• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Cannabis Market
    Cannabis News
    Cannabis Stocks
    • Cannabis Market
    • Cannabis News
    • Cannabis Stocks
    cannabis investing

    FDA Seeks Public Opinion on Cannabis Following WHO Request

    Bryan Mc Govern
    Apr. 10, 2018 04:05PM PST
    Cannabis Investing News
    Cannabis Investing

    The request from the World Health Organization is part of a larger effort by the group on potential changes to marijuana designations.

    The arbiter of medical regulations in the US is asking for public input on the international drug scheduling of marijuana following a request from the World Health Organization (WHO).

    The US Food and Drug Administration (FDA) launched an initiative online on Monday (April 9) encouraging feedback on the status of cannabis, its medical benefits and potential abuse risks following a WHO request.

    According to the US federal agency, the feedback on cannabis will be used to prepare a response for the WHO about abuse liability and diversion of the researched drugs. The FDA indicated in the document that it will accept comments until April 23.

    At the time of publication, the request has received 959 comments. The three highlighted comments on the web page all support the removal of cannabis as a controlled substance.

    “End the silly and outdated policy of restricting [cannabis]” one of the comments indicated. One commentator named Jim Barry, 45, said cannabis has helped him deal with bipolar and depression syndromes.

    WHO on path to investigate medical benefits of cannabis

    The actual call for comment from the agency is related to the “abuse potential, actual abuse, medical usefulness, trafficking, and impact of scheduling changes on availability for medical use of five drug substances,” according to the document.

    These specified substances are: cannabis plant and resin, extracts and tinctures of Cannabis, Delta-9-Tetrahydrocannabinol (THC), stereoisomers of tetrahydrocannabinol and cannabidiol (CBD).

    The FDA document alleges WHO will hold a special committee meeting in order to review the standing of the mentioned substances later this year during the 40th Expert Committee on Drug Dependence (ECDD).

    The document notes in a previous meeting that WHO acknowledged the increase in cannabis use for medical purposes among patients, as well as for therapeutic use.

    The organization noted that the categories of information for evaluating substances in pre-reviews are identical to those used in critical reviews and that the pre-review is a preliminary analysis, and findings should not determine whether the control status of a substance should be changed.

    The Committee also noted an increase in the use of cannabis and its components for medical purposes and the emergence of new cannabis-related pharmaceutical preparations for therapeutic use.

    Given the current state of cannabis as a controlled Schedule I substance under the Controlled Substances Act (CSA). Effectively placing cannabis as an illegal substance on a federal level in the U.S. Despite this, several states have changed their laws, legalizing marijuana.

    As research for CBD and other cannabis compounds increases a clash of policy and reality takes place in the US, organizations have started studies to develop the potential of the federally illegal drug.

    FDA to follow procedure but won’t recommend changes to the status of cannabis

    In the FDA document, it is acknowledged “CBD-containing products are in human clinical testing in several therapeutic areas.” However, none of these products have marketing approval from the agency.

    Despite the federal agency’s request for comments on cannabis, the U.S. Department of Health and Human Services (HHS) said it will not provide any recommendations on the “status of international control” for cannabis, or the other related substances.

    “Instead, HHS will defer such consideration until WHO has made official recommendations to the Commission on Narcotic Drugs, which are expected to be made in mid-2018,” the document from the FDA indicated.

    Last year deputy commissioner for policy, planning, legislation, and analysis for the FDA Anna K. Abram sent a notice requesting comments on the benefits of CBD alongside other substances. “CBD has been shown to be beneficial in experimental models of several neurological disorders, including those of seizure and epilepsy,” the document indicated.

    Investor takeaway

    Despite the intentions behind this request relating to WHO, it is still important to note the worldwide changes in cannabis outlook and policy are catching up with medical agencies.

    Investors should be aware of the potential for any changes in the status of cannabis-based on recommendations from an international medical agency.

    Don’t forget to follow us @INN_Cannabis for real-time news updates!

    Securities Disclosure: I, Bryan Mc Govern, hold no direct investment interest in any company mentioned in this article.

    cannabis investingfederal levelclinical testingcontrolled substances actfood and drug administration
    The Conversation (4)
    Tony Johnson
    Tony Johnson
    13 Apr, 2018
    Also I can be replied to at tjohnson@crownwmg.com
    0 Replies Hide replies
    Show More Replies
    Tony Johnson
    Tony Johnson
    13 Apr, 2018
    Also I can be replied to at tjohnson@crownwmg.com
    0 Replies Hide replies
    Show More Replies
    Tony Johnson
    Tony Johnson
    13 Apr, 2018
    I've been following the Cannabis news reports weekly for a couple of months now and I've never seen any reports on PotNetworking Holdings Inc. was is this? They seem to be a growing and thriving company in the market space with serious ownership in the market space? In the last 2 months alone they had revenue reports of over 2.2 Million from CBD oil alone. Does a company need to be a donor to your publication before it will get any write ups or how does a company get notice, I only ask because as a new investor I'm trying to get my news sources from a variety of sources and use Investing News as one of them. Thank You, Tony J St. Louis MO
    0 Replies Hide replies
    Show More Replies
    Tony Johnson
    Tony Johnson
    13 Apr, 2018
    I've been following the Cannabis news reports weekly for a couple of months now and I've never seen any reports on PotNetworking Holdings Inc. was is this? They seem to be a growing and thriving company in the market space with serious ownership in the market space? In the last 2 months alone they had revenue reports of over 2.2 Million from CBD oil alone. Does a company need to be a donor to your publication before it will get any write ups or how does a company get notice, I only ask because as a new investor I'm trying to get my news sources from a variety of sources and use Investing News as one of them. Thank You, Tony J St. Louis MO
    0 Replies Hide replies
    Show More Replies

    Go Deeper

    AI Powered
    Cannabis leaf over map of Australia.

    A State-by-State Guide to Cannabis in Australia

    Cannabis leaf on road marked with "2025," with sunlight in the background.

    New Cannabis Consumption Trends, Regulatory Shifts Seen Driving Market in 2025

    Latest News

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Cannabis Investing News Stocks

    extractX

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×