Cannabis News
German Health Insurance Filled Close to 100,000 Medical Marijuana Prescriptions Last Quarter Alone
Published
1 year agoon
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Demands for the legalization of cannabis are increasing throughout Europe, mirroring the progressive steps taken by Canada and certain regions of the U.S. to approve the use of the substance. Advocates conveyed many advantages of establishing a legal cannabis market during the Cannabis Europa industry event held in London last week. These benefits encompass improvements in public health, augmented tax revenues, and the destigmatization of medical marijuana.
Despite enduring opposition from critics who contend that legalization results in elevated crime rates, addiction issues, and health hazards, proponents insist that a regulated market yields positive outcomes. Jindřich Vobořil, the Czech Republic’s national drug coordinator, emphasized the efficacy of a regulated approach and underscored the need for cannabis to be governed like other controlled items within his domain, such as tobacco and alcohol. He pointed out that prohibition has proven ineffective, drawing parallels with the failures of alcohol, tobacco, and gambling restrictions.
EU Pushback
Nevertheless, European governments are encountering resistance at the European Union level, as many struggle to draft legislation that aligns with EU regulations, international drug treaties, and public health considerations. While certain European countries have sanctioned the use of marijuana for medicinal reasons, the region has traditionally maintained a cautious stance towards recreational cannabis. Concerns linger that legalizing the substance in one country might trigger ripple effects for neighboring nations that oppose such actions.
The European Commission, which serves as the executive branch of the European Union, declined to comment on specific national dialogues but affirmed its close monitoring of these developments. A spokesperson conveyed that the Commission is attentive to the evolving cannabis policies within member states, particularly their potential impacts on health, crime, the environment, and societal dynamics. This perspective was shared through an emailed statement responding to CNBC’s inquiries. Against this backdrop, activists advocating cannabis legalization were observed marching past the Reichstag during Berlin’s annual Hemp Parade in Germany.
EU regulations mandate that member states establish measures that impose “effective, proportionate, and dissuasive” criminal penalties for selling illicit drugs, including cannabis. However, these regulations do not impose restrictions on personal consumption. Legalizing cannabis commercially also clashes with international treaties, including the United Nations’ 1961 Single Convention on Narcotic Drugs. Despite this, countries like Canada and Uruguay have not faced significant consequences after opting to legalize the drug.
In response to feedback from the EU, Germany recently scaled back its comprehensive legalization proposals. Health Minister Karl Lauterbach acknowledged the failure of his initial proposal and emphasized the need for a fresh approach in the revised plan. Under the updated legislation, the focus has shifted towards permitting private consumption and distribution through non-profit organizations. Additionally, the revised plan includes provisions for a potential pilot project to test the sale of cannabis in a limited number of licensed shops.
Germany Looks To Legalize Cannabis
Germany’s Health Minister Karl Lauterbach has introduced a contentious draft bill to legalize recreational cannabis use. The bill, which gained approval from the German Cabinet, is being pushed by proponents within the coalition government. Despite their aim to legalize cannabis this year, resistance emerges from conservative lawmakers, certain medical professionals, and law enforcement.
Lauterbach has characterized the draft bill as a significant shift from past unsuccessful cannabis policies. He emphasizes that although cannabis consumption will be legalized, it still carries risks. The Health Ministry, in collaboration with the Agriculture Ministry, stresses the importance of safeguarding youth through an upcoming information campaign.
The proposed legislation would permit adults over 18 to possess up to 25 grams of cannabis and grow up to three plants for personal use. Additionally, “cannabis social clubs” would be established, allowing members access to homegrown products. However, consumption within the clubs’ premises or 200 meters of them would be prohibited, presenting a challenge for finding suitable locations.
The initial phase involves decriminalization, followed by the possibility of specialized shops selling cannabis and THC-containing products in selected districts and cities. These regions would serve as model areas for five years. While there were initially high expectations for substantial tax revenues and savings in law enforcement costs, revised estimates have reduced these projections to hundreds of thousands of euros due to increased spending on law evaluation and prevention initiatives.
