National Institute on Drug Abuse Director Says Cannabidiol is Safe and Nonaddictive

Nora Volkow, Director of the National Institute on Drug Abuse.
Nora Volkow.

Nora Volkow, the director of the National Institute on Drug Abuse (NIDA), says that cannabidiol (CBD) – a compound found in cannabis – is “a safe drug with no addictive effects.” The comments were made in an op-ed for The Huffington Post.

“[P]reliminary data suggest that [cannabidiol] may have therapeutic value for a number of medical conditions”, says Volkow.

Volkow notes that “Studies related to its possible use in the treatment of substance use disorders are being funded by NIDA, while other NIH [National Institute of Health] Institutes are funding work on the potential of CBD and other cannabinoids in treating neurological and psychiatric disorders, disorders of the immune system and metabolism, and cancer.”

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Feds to Soon Release Memo Giving OK to Cannabis Banking

Cannabis businesses wanting the ability to bank legitimately are likely to get at least a “yellow light” allowing them to do so as soon as the new year, says Jack Finlaw, Chief Legal Counsel for Colorado Governor John Hickenlooper. cannabismoney

“What we’re being told,” says Finlaw, “is probably in the first quarter of 2014 there will be some guidance issued that’s comparable to the Cole memo from the Department of Justice that will give, maybe not a green light, but a yellow light to banks to allow them to do business [with cannabis businesses] — to take deposits, to set up checking accounts, to set up small business loans, to allow these businesses to accept purchases through debit cards or credit cards, to allow what normal businesses are allowed to do.”

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Why This DEA Agent Left His Job To Help Sell Marijuana

By Matt Sledge, HuffingtonPost.com

He’s been a cop, a sheriff’s deputy and a DEA agent. And now Patrick Moen is taking on his latest assignment: helping sell marijuana. But he isn’t going undercovercannanuglets — he’s going to work for a legal business that supports the marijuana industry.

Moen recently left his job with the DEA in Portland, where he tracked cocaine and methamphetamine traffickers, to work for a small private equity firm in Seattle called Privateer Holdings.

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