420 with CNW — What the 2020 Marijuana Initiative Voter

New Post Public Reply Private Reply Replies (0) Message Board
NetworkNewsWire
412
420 with CNW — What the 2020 Marijuana Initiative Voter Successes Mean for Veterans

Despite the controversy surrounding its use, cannabis has proven itself to be an effective alternative to some pharmaceuticals. Chockfull of potent medicinal properties, cannabis is believed to treat numerous conditions such as chronic pain, anxiety, stress and insomnia. One group of individuals that could greatly benefit from medical marijuana but hasn’t always been given access would be veterans, as they are more likely to suffer from conditions such as anxiety, chronic pain and PTSD.

Despite its history, cannabis saw a couple of wins during the November 2020 elections. Fifteen states had already legalized adult cannabis use as of election night, and voters in Arizona, New Jersey and Montana approved measures to legalize adult use. Voters in South Dakota voted to legalize both recreational and medical marijuana while Mississippians approved medical marijuana.

According to Eric Goepel, founder and CEO of Veterans Cannabis Coalition, and Justin Strekal, political director of the National Organization for the Reform of Marijuana Laws (“NORML”), these wins will aid veterans in four ways.

Increased access to marijuana. Since the drug is illegal at the federal level, states had to opt into medical marijuana programs for their citizens, including veterans, to gain access to the drug. Veterans living in states that didn’t allow cannabis would either have to use pharmaceutical alternatives, putting them at risk of side effects and addiction, or practice cannabis tourism. But with voters in more states legalizing cannabis, veterans will have more access and, according to Goepel, they won’t have to deal with potential “gatekeeping” by local public health officials or doctors.

Reduced prices. As cannabis’ medicinal properties came to light, its demand skyrocketed. However, plenty of states classified it as a controlled substance, and the ones that had a legal cannabis market tended to have high barriers to entry, leading to a bottleneck in supply. As we know, high demand coupled with low supply usually leads to higher prices, and veterans sometimes had to pay hundreds of dollars a year in fees. With more cannabis cultivators, manufacturers and retailers in the market, Goepel says, veterans may be able to purchase cannabis at much cheaper prices.

Change in federal law. At the moment only 15 states in the entire United States have not legalized cannabis, and as more states jump on the bandwagon, there is less incentive for the federal government to continue classifying cannabis as a controlled drug. Leaders in the Department of Veteran Affairs have used this classification as reason against prescribing cannabis to veterans, and this will likely change in the face of federal legalization.

Reduced stigma. After decades of prohibition, marijuana has garnered a tainted reputation. But as more states legalize it and create programs to allow recreational and medical use, veterans will be able to access cannabis without any fear of social stigma.

A company that is deserving of your attention is Sugarmade, Inc. (OTCQB: SGMD). The California-based company has taken full advantage of the boom in cannabis delivery triggered by the current Covid-19 pandemic, and they are also setting up their own marijuana grow facilities.

Please see full terms of use and disclaimers on the CannabisNewsWire website applicable to all content provided by CNW420, wherever published or re-published: http://CNW.fm/Disclaimer

Sugarmade Inc. (SGMD) Stock Research Links

SGMD Board Company Profile Buy Rating Time & Sales News Filings Financials
Scroll down for more posts ▼

Top 10 Most Recent News Articles

Helio Fred Garcia Honored by Diversity Action Alliance

Updated Category News Views 4

Award Ceremony Set in the Big Apple In an industry where recognition often feels as transient as a ticker's daily high, the Diversity Action Alliance (DAA) is doing its bit to emphasize the lasting impact individuals can make. On September 16 in New York City, Helio Fred Garcia will be honored with the 2026 Pat Ford Larger Than Life Impact Award at the DAA's Annual...

Continue Reading
GBI Bio's New CEO Jesse McCool to Propel Growth

Updated Category News Views 4

Jesse McCool stepping into GBI's CEO shoes is the kind of move that makes you sit up straight and take notice. Let me tell you, the biomanufacturing scene is buzzing with this appointment, and McCool's got his work cut out for him in leading GBI Biomanufacturing's shift towards commercial-scale operations while expanding their early-stage biotech portfolio. A Veteran in...

Continue Reading
XKL Delivers MediaLight for High-Speed Optical Transport

Updated Category News Views 0

Unpacking the MediaLight Launch Kicking off September, XKL is tossing its hat in the ring with the MediaLight Xponder and Muxponder systems. These aren't just any run-of-the-mill gizmos—nope, they're touted as top-of-the-line optical transport solutions. The talk of the town is their ability to dish out high-density 100G and 400G transport, and for geeks in the trade,...

Continue Reading
AI Trust in Finance: Survey Reveals Market Impact

Updated Category News Views 2

Trust in AI for Financial Guidance: Where Are We Headed? The market winds shift with every sunrise, and today’s buzzword? Artificial Intelligence. You’d almost think AI’s trying to steal my job along with every other trader’s mojo. But here's the twist—A survey from Possible Finance shows about 15% of folks would actually lean on AI for their financial advice....