Opposition To The Bill
Medical professionals have voiced their criticism of the proposed changes. Five organizations representing physicians specializing in the care of children and young individuals issued a collective statement, expressing concerns about the potential harm to the mental well-being and developmental prospects of young people in Germany.
In addition, the police union has registered its opposition to the bill, and the German Association of Judges has cautioned against overburdening the judicial system due to the intricate regulations governing cannabis clubs and drug distribution.
Furthermore, conservative lawmakers from various states have openly rejected the proposed legislation. They argue that the initiative is “medically irresponsible,” some have even labeled it as an “assault on youth and health protection.”
More Encouragement for Germany to Legalize Cannabis With Increased Insurance Payouts
In the first quarter of 2023, insurance reimbursements for medical cannabinoid products in Germany continued to grow, illustrating the ongoing gradual expansion of the country’s cannabis industry, which now ranks among the largest globally.
This period’s reimbursement reached approximately 50.9 million euros ($55.6 million), as indicated by the most recent data from the German National Association of Statutory Health Insurance Funds (GKV-Spitzenverband). This marks a 6.5% increase compared to the same period in the previous year. However, there was a minor decline compared to the fourth quarter of 2022. During this quarter, nearly 99,000 prescriptions were filled.
Within the market segments, the dried-flower segment accounted for 21.1 million euros, while finished pharmaceutical products, encompassing items like Sativex and Epidolex, recorded sales of 13.1 million euros.
For context, during the same quarter, Canada’s regulated cannabis market registered medical cannabis sales worth 98 million Canadian dollars ($72 million), per Statistics Canada’s data. It’s important to note that the German reimbursement figures do not encompass private prescription sales paid directly by patients. Consequently, the actual medical cannabis sales in Germany exceeded the reported 55.6 million euros, although an exact figure remains unavailable.
Conclusion
The evolving landscape of cannabis in Europe, particularly in Germany, reflects the intricate interplay between regulatory frameworks, medical considerations, and societal opinions. The gradual growth of the cannabis industry, as seen through insurance reimbursements for medical products, showcases the complexity of balancing public health needs with economic opportunities.
As the cannabis dialogue continues, it remains essential to weigh the perspectives of medical professionals, policymakers, and the public to navigate the path toward responsible and effective cannabis policies.
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November 14, 2024By
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In a recent interview, former New Jersey Governor Chris Christie made headlines by asserting that President-elect Donald Trump will pursue significant reforms in federal policies regarding marijuana and cryptocurrency. As the nation grapples with evolving attitudes toward cannabis and the burgeoning digital currency market, Christie’s predictions have ignited discussions about the potential implications of such changes on both industries. This article delves into Christie’s insights, the current state of marijuana and cryptocurrency regulations, and the broader implications of these anticipated reforms.
The Current Landscape of Marijuana Legislation
Federal vs. State Laws
Marijuana remains classified as a Schedule I substance under the Controlled Substances Act (CSA), which places it in the same category as heroin and LSD. This classification has created a complex legal landscape where states have moved to legalize cannabis for medical and recreational use, while federal law continues to impose strict prohibitions. As of now, over 30 states have legalized marijuana in some form, leading to a burgeoning industry that generates billions in revenue.
Challenges Faced by the Cannabis Industry
Despite its legality in many states, the cannabis industry faces significant hurdles due to federal restrictions. These challenges include:
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Banking Access: Many banks are hesitant to work with cannabis businesses due to fear of federal repercussions, forcing these businesses to operate largely in cash.
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Taxation Issues: The IRS enforces Section 280E of the tax code, which prohibits businesses engaged in illegal activities from deducting normal business expenses, leading to disproportionately high tax burdens for cannabis companies.
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Interstate Commerce: The lack of federal legalization prevents cannabis businesses from operating across state lines, limiting their growth potential.
