The Legalization of CBD

In recent years, there has been a strong pressure on state legislatures across the US to legalize or decriminalize use and possession of specified amounts of cannabis and/or to pass laws that allow smoking of crude cannabis plant for prescribed medical purposes. Legalization of cannabis is the process of removing all legal prohibitions against it. Cannabis would then be available to the adult general population for purchase and use at will. In addition, according to a recent Gallup poll, around 68% of Americans support legalization, compared to an approximate 66% year over year. (1) Do you agree with this? Yes to legalization or no to legalization?

Companies from a number of sectors are looking for ways to profit from the legalization or decriminalization of cannabis production, manufacturing, trade, and usage as more countries legalize or decriminalize it. The global legal environment is said to be daunting and ever-changing, necessitating the hiring of good legal counsel for individuals and companies all over the world. And I recently discovered that, with the current administration in the White House, there is speculation that it could lead to CB legalization and could possibly have a CB market worth around $89 billion. (2) Is this a good sign for CB to be completely legalize in the country? Keep yourself updated here and be part of it.

The medicinal use of CB and legalization/decriminalization of cannabis are said to be advocated in a way that circumvents the normal testing and regulatory processes by the FDA that is otherwise required for all drugs marketed for human use in the US. Looking forward to discuss this sponsored post with you and please check my disclaimer on profile and landing page. So how about you? What’s could you say about this one? Things here are having my interest.

Source 1: https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6181739/
Source 2: https://www.lexology.com/library/detail.aspx?g=fc61b455-5adf-4e08-b673-f24209ff1456