Morning FastCast digital headlines for Tuesday, April 30, 2024.JUNEAU, Alaska - Alaskans on Tuesday reacted to reports from multiple sources that the Biden Administration intends to reclassify regulation of cannabis from Schedule I to Schedule III, altering its categorization to match drugs considered to be less dangerous. Schedule I is the most strict, and includes drugs such as heroin and LSD.
Attorney Jana Weltzin – who is a board member with the Alaska Marijuana Industry Association – said the potential move by the federal government would be a huge benefit for businesses, because they would no longer be treated like “drug traffickers.” She also said such a change to reschedule the drug would be a relief for many businesses, in the event that they could deduct business expenses when filing taxes.
Weltzin said reclassifying cannabis from a Schedule I to a Schedule III substance does not necessarily mean marijuana will be legal for medical reasons across the country, and it will not legalize marijuana outright for recreational use, but it does mean the federal government recognizes it has value medically. As far as the move possibly leading to wide-sweeping change by the federal government to legalize marijuana, Weltzin said there could be unintended consequences.
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