Chris Christie’s Perspective on Marijuana Reform
Christie, a former presidential candidate known for his tough stance on drugs during his tenure as governor, has evolved his views on marijuana over the years. In his recent statements, he emphasized that Trump is likely to pursue descheduling cannabis, which would remove it from the Schedule I classification. This move would not only provide clarity for businesses operating in legal markets but also open avenues for banking and investment.
Christie highlighted that descheduling would allow for a more regulated market where safety standards could be established, thus protecting consumers. He believes that this approach aligns with a growing consensus among Americans who support legalization and recognize the potential benefits of cannabis use for both medical and recreational purposes.
The Future of Cryptocurrency Regulation = The Rise of Cryptocurrencies
Cryptocurrencies have surged in popularity over the past decade, with Bitcoin leading the charge as the first decentralized digital currency. The market has expanded to include thousands of alternative coins (altcoins), each with unique features and use cases. As cryptocurrencies gain traction among investors and consumers alike, regulatory scrutiny has intensified.
Current Regulatory Challenges
The cryptocurrency market faces several regulatory challenges that hinder its growth and adoption:
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Lack of Clarity: Regulatory frameworks vary significantly across states and countries, creating confusion for investors and businesses.
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Fraud and Scams: The rapid growth of cryptocurrencies has led to an increase in fraudulent schemes targeting unsuspecting investors.
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Consumer Protection: Without clear regulations, consumers are often left vulnerable to risks associated with volatile markets.
Christie’s Vision for Crypto Regulation
Christie believes that under Trump’s leadership, there will be an effort to find a “sweet spot” for cryptocurrency regulation balancing innovation with consumer protection. He argues that overly stringent regulations could stifle growth in this emerging sector while too little oversight could expose consumers to significant risks.
In his view, a balanced regulatory framework would include:
1. Clear Definitions: Establishing clear definitions for different types of cryptocurrencies and tokens to differentiate between securities and utility tokens.
2. Consumer Protections: Implementing measures to protect investors from fraud while promoting transparency within the market.
3. Encouraging Innovation: Creating an environment conducive to innovation by allowing startups to thrive without excessive regulatory burdens.
Christie’s insights reflect a growing recognition among policymakers that cryptocurrencies are here to stay and that appropriate regulations are necessary to foster growth while safeguarding consumers.
Implications of Proposed Reforms
Economic Impact
The potential reforms proposed by Christie could have far-reaching economic implications:
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Job Creation: Legalizing marijuana at the federal level could lead to significant job creation within the cannabis industry—from cultivation and production to retail sales.
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Investment Opportunities: Descheduling cannabis would open up investment opportunities for institutional investors who have been hesitant due to federal restrictions.
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Boosting Local Economies: Legal cannabis markets have proven beneficial for local economies through increased tax revenues and job creation.
Similarly, clear regulations around cryptocurrencies could stimulate investment in blockchain technology and related industries, fostering innovation and economic growth.
Social Justice Considerations
Both marijuana legalization and sensible cryptocurrency regulations have social justice implications:
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Addressing Past Injustices: Legalizing marijuana could help rectify past injustices related to drug enforcement policies that disproportionately affected marginalized communities.
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Financial Inclusion: Cryptocurrencies offer opportunities for financial inclusion for those underserved by traditional banking systems, particularly in low-income communities.
Political Landscape
The political landscape surrounding these issues is complex. While there is bipartisan support for marijuana reform among certain lawmakers, challenges remain in overcoming entrenched opposition. Similarly, cryptocurrency regulation has garnered attention from both sides of the aisle but requires collaboration to establish effective frameworks.
