Study: Marijuana Stores Associated With Increased Home Values

Medical and recreational marijuana dispensaries are associated with a significant increase in home value, according to a new study published by the journal Contemporary Economic Policy.

(Photo: DenverHomeLender.com).

For the study, titled The effect of marijuana dispensary openings on housing prices, researchers evaluated “the effect of medical and recreational dispensary openings on housing prices in Denver, Colorado.” Using an “event study approach”, they found that “the introduction of a new dispensary within a half‐mile radius of a new home increases home prices by approximately 7.7% on average.”

The study notes that this effect “diminishes for homes further from new dispensaries but is consistent over time.” Researchers conclude by stating that “Our results provide important and timely empirical evidence on the socioeconomic impacts of marijuana legalization.”

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U.S. Congress Approves Bill to Legalize Hemp, Sending it to President Trump

Both the U.S. House of Representatives and Senate have passed the 2018 Farm Bill, which includes a provision to legalize hemp throughout the country.

The 2018 Farm Bill was passed by the House today by a vote of 369 to 47. The vote comes a day after the Senate approved the same bill 87 to 13. Now that it’s been passed by the full Congress it will be sent to President Trump, who has said he will sign it into law once given the opportunity.

The legislation is a wide-reaching bill that covers many facets of the farming industry. A provision in the measure, put forth by Senate Majority Leader Mitch McConnel, removes hemp from the federal list of controlled substances. This effectively legalizes it throughout the country, allowing farmers to grow it as they can any other agricultural commodity such as tomatoes.

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New Zealand Parliament Approves Medical Marijuana Legislation

New Zealand’s parliament on Tuesday passed legislation to legalize medical marijuana through its third and final vote.

The legislation will now go through Royal Assent (a formality for a measure to become law), and will take effect the following day. Rules to regulate licensing and quality standards will be established in the next 12 months, reports the Marijuana Business Daily. The bill also removes cannabidiol as a controlled drug, instead making it a prescription medicine.

The initial bill would have allowed for cannabis use by anyone with a diagnosed terminal illness – which would have greatly limited its application. That was broadened in the final months of debate to include any patient requiring palliation.

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California Officials Say Cannabis Deliveries Can Be Made Anywhere, Even in Cities Where Marijuana is Banned

California’s Bureau of Cannabis Control said on Friday that marijuana deliveries can be made anywhere in the state, even in localities that ban marijuana businesses.

The issue has been one of the most debated issues as state regulators hammer out permanent rules for how marijuana is grown, tested, packaged and delivered, reports the Associated Press. Law enforcement groups and the California League of Cities opposed the move.

The delivery issue was included in regulations drafted by the Bureau of Cannabis Control, which issues most retail permits. The rules will become law in 30 days unless California’s Office of Administrative Law objects.

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U.S. Surgeon General Says We Need to Reconsider How We Schedule Marijuana

U.S. Surgeon General Jerome Adams says we should look into how we schedule marijuana, and that its current schedule hinders medical research.

Surgeon General Jerome Adams (photo: Chip Somodevilla / Getty Images).

“Just as we need to look at criminal justice laws, rules and regulations, we need to look at health laws, rules and regulations, and that includes the scheduling system,” said Adams during a recent question and answer session at a Police Assisted Addiction Recovery Initiative conference. “I’ll take it somewhere else: marijuana. We need to look at the way we schedule different medications across the board, because one of the concerns that I have with marijuana is the difficulty that the folks have to do research on it, because of the scheduling system.”

Currently marijuana is a schedule 1 drug, meaning it has absolutely no medical value; other schedule 1 drugs include heroin, LSD and MDMA. Marijuana’s status as a schedule 1 drug makes it almost impossible for most researchers to study it in a comprehensive and unbiased manner.

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Study: CBD Reduces Airway Inflammation and Fibrosis in Experimental Allergic Asthma.

