The U.S Drug Enforcement Administration is moving to reclassify marijuana as a less harmful drug in the eyes of the federal government.
No, this wouldn't in any way make marijuana federally legal. But it completely shakes up how the industry pays for it, how we think of weed, and what we can learn about it.Overwhelming majority of US adults say cannabis should be legalized Scripps News Staff 12:39 PM, Mar 28, 2024 Missouri legalized recreational marijuana in February 2023. In the first year alone, the state reported more than $1 billion in sales.
Peter Andreone, attorney at Kennyhertz Perry Law, explained the federal tax burden the industry faces because weed is classified as a Schedule I drug.For some businesses, that can mean hundreds of thousands of dollars.Is marijuana banking reform on the way? Stephanie Liebergen 10:36 AM, Oct 19, 2023 Moving to Schedule III would eliminate that burden. It also eliminates decades of stigma.
"For things like the gut or the brain or emotions, you know, all the things that users will report, now have the opportunity that we can actually go put science to them,” Wilson said.