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Missouri Considers Legalizing Cannabis Extract Medicines

Ryan Allway

April 7th, 2014

Policy, Top News

Missouri’s leadership has long been opposed to the legalization of marijuana, despite a recent survey showing 54% vs. 44% of citizens in favor of legalizing, taxing, and regulating marijuana when the proposed system was fully explained to the participants. Two bills that would have improved the state’s policies died in committee without even getting to a vote in 2013’s legislative session.

The state also has some of the harshest marijuana laws in the country, whereby possession of any amount of the drug is punishable by up to a year in prison and a $1,000 fine. In 2011, the state arrested over 20,000 individuals for marijuana-related offenses of which 91% was for possession. The same year saw 86% of burglaries and 87% of motor vehicle thefts unsolved by law enforcement.

Republican lawmakers that have opposed the measures to date have changed their tune a little in recent weeks. Legalization of cannabis extracts for medical purposes – such as the treatment of epilepsy – is advancing in the Missouri House where a committee could hold a public hearing and vote this week. The Republic House speaker, the majority leader, and Democratic leaders back the legislation.

Cannabidiol (“CBD”) is a compound in cannabis that doesn’t have psychoactive effects. The substance has proven very effective in treating conditions like childhood seizures, which are often untreatable by any other means. There is already a waiting list in Colorado where the drug is legalized, but patients must be residents of Colorado in order to obtain it, forcing families to uproot themselves.

While the move to legalize CBD is a good starting point, it leaves behind the vast majority of patients who would otherwise benefit from broader medical marijuana. Missouri’s proposed law would limit the drug’s use to epilepsy patients and only in cases where a neurologist has determined the patient isn’t responding to at least three other treatment options – a high barrier even for the target market.

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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CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

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