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Morning Brew Daily
Hurricane Idalia’s Multibillion $$$ Impact & Narcan Goes Over-The-Counter
Aug 31, 2023
28:57
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Neal discusses the impact of Hurricane Idalia on Floridians' recovery plans. Toby talks about how easing marijuana restrictions would affect the cannabis market and the availability of Narcan, the first overdose treatment to be sold on drug store shelves.
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Quick takeaways
- Reclassifying marijuana as a Schedule III drug could significantly benefit the struggling cannabis industry by lowering tax rates, increasing access to banking services, and facilitating research.
- The availability of Narcan without a prescription is a critical step in combating the opioid crisis, but the high cost may limit access for those who need it most.
Deep dives
Reclassification of Marijuana as a Schedule III Drug
US health officials have requested the reclassification of marijuana as a Schedule III drug under the Controlled Substances Act. This reclassification would acknowledge its legitimate uses and potentially bring significant benefits to the struggling cannabis industry. It could lower tax rates for cannabis companies, increase access to banking services, and facilitate easier research on the drug. While the move is seen as revolutionary, it falls short of providing a comprehensive regulatory framework for the industry.
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