WHO reveals stance on rescheduling cannabis
After a nearly two-month delay, the World Health Organization released its recommendations for rescheduling cannabis.
Member states still must vote on the proposals - and that won't occur until at least March - but the changes would reclassify cannabis from the strictest category to one that recognizes a therapeutic value.
MJBizDaily takeaway: If the WHO’s member states vote to accept the proposals, medical marijuana companies would likely see many more countries open their doors to the industry, leading to new business opportunities around the world.
Each country would still need to develop its own regulatory framework, but insiders note the WHO’s recommendation is a positive first step.