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Argentina’s first cannabis medicine to debut in 2021

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First cannabis medicine in Argentina increases hope for the cannabis industry.

It’s been eleven years since marijuana was decriminalized in Argentina. Lawmakers in the country have been reluctant in granting the industry a green signal for the longest time now. However, this year Argentina has finally gotten the ball rolling for its industry by announcing the launch of its first-ever cannabis medicine.

Argentina’s National Administration of Drugs, Foods and Medical Devices has recently authorized Laboratorio Alef Medical Argentina to launch Convuidiol. The contract is going to be valid for the next five years. During this period, Alef Medical Argentina will continue to provide high quality and international grade cannabis medicine to the market.

Argentina’s First-Ever Cannabis Medication

Convupidiol is going to embark on its journey as a debutant locally produced cannabis medicine in Argentina. Just like Epidiolex, it is going to be among the very few cannabis-infused drugs that are approved by the FDA. It is expected to reach patients by the start of next year if everything goes according to plan.

Derived from parts of the cannabis plant, each milliliter of the medication will contain around 100 mg of CBD. It will be available in the form of an oral solution and sold in 35 ml bottles. Its inactive ingredients include pharmaceutical-grade sesame oil and a vanilla flavoring for an enhanced taste.

Convupidiol will be used to treat certain types of seizures. It is considered safe for use by children as young as 2 years old. All those above this age are eligible to use the medicine upon approval from certified physicians.

Being the first of its kind type of product in Argentina, Convupidiol is setting the path straight for other similar products. If the legislation shows more flexibility, the market of cannabis and its derivatives can bring a welcoming change in the country’s economy.

Argentina’s Marijuana Laws

It takes a lot of time before legislative changes can take effect and show their impact on the economy. The launch of Convupidiol in Argentina is a classic example that reflects the scenario.

Although the medicinal usage of marijuana was legalized in the country in March of 2017, it took almost four years for the first cannabis medicine to be produced. Ideally, it would have been a great progressive step if productions of cannabis medicine were to start immediately. In contrast to this, sources have claimed that Alef Medical Argentina has yet to obtain approval for its first batch of production.

The move is expected to improve prospects within the cannabis industry but experts believe there is still a long road ahead. According to a report, the local legal cannabis market in Argentina only meets about a fraction of the demand of the population. A majority of these needs are met with imports under a special scheme that allows the ‘compassionate-use’ of medical marijuana products.

“This is a solution for cannabis companies that want to export to individual patients in countries such as Brazil or Argentina but face the logistical and economic impracticality of having to obtain at origin an export permit for each individual shipment,” says Bruno Guella, MD of MVD Free Airport.

Barriers in the industry

The progress of practical steps to relax laws in the cannabis industry has been very slow in Argentina. One of the most historic moves by the government was perhaps a unanimous approval to legalize medicinal usage of cannabis in the country. All 58 senators who were present during the voting session on cannabis legalization favored it.

Although the new laws do permit medical usage of marijuana, only limited strains are qualifiable to pass the legal barrier. Not all cannabis derivatives are permitted to be used, even medicinally. In addition, only a limited number of qualifying medical conditions make a patient eligible to receive treatment through marijuana. This has created many barriers for those outside the list of qualifying conditions to get access to treatment.

In addition to this, cultivation, resale, and production of the plant are strictly prohibited for personal recreational use. Those found committing the crime can be jailed for 15 years on top of paying fines. Only government authorized agencies can permit or process cultivation, production and resale of the drug.

However, the legislature makes a provision for importing certain products.

The costs associated with the import of products have forced many patients to depend on the illicit drug market.

 

 

 

A graduate in Bachelors of Business Administration, Yumna Haq is an ardent researcher and a dedicated writer. Having lived in three different counties, her cultural exposure is vast, allowing her to reflect more knowledge in her work. She's currently working for Cannabis Health Insider as a news writer.

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What Cause Biden To Change his Policies For Cannabis?

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Biden

Ever since Biden took office as president, reforms have been under discussion for formulating new cannabis regulations and legislation at both the federal and state levels. After the election, people and investors were hopeful that the cannabis industry would flourish and progress in multiple markets as the government introduces new cannabis legislation.

Members of Biden’s political party have put forward bills recommending decriminalization and legalization of weed at activities at the state level, reports Forbes. Some states have already legalized and decriminalized marijuana business activities. Others are still discussing and making amendments to formulate effective cannabis regulations.

Democrats, of which Biden is a member, promised to decriminalize marijuana and introduce new cannabis regulations. Everyone had the impression that the Biden administration would legalize and decriminalize marijuana without any delay. However, more than five months of the New Year have passed, and there is no change in federal cannabis legislation. The drug is still under the controlled substance list and remains 100 percent illicit on the federal level.

