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  • Post Time Posted June 14, 2018
Medical Marijuana Inc. the first publicly traded cannabis company in the United States, commented on the recent statement released by the Drug Enforcement Administration (DEA) on cannabidiol (CBD) products. 

The statement from the government agency is below. 

"Products and materials that are made from the cannabis plant and which fall outside the CSA definition of marijuana (such as sterilized seeds, oil or cake made from the seeds, and mature stalks) are not controlled under the CSA. Such products may accordingly be sold and otherwise distributed throughout the United States without restriction under the CSA or its implementing regulations."
The statement continued, "The mere presence of cannabinoids is not itself dispositive as to whether a substance is within the scope of the CSA; the dispositive question is whether the substance falls within the CSA definition of marijuana."

"This is great news for the cannabis industry, especially for those who are complying with the decision made by the Ninth Circuit Court of Appeals," said Medical Marijuana, Inc. CEO Dr. Stuart Titus. "We urge Congress to pass the 2018 Farm Bill, which would permanently remove hemp and hemp products from the purview of the Controlled Substances Act."

Source: https://www.prnewswire.com/news-releases/medical-marijuana-inc-applauds-deas-recent-clarification-on-cbd-companys-products-federally-legal-300666235.html


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