Filtered by tag "Drug Policy"

Ask Our Experts 6/2/2019: FDA Holds Public Hearing About CBD, What Happened?

By J.J. McCoy, Senior Managing Editor, New Frontier Data   Q: I did not have time to sit through all 120 speakers scheduled for the FDA’s public hearing about cannabis and CBD products on Friday, but can you share some of the key takeaways?   A: While the market for CBD products has gained massive […]
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Regarding today’s FDA hearing on cannabis-derived compounds

A statement from Giadha Aguirre de Carcer Anticipation has been building in the cannabis industry as the U.S. Food and Drug Administration (FDA) meets today regarding how to regulate cannabidiol (CBD), one of the most important compounds in the cannabis plant. CBD is a non-psychotropic cannabinoid, which research has shown to have antiepileptic and anti-inflammatory […]
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How Banking Challenges Impede the Growth of the Cannabis Industry Today

  By Maier N. Rosenberg, CohnReznick With recreational cannabis now legal in Canada and many U.S. states, 2019 seems poised to become a turning point for the industry. However, within U.S. borders, one thing still limits growth: Cannabis companies’ lack of access to banking and financial services.   Until legislation like the SAFE Banking Act, […]
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The SAFE Banking Act Would Be a Giant Leap for Legal Cannabis

  By Maier N. Rosenberg, CohnReznick The Secure and Fair Enforcement (SAFE) Banking Act, which, in March, passed the U.S. House Committee on Financial Services by a significant bipartisan margin, represents a promising step forward for banks and cannabis companies that want to take sales out of the cash-based market and into the mainstream. Although […]
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Did you know? 95% of the U.S. Population Lives in States with Legal Marijuana Access

95% of the U.S. population lives in a state where there is some form of legal cannabis (including adult use, medical use, CBD only laws.) 93% of Members of Congress represent constituents in markets where some form of cannabis is legal – 412 members in the House of Representatives & 86 Senators. Of those, 334 […]
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Legal Cannabis Market 2025 Projections and Job Creation

US cannabis market projected to create over 280,000 jobs by 2020. Total cannabis market sales are expected to exceed $24 billion by 2025. Legal cannabis market was worth an estimated $7.2 billion in 2016 and is projected to grow at a compound annual growth rate (CAGR) of 15% to more than $24 billion by 2025. The medical market […]
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Annual Number of Daily Doses Prescribed Per Physician

Preliminary research suggests that pain patients in medical cannabis states use 11% fewer opioids. Average number of pain reliever doses in medical states was nearly 96,000 in non-medical cannabis states compared to 85,000 in medical states. Nationwide, prescriptions of opioid pain relievers jumped 272% in 22 years, from 76 million in 1991 to 207 million in 2013. […]
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Will the Cannabis Eradication Program Grow Under Trump?

Despite Mixed Results, Will DEA’s Cannabis Eradication Program Grow under Trump? The Trump administration’s policy toward cannabis remains unclear and among the questions still to be addressed is how the Drug Enforcement Administration may change its cannabis eradication efforts. Since 2009, the number of plants destroyed under the Cannabis Eradication Program has fallen nearly 60% […]
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Majority Supports Economics of Cannabis Legalization

Majority Supports Economics of Cannabis Legalization The increase in public support for full cannabis legalization is not just fueled by strong belief that cannabis users should not be prosecuted (New Frontier Data’s research found that 90% of Americans opposed treating cannabis consumers as criminals). There is also growing confidence that legalization can produce strongly positive […]
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Strong Majority Supports Medical Use and Opposes Criminalization of Cannabis Users

Strong Majority Supports Medical Use and Opposes Criminalization of Cannabis Users According to a new nationally-representative survey conducted by New Frontier Data, nearly nine-in-ten respondents (86%) believe that cannabis has valid medical uses, underscoring that medical cannabis is now a national consensus issue.  The strength of this support will make it extremely difficult for any […]
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