CURRENT PATIENT NEEDS & ECONOMIC OPPORTUNITIES
Texas Legislative Report: Legalization of Medical Marijuana
"The load being placed upon emergency services, hospitals, and child welfare agencies as a result of this crisis has been catastrophic to these communities and Texas as a whole.
With the CDC measuring opioid death rate in only 9 out of 254 total counties, Texas has been incorrectly led to believe that the state does not have an opioid problem, but the professionals providing emergency response, child welfare, and healthcare services to many Texas communities believe otherwise. While the solution to the opioid crisis is elusive, Medical Marijuana programs have been shown to reduce significantly the overall effects of opioid abuse and death in other states.
The veteran population of Texas is growing and is projected to grow into the largest such population in the U.S. by 2027.14 Veterans are statistically more likely to abuse opioids and to be adversely affected by PTSD and suicide.15 16 17 In addition to reducing opioid abuse among the general population, an effective Medical Marijuana program would provide Texas’ veteran population with healthcare solutions and treatments for their conditions not possible given the laws currently prohibiting such a program.
In addition to the strains and burdens upon the people, facilities, and governmental institutions of Texas, Medicare Part D spending continues to rise, in part due to opioid abuse. During 2013, seventeen states and the District of Columbia realized a savings of $165.2M in Medicare Part D spending because they had an effective Medical Marijuana program in place.19 With a similar Medical Marijuana program, Texas can also experience similar savings.
Finally, people nationwide are seeing the benefits of Medical Marijuana with voter approval at an all-time high. A recent study shows 83% of Texans approve Medical Marijuana .20 Further, the approval rating among Republicans has grown to 51% with party leaders like former Republican Speaker of the House, John Boehner, saying they have had their “thinking on cannabis evolve” over the past several years.
Texas has a golden opportunity to save lives, cut costs, and enrich the lives of its citizens. The time for an effective Medical Marijuana program in Texas has come. Please contact Elizabeth Nichols of the Rosebud Group to find out more about how you can effectively support local, district, and statewide efforts to legalize Medical Marijuana in Texas."
Texas is in need of Medical Marijuana to help combat the opioid crisis, reduce the strain of opioid addiction on county and state resources, and improve the health and well-being of Texans, including the ever-growing veteran population.
Texans are more ready and willing to accept a viable Medical Marijuana program now than ever before.
Bloomburg - Craig Gimmonna
"The cannabis startup backed by former Speaker of the House John Boehner is set to become one of the most valuable companies in the U.S. weed industry."
"The company raised $314 million in a private placement that values it at about $2.8 billion."
"Legal cannabis sales are expected to rise above $10 billion in the U.S. ..."
Green Market Report - Debra Borchardt
"Acreage Holdings, Inc. delivered fourth-quarter revenue of $10.5 million for an increase of 380% over the previous year’s $2.1 million."
Marijuana Business Daily
"Former U.S. House Speaker John Boehner announced a new, industry-funded group to lobby for marijuana reform in banking, taxes and research, a move that will put a political heavyweight behind the MJ industry’s efforts to overhaul federal cannabis policy.
The National Cannabis Roundtable will consist of members representing all aspects of the industry, including growers, processors, retailers, investors and entrepreneurs... The lobbying group will represent cannabis businesses in 23 states and the District of Columbia, Axios and The (Cincinnati) Enquirer reported."