Continue Reading
Veteran Marketer Joins The Wisory's Advisory Board

Updated Category News Views 1

Tyrrell Schmidt Joins The Wisory's Board Out of the blue, The Wisory has snatched Tyrrell Schmidt right off the retirement bench. This doesn't seem like just another board seating; it smells like a calculated power play. Schmidt, fresh from her heavyweight stint as Global CMO at TD Bank, adds a spicy dose of marketing prowess to The Wisory's already loaded Advisory Board....

Continue Reading
Red-Eye Flights Surge, Driven By Western U.S. Routes

Updated Category News Views 4

You can always count on some things staying the same, right? Well, if you thought red-eye flights were going to fade away, think again. These late-night wonders are not just hanging around—they're booming in the west like there's no tomorrow. Literally. Champion Traveler has laid it all out for us: about 115,580 overnight flights in 2025, a record high since this mad...

Continue Reading
Rare Collectibles Highlight Morphy's Auction on Oct 4

Updated Category News Views 2

Anticipation Builds for Morphy's Auction Event Morphy's upcoming event on October 4th is all about tapping into the era of revved engines, gleaming gasoline signs, and some history that could put Hollywood tales to shame. The auction isn't just a stroll down memory lane; it features over 650 lots, each a time capsule of America's automotive past. From Al Capone's ritzy...

Continue Reading
Havoc, CSBC Partner for Autonomous Maritime Future

Updated Category News Views 3

A Strategic Move Across the Pacific Well, folks, in an era where the seas aren't just blue but powered by tech-backed autonomy, here's a new chapter—the kind that doesn't just hint at innovation, it screams it. Havoc, that crafty leader in all things autonomous, inked a game-changing deal with Taiwan's shipbuilding behemoth, CSBC Corporation. They're not just building...

Continue Reading
Diaper Affordability: A Hidden Crisis, Taxpayer Burden

Updated Category News Views 6

A Silent Crisis Lurking in Diapers Diapers. We don’t think about them much until we need them, but nearly half of U.S. families are painfully aware of their cost. According to a report from the NDBN Diaper Check 2026, many struggle to meet this basic necessity. This isn't just about keeping babies clean—it's a public health issue with economic ripples Congress can't...

Continue Reading
Cannabis Industry Pushes for Robust Financial Services

Updated Category News Views 4

Industry Gears Up for Financial Action Clearly, cannabis businesses are shouting louder than a vendor at a ballgame, demanding more than just the basic chips-and-soda banking service. They’re on the hunt for serious credit facilities, payments, and the traditional financial tools that most sectors take for granted. I mean, check this out: Shield Compliance just dropped...

Continue Reading

Top 5 Most Recently Viewed Articles

A Look Back: $100 Invested in Westinghouse Air Brake Today

Updated Category News Views 91

Understanding the Growth of Westinghouse Air Brake Westinghouse Air Brake has shown remarkable performance over the last two decades, outpacing the market significantly. With an annualized return of 14.89%, this company has established itself as a strong contender in its sector, and its current market capitalization stands impressively at $33.98 billion. Investment...

Continue Reading
Exploring the Growing Impact of Procurement Software Solutions

Updated Category News Views 230

Understanding the Procurement Software Landscape The procurement software market is rapidly evolving, with its value poised at $7.96 billion in 2024 and an anticipated growth to $17.87 billion by 2033. This growth translates to a compound annual growth rate (CAGR) of 9.4% from 2025 to 2033. Procurement software plays a crucial role in how organizations efficiently procure...

Continue Reading
Streamside RV Resorts: Embracing Slow Summer Travel

Updated Category News Views 9

Reimagining the Summer Getaway There's a fresh breeze blowing through the travel industry, and Streamside RV Resorts is right in the mix of it, pushing the envelope with their latest venture. They're teaming up with Outdoorsy, Charbroil, and Ranger Station to reimagine the summer getaway. It's a one-of-a-kind call to action against the relentless hustle and bustle modern...

Continue Reading
Employers Holdings, Inc. Achieves Top Insurance Ratings Upgrade

Updated Category News Views 127

Employers Holdings, Inc. Receives AM Best Upgrade Employers Holdings, Inc. (NYSE:EIG), a well-known name in workers’ compensation insurance, has exciting news to share: AM Best has upgraded the Financial Strength Rating (FSR) of its insurance subsidiaries from A- to A, which denotes an Excellent rating. Notably, the Long-Term Issuer Credit Ratings (Long-Term ICR) for...

Continue Reading
The Hartford Financial Services Group Receives Positive Credit Ratings

Updated Category News Views 373

AM Best granted The Hartford Financial Services Group, Inc. solid Long-Term Issue Credit Ratings back in 2024. They rolled out an impressive ‘a-’ rating for senior unsecured issues, alongside a ‘bbb+’ for senior subordinated issues, and a ‘bbb’ rating for junior subordinated and preferred stock tied to their new shelf registration. This was a big deal; traders...

Continue Reading