Rescheduling Cannabis at the Federal Level

This topic surfaced in May 2024. Wow, how long has it been out there?

In the United States, the Controlled Substance Act (CSA) designated cannabis as a Schedule I drug in 1970, during the Nixon era. Now, more than fifty years later, over half the states have made cannabis legal at the state level, and approximately three-quarters of the U.S. population have positive feelings about cannabis. The powers that be in Washington are getting around to legalizing cannabis at the federal level in some form now, in 2024.

The front-page news is that the Drug Enforcement Agency (DEA) is now considering moving cannabis from a Schedule I to a Schedule III drug. That was on May 1st. On May 2nd, the leadership of the U.S. Senate held a news conference with a proposed Senate Bill to address cannabis. So, two competing alternatives are now “on the table.”

The following posts explore the impacts and implications on the Cannabis Industry.