Investors Hangout Stock Message Boards Logo
  • Mailbox
  • Favorites
  • Boards
    • The Hangout
    • NASDAQ
    • NYSE
    • OTC Markets
    • All Boards
  • Whats Hot!
    • Recent Activity
    • Most Viewed Boards
    • Most Viewed Posts
    • Most Posted
    • Most Followed
    • Top Boards
    • Newest Boards
    • Newest Members
  • Blog
    • Recent Blog Posts
    • Recently Updated
    • News
    • Stocks
    • Crypto
    • Investing
    • Business
    • Markets
    • Economy
    • Real Estate
    • Personal Finance
  • Market Movers
  • Interactive Charts
  • Login - Join Now FREE!
  1. Home ›
  2. Stock Message Boards ›
  3. Stock Boards ›
  4. Flora Growth Corp. (FLGC) Message Board

420 with CNW — Marijuana Research Bill Heads to

Message Board Public Reply | Private Reply | Keep | Replies (0)                   Post New Msg
Edit Msg () | Previous | Next


Post# of 278
(Total Views: 277)
Posted On: 11/22/2022 4:40:33 PM
Avatar
Posted By: NetworkNewsWire
420 with CNW — Marijuana Research Bill Heads to Biden’s Desk After Senate Approval

Only a few weeks have passed since President Joseph Biden directed that a medical review be conducted on the categorization of marijuana in the Controlled Substances Act and also issued mass pardons for simple cannabis possession convicts. Now the upper chamber of Congress has approved a bill easing marijuana research, and that bill is headed to the president for enactment.

The passage of this bill is notable because it is the first time that a bill focused on marijuana policy reform has succeeded and been forwarded to the president. Before the vote was cast on the Senate floor, Majority Leader Chuck Schumer mentioned that there were ongoing productive discussions on broader marijuana reforms that could be passed during this lame duck session of Congress.

H.R. 8454, or the Medical Marijuana & Cannabidiol Research Expansion Act, was introduced in July this year in the House of Representatives. Its progress was swift in the lower legislative chamber, and it was then sent to the upper legislative chamber where it was passed last week.

It should be noted that this bill would have been passed earlier in the Senate, but one lawmaker, Senator John Cornyn (R-TX), held it up in September by objecting to the expedited way in which the legislation was being handled with agreement from both sides of the political divide. Cornyn’s objection wasn’t premised on anything within that law, but he was in a way protesting against the failure to handle other pieces of legislation that he had interest in. His hold was terminated last week, and the bill was then put to a vote

Rep. Earl Blumenauer, a Democrat from Oregon, was one of the House sponsors of this law. He revealed that the need for compromise led him to accept the removal of a provision granting researchers permission to use marijuana sourced from the same state-legal dispensaries that consumers access their marijuana from. The motivation for this clause was to allow the findings of any research conducted to depict as closely as possible the real-world benefits or side effects if any that consumers are exposed to when they use the marijuana currently available in jurisdictions where it is allowed.

This law imposes a 60-day timeline within which the attorney general can approve an application for a proposed study or write to the applicant asking for additional information prior to making a decision on the matter. It also makes it easier for scientists and researchers to gain access to larger volumes of marijuana for research purposes. Physicians will also be able to discuss medical marijuana with patients in states where marijuana is legal, among other reforms that the bill proposes.

It remains to be seen by industry actors such as Flora Growth Corp. (NASDAQ: FLGC) how the passage of this law translates into tangible benefits as they conduct their own R&D programs aimed at better serving the consumers in the markets where they operate.

NOTE TO INVESTORS: The latest news and updates relating to Flora Growth Corp. (NASDAQ: FLGC) are available in the company’s newsroom at https://cnw.fm/FLGC

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




(0)
(0)




Flora Growth Corp. (FLGC) Stock Research Links


  1.  
  2.  


  3.  
  4.  
  5.  






Investors Hangout

Home

Mailbox

Message Boards

Favorites

Whats Hot

Blog

Settings

Privacy Policy

Terms and Conditions

Disclaimer

Contact Us

Whats Hot

Recent Activity

Most Viewed Boards

Most Viewed Posts

Most Posted Boards

Most Followed

Top Boards

Newest Boards

Newest Members

Investors Hangout Message Boards

Welcome To Investors Hangout

Stock Message Boards

American Stock Exchange (AMEX)

NASDAQ Stock Exchange (NASDAQ)

New York Stock Exchange (NYSE)

Penny Stocks - (OTC)

User Boards

The Hangout

Private

Global Markets

Australian Securities Exchange (ASX)

Euronext Amsterdam (AMS)

Euronext Brussels (BRU)

Euronext Lisbon (LIS)

Euronext Paris (PAR)

Foreign Exchange (FOREX)

Hong Kong Stock Exchange (HKEX)

London Stock Exchange (LSE)

Milan Stock Exchange (MLSE)

New Zealand Exchange (NZX)

Singapore Stock Exchange (SGX)

Toronto Stock Exchange (TSX)

Contact Investors Hangout

Email Us

Follow Investors Hangout

Twitter

YouTube

Facebook

Market Data powered by QuoteMedia. Copyright © 2025. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges).
Analyst Ratings & Earnings by Zacks. RT=Real-Time, EOD=End of Day, PD=Previous Day. Terms of Use.

© 2025 Copyright Investors Hangout, LLC All Rights Reserved.

Privacy Policy |Do Not Sell My Information | Terms & Conditions | Disclaimer | Help | Contact Us