Puerto Rico Moves to Legalize Medical Marijuana
Ryan Allway
May 4th, 2015
Policy, Top News
Puerto Rico governor Alejandro Garcia Padilla signed an executive order to allow marijuana to be permitted for medical uses this week, which will go into effect immediately after a lengthy public debate on the U.S. territory.
The territory’s health secretary will be given three months to prepare a report on how the executive order will be implemented, which could open the door for many patients to access much-needed medicine to treat pains associated with multiple sclerosis, AIDS, and cancer among other things.
While the executive order is signed, there are a lot of questions remaining concerning who would be eligible to consume medical marijuana and whether the drug will be imported or grown on the island.
The possession of any amount of cannabis has historically been punishable by up to five years in prison and a $5,000 fine, although many cannabis advocates point to the fact that these policies have done little to prevent the drugs proliferation throughout the island nation. Patient testimonials were the primary driver behind the recent move to legalize the drug for medical uses.
Many Puerto Ricans are hoping that the drug’s legalization could also help boost the territory’s fledging economy. With $70 billion in debt, 15% unemployment, and 45% of the population living in poverty, a medical marijuana industry could help boost jobs locally, while meeting a real medical need.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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