Credit: pixardi/Adobe Stock How Will the Federal Reclassification of Marijuana Affect New Jersey's Cannabis Industry?
"After nearly 55 years, it appears the federal government is catching up with the times and will recognize that marijuana has an accepted medical use," write Michael F. Schaff and Jennie M. Miller.
June 12, 2024 at 11:00 AM
7 minute read
Marijuana
Marijuana has been classified as a Schedule I drug since Congress enacted the Controlled Substances Act (CSA) in 1970. Under the CSA, Schedule I drugs are deemed to have a high potential for abuse and have no accepted medical use. For perspective, other drugs listed as a Schedule I drug include, but are not limited to, heroin, lysergic acid diethylamide (LSD) and ecstasy. However, as of the writing of this column, 38 states have legalized medical marijuana and 24 states have legalized recreational, adult-use marijuana.
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