enforcement of cannabis prohibition.   “Pass legislation de-scheduling marijuana with racial equity and justice reform components,” reads one recommendation […]
    Marijuana Moment
  • How Trump Government Shutdown Threat Could Affect Marijuana December 13, 2018
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    Marijuana Moment
  • Elon Musk Confesses: ‘I Have No Idea How To Smoke Pot’ December 12, 2018
    Elon Musk got himself into a bit of trouble after smoking marijuana during an appearance on Joe Rogan’s podcast in September 2018. The move reportedly led to NASA launching an investigation into his company SpaceX’s “workplace safety” and “adherence to a drug-free environment.” But now, in a new interview 60 Minutes, the Tesla founder indicated […]
    Marijuana Moment
  • Cannabis May Qualify for Study Grants as ‘Natural Product’ December 11, 2018
    Federally funded research into marijuana seems to be escalating, with one government agency recently posting a roundup of current “cannabinoid-related funding opportunities” for studies investigating the plant’s therapeutic potential. The National Center for Complementary and Integrative Health (NCCIH) on Dec. 8, 2018, shared a list of four research grant opportunities for studies on “natural products” […]
    Marijuana Moment
  • Surgeon General: Schedule I Hinders Researching Marijuana December 7, 2018
    U.S. Surgeon General Jerome Adams said the federal government should rethink how it classifies drugs like marijuana Dec. 6, 2018, voicing concern that the plant’s current status as a strictly controlled Schedule I substance inhibits research. Adams, who’s previously expressed interest in expanding research into the use of cannabinoids for therapeutic purposes, made the comment […]
    Marijuana Moment
  • Colorado County Considers Canceling Cannabis Convictions December 6, 2018
    BOULDER, Colo. (AP) — Prosecutors in a Colorado county are preparing to dismiss and seal thousands of marijuana possession convictions after state voters legalized the use and sale of cannabis in 2012. The Boulder Daily Camera reported that the Boulder County District Attorney’s Office as part of a “Moving on from Marijuana” program has identified […]
    Associated Press
  • GOP House Leader Calling for Legal Marijuana in Rhode Island December 5, 2018
    The Republican leader in Rhode Island’s House of Representatives thinks the state should fully legalize marijuana. But while that news would typically bode well for reform efforts in state legislatures, the problem is that the Democratic speaker isn’t quite on board — and the House is dominantly controlled by Democrats. In an interview with Rhode […]
    Marijuana Moment
  • ‘Compromise’ Medical Marijuana Bill is Made Into Law in Utah December 4, 2018
    Utah lawmakers approved a controversial medical marijuana bill in a special session Dec. 3, 2018. There’s your final vote on the medical marijuana “compromise.” #utpol pic.twitter.com/w9Ip3KQE8E — Robert Gehrke (@RobertGehrke) December 3, 2018 During the Nov. 6, 2018, election, Utah voters passed a separate medical cannabis initiative, Proposition 2, that would allow patients with certain […]
    Marijuana Moment
  • Study: Vaporizing Flower Produces A More Intense High Than Traditional Smoking Methods December 4, 2018
    Vaping marijuana flower gets you higher than smoking it, according to a new study published in an American Medical Association journal. To test the difference, researchers started by recruiting 17 people who’d consumed cannabis in the past year but had abstained for at least one month. Each individual participated in six sessions that lasted 8 1/2 […]
    Marijuana Moment
mentor36 June 11, 2019

Here’s the press release in full……….The Global Alliance for Cannabis Commerce (GACC) released the U.S. cannabis industry’s first comprehensive model federal legislation to legalize interstate and international medical and adult-use cannabis in the United States.

This first-of-its-kind model bill ends cannabis prohibition, and creates an all-encompassing regulatory framework with an eye towards harmonizing the interests of patients, industry, and the communities most affected by the failure of cannabis prohibition. It overhauls the tangle of federal laws and regulations governing cannabis and replaces the archaic policy of cannabis prohibition with common-sense reforms for treating cannabis as an agricultural, medical, and consumer good where states decide to do so; it also respects state primacy on the decision to legalize cannabis within its borders. The model statute implements what sixty-six percent of American already favor, according to an October 2018 poll by Gallup: legalizing cannabis.

GACC’s model policies create a two-track framework for the Food and Drug Administration (FDA) and Alcohol and Tobacco Tax and Trade Bureau (TTB) to safely control the cultivation, manufacture, and distribution of cannabis products in and between states that have legalized cannabis, without crippling the vibrant markets that already exist.

Economists project that the U.S. cannabis market will be worth over $66 billion by 2025, but without a smart and welcoming trade policy, Americans will not see the benefits of ending prohibition. In states where it has been legalized, it has produced tax revenues in the billions. GACC’s model bill first legalizes the transport of cannabis and cannabis-derivatives across state lines among states that have legalized cannabis, and implements federal regulation for the import and export of cannabis in global trade.

This governing architecture is designed to provide patients with safe access to medicine, while streamlining the many costly and confusing impediments that prevent cannabis businesses from investing in the United States. Furthermore, GACC’s model legislation includes provisions to reinvest in communities harmed by cannabis prohibition, retrain law enforcement for a post-prohibition world, and assist in expungement of criminal records for non-violent cannabis offenders.

GACC Executive Director Randal John Meyer noted that “It is crucial for federal lawmakers to understand the nature of the modern cannabis market as federal prohibition ends. Without sensible policy to regulate cannabis—like that contained in our model legislation—piecemeal fixes are more likely to result in unforeseen regulatory omnishambles that will perpetuate confusion, harm and inefficiencies, undermining or destroying huge parts of the cannabis market. The problems with federal cannabis law span vast areas of concern—from criminal law to pesticide use. Half-measures simply will not do for patients, adult consumers, or the 200,000-plus employees of a multi-billion dollar U.S. industry.”

GACC Vice President Jason Beck added, “In the national conversation around cannabis legalization, it is important for cannabis businesses to have a seat at the table to inform congress of these pressing issues.”

GACC’s Model U.S. Federal Legislation and section-by-section analysis is available on its Policy Center.

The Global Alliance for Cannabis Commerce advocates in front of government policymakers and legislators in order to legalize and regulate the cultivation, manufacture, distribution, or use of medical and adult-use cannabis products globally.

THE DOCUMENT

GACC-Draft-Model-Federal-Legislation-Final-Draft

© 2018 Highline Media Group