The United Nations Commission on Narcotic Drugs (CND) on Wednesday accepted a World Health Organization (WHO) recommendation to remove cannabis and cannabis resin from Schedule IV of the 1961 Single Convention on Narcotic Drugs.
The historic vote in Vienna could have far-reaching implications for the global medical cannabis industry, ranging from regulatory oversight to scientific research into the plant and its use as a medicine.
The eagerly awaited approval of Recommendation 5.1 had a slim majority in favor with 27 votes for, one abstention and 25 votes against.
The CND – the main drug policymaking body within the United Nations – turned down all five remaining recommendations.
The passage of Recommendation 5.1 carries broad symbolic significance for medical cannabis, as it could help boost medical cannabis legalization efforts around the globe now that the CND tacitly acknowledges the medical utility of the drug.
“The medical cannabis wave has accelerated in recent years already, but this will give it another boost,” Martin Jelsma, drugs and democracy program director at the Netherlands-based Transnational Institute, told Marijuana Business Daily.
“And for those countries that basically mirror the U.N. scheduling in their domestic legislation, it may lead to national descheduling and remove obstacles to use cannabis for medical and research purposes.”
Our Opinion On the United Nations Vote
This is a historic moment and milestone for the cannabis movement. This will help the efforts toward legalization and have will allow states in the U.S that legalize to reap the benefits like Oklahoma now affectionately know as Tokelahoma, Colorado, and others have. These cannabis industry statistic show the positive effects of legaliztion and this vote will add to this impact. It will also boost the performance of cannabis stocks and entice more celebrities to start their own cannabis brands.
We believe that as the marijuana friendly countries increase their GDP with taxes etc the countries that did not vote for this will turn over a new leaf.