How changing the way we think about cannabis will create new commercial opportunities The cannabis plants of ancient history were different than most of the examples we know today. As usage of the cannabis plant spread, selective breeding and refinement led to greater variations and potencies of active chemical components within the plant. An appropriate […]
Food and Drug Administration
How Risk Management Can Make Marijuana-Related Businesses Bulletproof
By Steve Schain Envision managing the risk of a volatile, staggeringly lucrative, 100-percent federally legal enterprise? Toss in ridiculously inconsistent federal, state and local regulations, insanely evolving technologies and efficiencies and an industry-wide disinclination to ever “play by the rules.” However, when armed with decent risk management fundamentals, a marijuana-related business can diminish most horrible […]
Surgeon General: Federal drug classification needs changes
BOSTON (AP) — The nation’s drug classification system should be revisited but illegal drugs shouldn’t simply be decriminalized nationwide, U.S. Surgeon General Jerome Adams told a gathering of police leaders focused on the opioids crisis Thursday in Boston. “Our scheduling system is functioning, but not as ideally as it could,” he said of the federal […]
First FDA approved cannabis-based drug now available by prescription
The first cannabis-derived medication approved by the Food and Drug Administration is now available by prescription in every state, according to its manufacturer. Epidiolex, manufactured by GW Pharmaceuticals, is intended to treat seizures associated with two rare and severe forms of epilepsy that begin in childhood. The drug is made of cannabidiol (CBD), a component of […]
Fear And Loathing: The FDA and Marijuana Medical Claims
The Food Drug and Cosmetic Act (FDAC) gives the Food and Drug Administration (FDA) broad regulatory powers over legal drugs and more limited power over the regulation of food. For drug makers, the FDA is the fearsome elephant in the room because of the immense amount of time and huge levels of money it takes […]
Not if but when: Cannabis Businesses Must Be Outstanding Corporate Citizens and prepare for Federal Regulations: Here’s how.
By Mica Gross, Director of Operations at Wana Brands Let’s step out of the cannabis industry for one moment, shall we? We spend so much time tangled up in the red tape of legalization that we sometimes forget to consider what it looks like from the outside: A federally illegal drug being produced and distributed […]
