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Aurora Cannabis Inc (2)
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Close 2020-12-02 C$ 14.05
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Globe/AP say Canopy, rivals see UN give nod to weed

2020-12-02 08:28 ET - In the News

See In the News (C-WEED) Canopy Growth Corp

The Globe and Mail reports in its Wednesday, Dec. 2, edition that the UN Commission on Narcotic Drugs voted Wednesday to remove cannabis and cannabis resin from a category of the world's most dangerous drugs, which could impact the global medical marijuana industry. An Associated Press dispatch to The Globe reports that the Vienna-based UN agency said in a statement that it had voted 27-25, with one abstention, to follow the World Health Organization's recommendation to remove cannabis and cannabis resin from Schedule IV of the 1961 Convention on Narcotic Drugs, where it was listed with heroin and several other opioids. The drugs that are on Schedule IV are a subset of those on Schedule I of the convention, which already requires the highest levels of international control. The agency voted to leave cannabis and cannabis resin on the list of Schedule I drugs, which also include cocaine, Fentanyl, morphine, Methadone, opium and oxycodone. Wednesday's vote therefore does not clear UN member nations to legalize marijuana under the international drug control system. Taking weed off the strictest schedule could lead, however, to the loosening of international controls on medical marijuana.

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