[inaudible conversations] good morning the subcommittee will now come to order. Welcome to everyone that is here in the hearing room. The chair now recognizes herself for an opening statement. According to dhs National Survey on drug use, 44 million americans reported using cannabis in the last year. Thirtythree states now allow the medicinal use of cannabis and in the district of columbia have legalized for adult use. State laws and federal policy are 1000 miles apart. The federal governments still strictly prohibits even restricting legitimate medical research. Widespread availability of cannabis is the purpose of the hearing to examine the pressing need for medical research of cannabis and the chemical compound with cbd being one of them. Half a century ago the congress listed cannabis as schedule one substance including heroin heroine, lsd, and ecstasy. Schedule one drugs have no medical value in high potential for abuse. Scheduled to drugs such as cocaine and vicodin even schedule
Including the implications of changing its drug schedule listing and the potential of Cannabis Research. Witnesses from the food and Drug Administration and the Drug Enforcement agency testify on current marijuana policy, the Health Effects of cannabis, and what steps congress can take to allow for more research of cannabis compounds and products. The subcommittee on health will now come to order. Welcome to everyone thats here in the hearing room. The chair now recognizes herself for five minutes for an Opening Statement. According to the department of health and Human Services National Survey on drug use, 44 million americans reported using cannabis in the last year. 33 states now allow the medicinal use of cannabis and 11 states and the District Of Columbia have legalized cannabis for adult use. But state laws and federal policy are a thousand miles apart. As more states allow cannabis, the federal government still strictly controls and prohibits it even restricting legitimate medic
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Heated tone from the u. S. And china. Financials, semis and industrials are all lower and full Team Coverage coming up dom chu is tracking it phil lebeau with details of on headache for boeing. Market down 333. The low of the session 425 down. The dow higher this session down 205 and red throughout the session as you can see sharp selling. Lets bring in Rebecca Patterson with us for the full first hour of the show. Good afternoon whats the spark again for the selling . Last week a nice end to what was obviously a negative month of august. I think what it boils down to is its not about the cost of capital. It is not about the level of Interest Rates, the stimulus it is the confidence to spend so we can make Interest Rates as low as you want but if you dont have companies and households to borrow and take that money and buy something with it, whats the point . Thats the conundrum we saw it in the trade rhetoric today. It is eroding confidence thats driving us right now. Can the fed or Ce
A daunting proposition when the weather is going to turn to 97 degrees later this week. To the day,his is, the anniversary of when it happened in 1997. Questions. A lot of in the meantime, it is a quiet morning ahead of the u. S. Open. Some muted price action. Brent crude reaching the highest level since may. German three year yield dipping a basis point. On theg market currency heels of a less bad that expected gdp report from china. David today we mark the beginning of a big week for bank earnings. At 8 00,with citi tomorrow. Y jp morgan we also get retail sales and Industrial Production numbers. Companies Tech Companies face questions on capitol hill. Netflixy, we get earnings. Thursday, gm unveils its own new made engine corvette. In british open begins northern ireland. That is all coming up this week. We are joined today by Gina Martin Adams and damian sassower. Lets start with those china numbers. I will put up a chart that basically shows what happened. It was the lowest on rec