According to a new study published by the European Journal of Pharmacology, and epublished by the U.S. National Institute of Health, cannabidiol (CBD) reduces airway inflammation and fibrosis in experimental allergic asthma.

“Asthma remains a major public health problem and, at present, there are no effective interventions capable of reversing airway remodelling”, states the study’s abstract. “Cannabidiol (CBD) is known to exert immunomodulatory effects through the activation of cannabinoid-1 and -2 (CB1 and CB2) receptors located in the central nervous system and immune cells, respectively.” However, “as the role of CBD on airway remodelling and the mechanisms of CB1 and CB2 aren’t fully elucidated, this study was designed to evaluate the effects of cannabidiol in this scenario”

For the study. allergic asthma was induced in mice. “CBD treatment, regardless of dosage, decreased airway hyperresponsiveness, whereas static lung elastance only reduced with high dose.” These outcomes “were accompanied by decreases in collagen fibre content in both airway and alveolar septa and the expression of markers associated with inflammation in the bronchoalveolar lavage fluid and lung homogenate.”

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Marijuana and Marijuana Concentrates Become Legal in Michigan on December 6

The possession of marijuana and marijuana concentrates will become legal in Michigan next week on Thursday, December 6.

Michigan’s Board of State Canvassers certified the election results for Proposition 1 on Thursday, meaning that key provisions of the initiative will take effect 10 days after, on Decebember 6. Starting that day, those 21 and older in the state will be allowed to possess up to 2.5 ounces of marijuana and up to 15 grams of marijuana concentrates. In addition, they will be allowed to grow up to 12 marijuana plants at a private residence.

The initiative also legalized marijuana stores, though they won’t be open for some time. The Department of Licensing and Regulatory Affairs now has up to 12 months to begin accepting applications from those seeking to operate legal marijuana businesses. Marijuana retail outlets are expected to open sometime in 2020.

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Oregon Officials Certify Initiative to Legalize Medical Magic Mushrooms

An initiative by the Oregon Psilocybin Society (OPS) that would legalize the medical use of magic mushrooms has been certified by state officials.

“The Psilocybin Service Initiative of Oregon has been titled!”. said OPS in a recent Tweet. “In December PSI will begin gathering the 140K signatures to get it on the 2020 ballot. Learn how YOU can support this historical campaign from anywhere on earth by visiting http://www.psi-2020.org .”

Specifically, the initiative would allow licensed medical professionals such as physicians to prescribe psilocybin, which is the hallucinogenic ingredient found in magic mushrooms. The initiative would make Oregon the first state in the U.S. to legalize magic mushrooms for medical use, similar to how California was the first to legalize medical marijuana back in 1996.

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South Korea Legalizes Medical Cannabis

South Korea has became the first country in East Asia to legalize medical cannabis.

The country’s National Assembly voted last week to approve amending the Act on the Management of Narcotic Drugs to pave the way for non-hallucinogenic dosages of medical cannabis prescriptions, reports the Marijuana Business Daily.

Under the new law, medical marijuana will still be tightly restricted. In order to receive medical cannabis, patients would be required to apply to the Korea Orphan Drug Center, a government body established to facilitate patient access to rare medicines in the country. Patients would also need to receive a prescription from a medical practitioner, and approval would be granted on a case-by-case basis.

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New Jersey Committees Pass Legislation to Legalize Marijuana

New Jersey’s Senate and Assembly Appropriations Committees approved legislation today that would make marijuana legal for everyone at least 21 years old.

By a vote of seven to two, with four members abstaining, the Senate Budget and Appropriations Committee approved Senate Bill 2703 today, which is sponsored by Senator Nicholas Scutari. Also today, the Assembly Appropriations Committee approved Assembly Bill 4497, sponsored by Assemblywoman Annette Quijano, by a vote of six to one, with two members abstaining. The measures will now go to the full chambers for a vote; passage in both chambers would send the legisaltion to Governor Murphy, who made legalization one of his top platforms during his successful election campaign last year.

According to the Marijuana Policy Project, the legislation:

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