What Schedule III Really Means For Cannabis Industry And Consumers, Congressional Experts Explain
What are the legal consequences of rescheduling cannabis to Schedule III in the Controlled Substances Act (CSA)?Now that President Joe Biden has announced that his administration is officially moving to reschedule marijuana under federal law, followed by the Department of Justice's (DOJ) Attorney General Merrick Garland formally initiating the rescheduling process with the submission of a legal review, let's take a look at what Congressional Research Service's experts said in their recent report.Even though cannabis companies and legalization advocates overwhelmingly welcomed cannabis reform efforts "moving marijuana from Schedule I to Schedule III, without other legal changes, would not bring the state-legal medical or recreational marijuana industry into compliance with federal controlled substances law," according to a report published on May 1.
