President Donald Trump tells reporters Friday that he would probably support a bipartisan bill introduced on Thursday to end the federal government's ban on marijuana. This new marijuana legislation filed by Sens. Elizabeth Warren (D-MA) and Cory Gardner (R-CO) would allow states to decide for themselves what marijuana laws work best for their voters. Over 30 states have already legalized marijuana for either medical, or recreational purposes, which is in direct conflict with federal cannabis laws.
Till date, the federal government has marijuana classified as a schedule 1 drug, which places it alongside illicit drugs like cocaine, heroin, and LSD. This classification also banned all federal funding for scientific research on marijuana's possible health benefits, which have become very apparent in recent years.
The bill was introduced Thursday and already has support from both republicans and democrats in Congress, plus Millions of Americans will also likely support this bill easing marijuana restrictions nationwide.
Currently, medical marijuana patients in Florida and other states across the nation treat many conditions using cannabis, with an underlying fear of federal prosecution. This is because even though your state may legally allow the use of cannabis, the feds do not. This bill, if passed, will drastically change the landscape of marijuana in this country for patients and businesses.
Patients under the care of a medical marijuana doctor receiving treatment for a qualifying condition. may soon be able to use insurance to cover at least a portion of their medical bills. Under current federal law nationwide insurance companies won't cover medical marijuana treatments because they are classified as a schedule 1, making pot illegal federally.
This certainly included millions of Americans on medicade and medicare that can't afford medical marijuana treatments on their own. Many of these folks are forced to take legal opiates to treat their conditions and have unfortunately become part of the opioid epidemic in the United States, which claims the lives of over 110 people per day.
Plus the US banking system may be able to invest in marijuana businesses and allow cannabis dispensaries to use their checking and savings accounts, to conduct "green" business. At this time none of the major banks will allow marijuana-related business owners to conduct legal marijuana transactions using their bank accounts. Dispensaries are forced to find alternative money sources, which in some cases means keeping large amounts of cash on hand.
Either way, you view marijuana in America today the health benefits that patients are getting through supervised medical marijuana treatments are undeniable. Federal funding for more research would most likely unlock many more advancements in patient care, for Americans seeking relief.