The United Nations, after some consultation with the World Health Organization, has taken marijuana known locally as wee off the list of dangerous narcotics.
The United Nations’ Commission for Narcotic Drugs voted on Wednesday, December 2, 2020, to remove cannabis from Schedule IV of the 1961 Single Convention on Narcotic Drugs
The far-reaching implication of the move, according to Forbes, would impact research on marijuana and its medical use all over the world.
Before this decision was reached, cannabis and cannabis resin had been listed alongside drugs such as heroin, methadone, opium and cocaine in the ‘most dangerous drugs’ category.
The UN Commission for Narcotic Drugs voted for marijuana to be reclassified while 25 states voted against the decision. The United States and the vast majority of European nations voted in favor. China, Pakistan and Russia were among the countries that were opposed to the reclassification.
According to the Pew Research Center, 91% of Americans said they supported the legalization of marijuana, either for both medical and recreational use or solely for medical use.
The market for medical and recreational marijuana is projected to increase to more than $34 billion by 2025, according to analysts at the investment bank Cowen.