People and investors are beginning to doubt the Biden administration’s approach towards cannabis regulations. Some are immensely disappointed with the philosophical approach of authorities towards marijuana legislation.

Five Members of Biden Administration Got Fired, People Have Their Concerns 

The reason for firing five of the members from the Biden administration is not clear. But it is likely to be associated with their past cannabis use. New cannabis regulations suggest allowing individuals to apply for various jobs or continue a job even if they have used marijuana at any time in their life. However, such legislation has not yet been passed on the federal level.

Firing employees because of their past cannabis habits is not fair. Everyone at least once in their life has used marijuana intentionally or unintentionally. Even president Joe Biden has admitted to using marijuana in his past life. There was a time when the FBI did not hire people with past cannabis use. But the FBI changed its cannabis regulations more than a decade ago and permitted people who no longer use marijuana to apply for jobs in the FBI.

ALSO READ: Legalizing Cannabis Generates Jobs In Various States, Says Survey Reports

The change in FBI cannabis regulations does not occur over a day. Changes occur over the years and deep debates on national and international levels. Eventually, permission to apply for a job in the FBI requires that as long as you pass the drug test and are not using drugs anymore. Moreover, the FBI has made amendments over the years. The White House shall also consider making new cannabis regulations.

People find this unacceptable and are disappointed in the authorities as they have forced five individuals to leave office because of their past marijuana usage.

The MORE Act

The MORE Act is not yet practiced but is under process. The Marijuana Opportunity Reinvestment and Expungement Act will introduce great cannabis regulations. According to the MORE Act, it is better to remove marijuana from the list of controlled drugs.

Furthermore, it suggests that people who have overcome their habit of cannabis use shall not suffer bullying in society. They shall be given equal rights as any other citizen has. The White House passed this bill. In August 2020, a bill suggesting allowing people to continue their lives without being charged for cannabis use in the past.

ALSO READ: Medical Marijuana Use is Now a Crime in Indonesia

Such a bill was in favor of legalizing and decriminalizing marijuana. Does Biden’s perspective on renewing cannabis regulations get affected because of his son’s condition relating to substance use? If so, the president and his administration shall reconsider the cannabis legislation for legalizing and decriminalizing marijuana.

The cannabis industry has great potential and a margin for enhancement or making progress. It will help to generate huge revenue and improve the economy. Biden favors state-level legalization of marijuana. He shall make new cannabis regulations for the federal level too.

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Mother Supports Young Irish Boy’s Cannabis Addiction, Spending $590 a Week

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An Irish judge is inspecting for punishing a 16-year-old boy for his cannabis habit. The cannabis addict boy had the full support of his mother, who was spending $590 per week to support her boy’s cannabis addiction. The boy got into weed when he was charged with forthcoming a drug search last year.

Teenagers Becoming Cannabis Addicts

Breaking News Ireland reports the teenager appeared this week along with his father in the court, lying in wait for a pre-sentence probation report. Judge Kelly was surprised to know that the young Irish boy’s mother was giving him money to buy weed, supporting his cannabis addiction rather than working on the boy’s rehabilitation.

During an incident in Dublin, the boy was guilty when caught red-handed with a suspected controlled substance in a private area of his underwear. This incident took place in April of 2020 when the boy aged 15.

Since then, Paul Kelly, judge at Dublin Children’s Court, kept an eye on the teenager who was being supervised. The Breaking News reports that the probation service was going well.

Although the probation service was going well, this couldn’t bring a decrease in the judge’s concern about the teenager. The boy was still consuming about $147 on cannabis per week, which has a potential influence on the mental health of the boy.

Judge Paul Kelly looks forward to continuing the probation service and keep the boy under supervision, irrespective of the Probation Service’s suggestion.

Ireland Bleeding in Cannabis

A commenter to Mary Jane’s Diary notes the consumption of cannabis in Ireland, which shows people paid $37 per gram of weed in 2017. A GrassCity message board reports that people were spending $15 per gram of cannabis in 2015. The Reddit post of 2018 suggests people should get about 3.2 to 3.5 grams of cannabis for $74.

ALSO READ: New Zealand’s Jacinda Arden Admits To Cannabis Use In Past

Breaking News states that the boy chose to remain silent when asked about his awareness regarding the impact of cannabis addiction on mental health. Judge Kelly still alerted the boy about the diverse implication of cannabis for the future.