Conclusion
Chris Christie’s predictions about President-elect Donald Trump’s approach to federal marijuana descheduling and cryptocurrency regulation suggest a potential shift in U.S. policy that could significantly reshape both industries. As public opinion evolves on these issues, lawmakers have an opportunity to enact meaningful reforms that promote economic growth while ensuring consumer protection. The anticipated changes could foster a more robust cannabis industry that contributes positively to the economy and addresses social justice concerns, while clear regulatory frameworks for cryptocurrencies could encourage innovation and protect consumers in the digital economy. Stakeholders in both sectors are closely watching these developments, eager to see how potential reforms might impact their futures. While the realization of Christie’s predictions remains uncertain, it’s clear that the conversation around marijuana and cryptocurrency regulation is ongoing and far from settled.
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Cannabis News
Webinar Replay: Post-Election Cannabis Wrap – Smoke ’em if You’ve Got ’em
Published
1 day agoon
November 13, 2024By
admin
On Thursday, November 7th, Vince Sliwoski, Aaron Pelley and Fred Rocafort held a post election discussion “Post-Election Cannabis Wrap – Smoke ’em if You’ve Got ’em”. Watch the replay!
Key Takeaways from the “Smoke ’em if You’ve Got ’em – 2024 Post Election Cannabis Wrap” Webinar:
- Panelists:
- Vince Sliwoski: Oregon Business lawyer specializing in cannabis and commercial real estate.
- Aaron Pelley: Experienced in cannabis law since Washington’s legalization in 2012.
- Fred Rocafort: Trademark attorney working closely with the cannabis team.
- Election Results Overview:
- Most 2024 cannabis ballot measures did not pass.
- Florida, South Dakota, and North Dakota saw failures.
- Nebraska became the 39th state to legalize cannabis for medical use when it passed two cannabis initiatives, Initiatives 437 and 438.
- Federal and State-Level Developments:
- Medical use is currently legal in 38 states, and 24 states allow recreational use.
- Republican support for marijuana legalization is growing.
- Federal Policy Implications:
- Schedule III Rescheduling: The process to move cannabis to Schedule III is ongoing, which could significantly impact the industry.
- Importance of Federal Appointments: The future of cannabis policy depends heavily on who is appointed to key positions in the administration.
- International and Domestic Trade:
- Schedule III status could ease import/export restrictions on cannabis.
- Unified control of House, Senate, and presidency might expedite legislative progress.
- Economic and Industry Impact:
- Cannabis stocks experienced volatility post-election, reflecting investor uncertainty.
- Federal legalization and banking reforms are crucial for industry stability and growth.
- Future Outlook:
- The potential for federal rescheduling remains strong, with hearings scheduled for early 2025.
- State-level initiatives and regulatory developments will continue to shape the industry.
“How Long Does One Puff of Weed Stay in Your System?”… This topic can be difficult to answer since it is dependent on elements such as the size of the hit and what constitutes a “one hit.” If you take a large bong pull then cough, it might linger in your system for 5-7 days. A moderate dose from a joint can last 3-5 days, whereas a few hits from a vaporizer may last 1-3 days.
The length of time that marijuana stays in the body varies based on a number of factors, including metabolism, THC levels, frequency of use, and hydration.
Delta-9-tetrahydrocannabinol, or THC, is the primary psychoactive component of cannabis. THC and its metabolites, which remain in your body long after the effects have subsided, are detected by drug tests.
Since these metabolites are fat-soluble, they cling to bodily fat molecules. They could thus take a while to fully pass through your system, particularly if your body fat percentage is higher.
THC is absorbed by tissues and organs (including the brain, heart, and fat) and converted by the liver into chemicals such as 11-hydroxy-THC and carboxy-THC. Cannabis is eliminated in feces at a rate of around 65%, while urine accounts for 20%. The leftover amount might be kept within the body.
THC deposited in bodily tissues ultimately re-enters the circulation and is processed by the liver. For frequent users, THC accumulates in fatty tissues quicker than it can be removed, thus it may be detectable in drug tests for days or weeks following consumption.
The detection time varies according to the amount and frequency of cannabis usage. Higher dosages and regular usage result in longer detection times.
