RE:RE:American Cannabis Updatequinlash wrote: Likely the best news we have seen in over a year or two !?
The 200 Billion Dollar Question is this.... does Cannabis actually need to be legalized if they simply reschedule it to a level 1 .. seriously ? It would be classified the same as alchol.
Would the entire US Market then be open to all Cannabis Producers ??
If the answer is "Yes", then it could translate to Ching-Ching Time
Seriously ?? For all your posts about the cannabis sector I have to question what you really understand about some of the major issues at play.
Rescheduling cannabis to Schedule 3 would not put it in the same class as alcohol, as you have erroneously stated. If the DEA follows the recommendation to reschedule marijuana to Schedule III, cannabis would be classified alongside other drugs including ketamine, anabolic steroids, testosterone and products containing less than 90 milligrams of codeine per dose.
In the US Schedule 3 drugs are categorized as having the potential for abuse less than the drugs in schedules 1 and 2. But most importantly;
the drug has a currently accepted medical use in treatment in the United States. Abuse of the drug may still lead to moderate or low physical dependence or high psychological dependence.
If the recommendation is approved, some of the biggest implications of federal Schedule I prohibition, such as high taxes (i.e. 280E) and a lack of banking services for cannabis businesses, would disappear or be eased significantly.