This week, the College of Psychiatrists of Ireland has come up with the issuance of their caution. The psychiatrists from Ireland College state that cannabis addiction has a lethal impact on the mental health of young individuals.

Dr. Gerry McCarney in the college stated that the use of cannabis has a drastic impact on young people, altering their ability to learn, problem-solving, cognitive behavior, and general emotional intelligence. Dr. Gerry McCarney warns individuals that cannabis addiction at young age alters their social behavior.

Cannabis Addiction Skyrocketed Hospital Visits

The college statement shows an incline in the hospital admissions of young individuals with cannabis-related diagnoses and cannabis addiction. An increase of 300 percent of such hospital admissions has been reported between 2005 and 2017. The police impounded 16 percent THC levels in weed. If youngsters use weed weekly or more frequently, one in three young individuals is prone to cannabis addiction.

Breaking News reports that Judge Kelly stated in this week’s court about the teenage boy who had been searching for work that there is a need to address the boy’s cannabis use.

ALSO READ: Cannabis Makes its Way Into Education – New Cannabis Courses On The Offer

Judge Kelly emphasized spending money to fulfill other necessities of the 16-year-old boy rather than on cannabis that will potentially harm his social life and physical well-being. Cannabis addiction of young people gives birth to a boatload of complications. The judge states that an updated probation report would be awaited in six weeks to address the young boy’s cannabis use.

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Marijuana Business Legislation Will Alter in New Jersey

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marijuana business legislation

Marijuana business legislation does not allow people of color, minorities, or women to fully and directly participate in cannabis-related businesses. Similar things happen in New Jersey, where Jamel Holley put forward a bill addressing the same subject. Marijuana business legislation and other bills for cannabis are under discussion in different states of the United States.

In New Jersey, marijuana business legislation and bills relating to its possession, sale, and other similar activities are the subjects of committee meetings. The process of making a new law, passing legislation, altering current bills that are in action, and including or excluding instructions from the legislature is not easy and does not occur in a day or two, reported NJToday.

It takes time, sometimes a month or even more than a year. These processes involve political discussions in the House, parliament, and committee. Authorities consider every aspect of a bill represented by any political representative. Marijuana business legislation is also undergoing a similar process. A member of the Democrat union, Jamel Holley, proposes the “New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act”.

What Marijuana Business Legislations Will Occur If Jamel Holley’s Bill is Approved?

Jamel Holley’s bill states new regulations for marijuana possession, sales, business activities, and many other changes in current marijuana business legislation. With the approval of the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act, individuals twenty-one years or older will be able to use cannabis easily. Marijuana business legislation will alter, and doing cannabis-related business will be legal within New Jersey.

ALSO READ: Strategies for Branding a Cannabis Business

Individuals aged 21 or above will not face criminal charges for possessing small amounts of cannabis and cannabis resins. The duties of the Cannabis Regulatory Commission will require expansion to implement this bill. It could cause alterations in marijuana business legislation. Cannabis Regulatory Commission will monitor the delivery, sales, cultivation, and manufacturing of weed and weed products. The commission will also regulate final product packaging and transportation of marijuana and cannabis resins.

The Cannabis Regulatory Commission in New Jersey will regulate the usage of marijuana for various purposes and check the contracts between investors and cannabis business owners. Regulating investors’ and owners’ policies is essential for bringing change in marijuana business legislation.

Why Jamel Holley Represented the Bill?

Following current legislation, minorities, women, and disabled dispensary owners are unable to fully manage and expand their cannabis stores. Moreover, the law in practice does not permit individuals to have more than one dispensary or marijuana manufacturing site or cultivation. Passing a bill represented by Jamel Holley in New Jersey doing cannabis business will be easy as it will enable revision of current marijuana business legislation.

Jamel Holley and Reynolds-Jackson represent their proposition. The aim of representing the bill was to bring change in the lives of minorities, women, and vendor cannabis owners who lack investment and are having a difficult time owning the cannabis business.

ALSO READ: Cannabis Legalization Bill On Its Way To Approval In Minnesota

People of minorities get low wages and cannot generate personal savings from them. Minorities have already suffered due to discrimination against current marijuana business legislation. According to Holley, revising cannabis policies to promote equity and improve the condition of minorities is essential to end the discriminating activities. It would be best if a revision in current policies occurs before legalizing and decriminalizing marijuana in New Jersey.

Under the bill, marijuana business legislation will occur. The bill allows investors to get up to 35 percent interest on their investment in up to seven cannabis dispensaries. Provided that these cannabis dispensaries are owned by women, minorities, or disabled veterans in New Jersey. This will resolve the issue of lack of capital investment and help people to run their businesses.

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