The type of drug test also affects detection windows. Blood and saliva tests typically detect cannabis metabolites for shorter periods, while urine and hair samples can reveal use for weeks or even months. In some cases, hair tests have detected cannabis use over 90 days after consumption.
Detection Windows for Various Cannabis Drug Tests
Urine Tests
Among all drug tests, urine testing is the most commonly used method for screening for drug use in an individual.
Detection times vary, but a 2017 review suggests the following windows for cannabis in urine after last use:
– Single-use (e.g., one joint): up to 3 days
– Moderate use (around 4 times a week): 5–7 days
– Chronic use (daily): 10–15 days
– Chronic heavy use (multiple times daily): over 30 days
Blood Tests
Blood tests generally detect recent cannabis use, typically within 2–12 hours after consumption. However, in cases of heavy use, cannabis has been detected up to 30 days later. Chronic heavy use can extend the detection period in the bloodstream.
Saliva Tests
THC can enter saliva through secondhand cannabis smoke, but THC metabolites are only present if you’ve personally smoked or ingested cannabis.
Saliva testing has a short detection window and can sometimes identify cannabis use on the same day. A 2020 review found that THC was detectable in the saliva of frequent users for up to 72 hours after use, and it may remain in saliva longer than in blood following recent use.
In areas where cannabis is illegal, saliva testing is often used for roadside screenings.
Hair Tests
Hair follicle tests can detect cannabis use for up to 90 days. After use, cannabinoids reach the hair follicles through small blood vessels and from sebum and sweat surrounding the hair.
Hair grows at approximately 0.5 inches per month, so a 1.5-inch segment of hair close to the scalp can reveal cannabis use over the past three months.
Factors Affecting THC and Metabolite Retention
The length of time THC and its metabolites stay in your system depends on various factors. Some, like body mass index (BMI) and metabolic rate, relate to individual body processing, not the drug itself.
Other factors are specific to cannabis use, including:
– Dosage: How much you consume
– Frequency: How often you use cannabis
– Method of consumption: Smoking, dabbing, edibles, or sublingual
– THC potency: Higher potency can extend detection time
Higher doses and more frequent use generally extend THC retention. Cannabis consumed orally may remain in the system slightly longer than smoked cannabis, and stronger cannabis strains, higher in THC, may also stay detectable for a longer period.
How Quickly Do the Effects of Cannabis Set In?
When smoking cannabis, effects appear almost immediately, while ingested cannabis may take 1–3 hours to peak.
The psychoactive component THC produces a “high” with common effects such as:
– Altered senses, including perception of time
– Mood changes
– Difficulty with thinking and problem-solving
– Impaired memory
Other short-term effects can include:
– Anxiety and confusion
– Decreased coordination
– Dry mouth and eyes
– Nausea or lightheadedness
– Trouble focusing
– Increased appetite
– Rapid heart rate
– Restlessness and sleepiness
In rare cases, high doses may lead to hallucinations, delusions, or acute psychosis.
Regular cannabis use may have additional mental and physical effects. While research is ongoing, cannabis use may increase the risk of:
– Cognitive issues like memory loss
– Cardiovascular problems including heart disease and stroke
– Respiratory illnesses such as bronchitis or lung infections
– Mood disorders like depression and anxiety
Cannabis use during pregnancy can negatively impact fetal growth and development.
Duration of Effects
Short-term effects generally taper off within 1–3 hours, but for chronic users, some long-term effects may last days, weeks, or even months. Certain effects may even be permanent.
Bottom Line
The amount of time that cannabis remains in your system following a single use varies greatly depending on individual characteristics such as body fat, metabolism, frequency of use, and mode of intake. Frequent users may maintain traces of THC for weeks, whereas infrequent users may test positive for as little as a few days. Hair tests can disclose usage for up to 90 days, while blood and saliva tests identify more recent use. Urine tests are the most popular and have varying detection durations. The duration that THC and its metabolites are detectable will ultimately depend on a number of factors, including dose, strength, and individual body chemistry.
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