Alabama has legalized medical marijuana.
The state’s Senate approved the bill, sponsored by Sen. Tim Melson, in a 21-8 vote on Wednesday.
The bill was approved by the state’s Senate committee earlier this month and sent to the full floor for review.
The legislation allows people with qualifying conditions to utilize cannabis for therapeutic reasons.
Upon establishing Alabama Medical Cannabis Commission, which will count 11 members, patients will be free to qualify for the program. In addition, the regulatory body will oversee licensing.
Patients suffering from anxiety, sleep disorders, post-traumatic stress disorder, and a dozen more conditions will be eligible to enter the program.
Turmush: Жительница Лейлека заявляет об избиении мужем Фото
turmush.kg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from turmush.kg Daily Mail and Mail on Sunday newspapers.
Turmush: Нет претензий к мужу: Жительница Узгена заявляет, что сама себя ударила ножом в живот
turmush.kg - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from turmush.kg Daily Mail and Mail on Sunday newspapers.
Corbus Pharmaceuticals Holdings Inc. (NASDAQ:CRBP) and
Zynerba Pharmaceuticals Inc. (NASDAQ:ZYNE), both posting gains of more than 40% this week.
Sundial Growers Inc (NASDAQ:SNDL) had a roller coaster week. The stock received attention from Reddit investor group r/WallStreetBets, which has over 8 million members. Sundial shares closed nearly 48.5% higher on Monday, dipped Tuesday, but spiked 16% on Wednesday. Gains for the week ultimately surpassed 38%.
As of Jan. 14, 35.79% of the float was short, and the group is known to target buying shares of companies such as
GameStop Corp (NYSE:GME) and
AMC Entertainment Holdings Inc (NYSE:AMC), which are heavily shorted as well.
Kansas Governor, Laura Kelly says the state is ready for medical marijuana legalization.
What’s more, Kelly argues that the revenue and taxation from medical cannabis sales could be used to support Medicaid expansion (h/t The Kansas City Star).
This is in contrast to the claim that the Sunflower State doesn’t have enough funds to support the expansion of Medicaid to help around 165,000 low-income residents.
“You have heard many of the comments coming from the opposition have been we can’t afford it,” Kelly said. “We have just designed a bill that pays for itself and more.”
Health insurance is a big issue in Kansas, with more than 200,000 state residents being uninsured, mostly because they have too high of a salary to qualify for Medicaid, and still not enough to pay for their healthcare insurance, the report continued.