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Home 🌿 Medical Cannabis News 🌿 5 Stunning Comments From President Obama Regarding the Potential Legalization of Marijuana 🌿5 Stunning Comments From President Obama Regarding the Potential Legalization of Marijuana
Just when marijuana supporters thought things couldn't get any better, last week brought incredible news.
On Tuesday, March 10, three Senate members introduced a bill that would make medical marijuana legal on a federal level and free legal medical marijuana users from the potential for federal prosecution.
In addition, the bill, known as the CARERS Act, would allow banks to lend to medical marijuana businesses, could open the door for medical marijuana research by removing lengthy and costly hurdles (something GW Pharmaceuticals' (NASDAQ: GWPH ) shareholders would love to see), and would require the modification of the Controlled Substances Act that currently labels marijuana as a schedule 1, or illicit, drug to a schedule 2 drug. Even if the bill fails to pass on its initial introduction, it's a landmark step that signifies just how far the support for marijuana's legalization has come in a matter of a decade.
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