Peter Murphy, left, and Zachary Kobrin, right, of Saul Ewing. Courtesy photos Legal and Economic Impacts of Cannabis Rescheduling
Opinions vary on how rescheduling could impact existing state medical and adult-use regulatory schemes, but industry participants seem to agree that such a move would foster industry growth, reduce criminalization, and expand access to cannabis products.
May 06, 2024 at 09:13 AM
9 minute read
Special Sections
On April 30, the U.S. Department of Justice (DOJ) issued a statement confirming its intent to reschedule cannabis from Schedule I to Schedule III under the 1970 Controlled Substances Act (CSA). Rescheduling cannabis from Schedule I to Schedule III represents a historic shift in federal policy with wide-ranging legal, regulatory, economic and health care implications. DOJ's action comes seven months after the formal recommendation by the U.S. Department of Health and Human Services (HHS) to the U.S. Drug Enforcement Agency (DEA) that cannabis be removed from Schedule I.
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