Medical Cannabis Legalization Moves Forward in Minnesota
Ryan Allway
May 8th, 2014
Policy, Top News
Minnesota senators voted 48-18 to advance a bill that would make physician-prescribed medical cannabis legal for a broad range of patients. Patients suffering from cancer, glaucoma, AIDS, epilepsy, multiple sclerosis, and other conditions could obtain and possess up to 2.5 ounces under the Senate’s proposed bill, which would also permit up to 55 dispensary centers located around the state.
Prior to the Senate’s bill, the state’s House of Representatives proposed a bill that would allow Minnesota children and adults suffering from severe illnesses to take part in a research study of medical marijuana in a pill or liquid form. The State Health Department estimated that about 5,000 people would enroll in the study that would be largely focused on therapeutic CBDs rather than THC strains.
Minnesota will joint more than 20 other U.S. states that have already legalized medical marijuana. Opponents believe that moves to legalize medical marijuana will ultimately lead to recreational usage, which sends a bad message to children and teenagers that drug use is okay. Supporters argue that cannabis provides real therapeutic benefits and the benefits of legalization outweigh the risks.
[stockchart symbol=”BRDT”]
Companies like BreedIT Corp. [stockquote symbol=”BRDT”] could benefit from the increasing legalization of medical cannabis. By developing strains of cannabis that are high in therapeutic CBD and low in hallucinogenic THC, the company hopes to license its proprietary strains to medical cannabis users and medical organizations pursuing clinical trials that rely on specific strain attributes.
Currently, more than 60 U.S. and international health organizations support granting patients immediate access to medical marijuana under a physician’s supervision. Companies like GW Pharmaceuticals plc [stockquote symbol=”GWPH”] are also pursuing clinical trials using CBD-based compounds that could prove both safety and efficacy, and ultimately support the case for nationwide medical use.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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