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420 with CNW — Senior Living Facilities at Crossroads as Marijuana Laws Change

Nov 14, 2022 | Cannabis News Wire, Media Partners

This post is presented by our media partner Cannabis News Wire

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As more states legalize cannabis, residents of senior living communities are using the substance more and more, and this is putting the operators of those facilities in the spotlight regarding how they respond to this reality.

At the moment, marijuana is categorized as a schedule 1 substance, the same category as heroin, MDMA, LSD and cocaine. While President Joseph Biden instructed the attorney general and the health and human services department to review this categorization, the law is the law, and marijuana users are still regarded as criminals. Public opinion has changed sharply on this matter, and pressure is mounting to allow cannabis to be used medically and recreationally.

For senior living facilities, the legalization of marijuana in 37 states has created some leeway for the management at those facilities to come up with policies guiding the use of the substance. Some facilities have opted to do nothing and ask no questions about the use of marijuana by the residents in their communities. This group is taking a big risk because legal and other issues can arise when the facility doesn’t have any guidelines in place. For example, what would happen if a resident sued a neighbor in the community for using marijuana on the premises?

Other facilities, such as Silvarado, which operates senior living locations across several U.S. states from one coast to the other, have opted to allow their residents to use marijuana in states where the substance is legal. They say that anecdotal reports indicate that medical marijuana is of some help to patients with memory loss issues, such as Alzheimer’s.

Surveys also show that baby boomers are increasingly turning to cannabis for relief from various symptoms, including insomnia, chronic pain and anxiety. This means that senior living facilities will sooner or later have to consider what position to take with regard to marijuana use within their communities since more and more of their residents will be using or consider using marijuana, whether for recreational or medical purposes.

The executive order mandating the review of marijuana’s status in the Controlled Substances Act is one of the many steps and processes that may need to be performed before any changes can be made. The United States Drug Enforcement Administration (DEA) is likely to have a big say in any recommendations made at the conclusion of the review and how those recommendations are to be implemented. It may be several years before senior living communities and companies with interest in the marijuana industry, such as Advanced Container Technologies Inc. (OTC: ACTX), have a clear answer as to what policy direction is likely to emerge from the review process.

NOTE TO INVESTORS: The latest news and updates relating to Advanced Container Technologies Inc. (OTC: ACTX) are available in the company’s newsroom at https://cnw.fm/ACTX

About CNW420

CNW420 spotlights the latest developments in the rapidly evolving cannabis industry through the release of two informative articles each business day. Our concise, informative content serves as a gateway for investors interested in the legalized cannabis sector and provides updates on how regulatory developments may impact financial markets. Articles are released each business day at 4:20 a.m. and 4:20 p.m. Eastern – our tribute to the time synonymous with cannabis culture. If marijuana and the burgeoning industry surrounding it are on your radar, CNW420 is for you! Check back daily to stay up-to-date on the latest milestones in the fast -changing world of cannabis.

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