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Many industry experts believe that federal cannabis legalization is inevitable. Everything seems to be pointing in that direction, but the experts also agree that it isn’t happening very soon. There are several measures that the House has before it now. But while cannabis advocates do want legalization, not all the measures may be the best way for the industry to go. One industy expert said that legalization measures such as the Cannabis Administration and Opportunity Act (CAOA) could actually be detrimental for the majority of cannabis businesses. Enormous taxes in CAOA could keep illegal cannabis blossoming, and only the large corporations would survive. But there are other potential measures, such as the State Reform Act, which could be better for the industry as a whole. This measure Federally decriminalizes cannabis and fully defers power over regulation to the states, similar to alcohol. Any legalization measures, though, are still up against the many lawmakers who still do not support cannabis, even for medical usage. Benzinga news spoke to an industry insider on what is needed for those lawmakers to change their minds. They say the backing from American doctors is what is truly needed. And in order to get that, they need published results in Medical Journals from successful human trials. Getting human research trials successfully published in medical journals must be done through the proper legal channels, which can be tricky and complicated. But one group, comprised of the nonprofit organization Battle Brothers Foundation and Israeli company, NiaMedic Healthcare and Research Services, has just gotten such approval, and can now begin. Everything takes time, but there is movement towards cannabis legalization coming from many different directions, such as this one. And one of these days, one of those directions will get us there. Hopefully, in a manner that can benefit the industry as a whole, not just the few enormous multi-state operators.
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