The cannabis industry hit a significant milestone on February 22nd, as Pure Jamaican announced its first legal exports of THC to the U.S. for analytical testing. This groundbreaking news quickly captured the attention of the Cannabis Business Times (CBT) audience, marking a historic moment in international cannabis trade amid the U.S.'s ongoing federal prohibition, which includes restrictions on interstate commerce among state-legal programs.
The Popularity of International Cannabis Trade News
The fascination with Pure Jamaican's announcement likely stems from the allure of international cannabis trade entering the U.S. market, a concept that has been largely theoretical due to federal laws. Pure Jamaican and its GMP-certified licensed pharma manufacturer, Seven-10 Pharmaceuticals, have outlined plans to request U.S. Drug Enforcement Administration (DEA) permits for shipping THC products from Jamaica to the U.S., contingent on the DEA's reclassification of cannabis.
DEA Rescheduling Cannabis: A Focal Point of Interest
The anticipation around the DEA's potential decision to reclassify cannabis as a Schedule III drug under the Controlled Substances Act (CSA) was a major theme in this month's most-read articles. This includes significant interest in the DEA and Attorney General's missed deadline to respond to a letter from 12 U.S. senators, an issue confirmed by multiple congressional staffers. Additionally, a feature exploring the history of NORML’s first rescheduling petition—which highlighted the DEA's 1975 admission that rescheduling cannabis does not breach international drug treaties—garnered considerable attention.
Other Notable Reads
Other popular reads for the month included CBT’s January/February cover story, “Lume’s Rapid Rise,” showcasing how Michigan’s largest cannabis operator grew from $2 million to nearly $200 million in revenue in four years. Articles on the prospects for medical cannabis legalization in the remaining states without such laws also piqued readers' interest.
Conclusion: A Pivotal Moment for Cannabis Industry
Pure Jamaican's legal THC exports to the U.S. represent a pivotal moment for the cannabis industry, symbolizing the potential for international trade and the evolving landscape of cannabis legislation. As the industry and its followers keenly await the DEA’s decision on cannabis reclassification, this development underscores the growing momentum towards cannabis legalization and reform, both domestically and internationally.
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