DEA moves some CBD medicines off Schedule 1, a limited expansion of cannabis access

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The U.S. Drug Enforcement Administration has taken some cannabidiol out of the most restrictive class of controlled substances, a move that allows the sale of the first nonsynthetic, cannabis-derived medicine to win federal approval.

It’s a decision that immediately affects CBD producers but also signals the agency’s first admission that the plant has medical value.

The DEA announced Thursday that drugs including CBD with THC content below 0.1% are now considered Schedule 5 drugs, as long as they have been approved by the U.S. Food and Drug Administration.

It is the first time the agency has lowered any type of cannabis from Schedule 1.

Continue reading “DEA moves some CBD medicines off Schedule 1, a limited expansion of cannabis access”

Marijuana and CBD Laws in Texas Podcast

Shawn McDonald of Smith McDonald Bolin explains what the current Texas laws are related to Marijuana possession and CBD oils.

He also explains how different counties are “enforcing” the law. For more information about or to ask questions related to these laws, please leave a comment below and we’ll be sure to answer them.

 

Merry Christmas: Hemp and Hemp-Based CBD Are Now Legal

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This has been a transformational year for the cannabis industry, one that investors will possibly never forget. Although it’s been a bit rough on the investment front, with the Horizons Marijuana Life Sciences ETF, a basket of more than four dozen pot stocks, losing approximately 40% of its value, 2018 has been a year of gained validity for the cannabis industry.

Continue reading “Merry Christmas: Hemp and Hemp-Based CBD Are Now Legal”

Texas Marijuana Advocates Set Sights on 2019 Legislative Session

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Texas is poised for historic action in 2019 to ease some marijuana prohibitions and join a national cannabis legalization movement that, to varying degrees, has already swept up all four of its border states.

Or maybe not.

Continue reading “Texas Marijuana Advocates Set Sights on 2019 Legislative Session”