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U.S. health agency recommends easing federal restrictions on marijuana
“WASHINGTON — The Department of Health and Human Services is formally recommending that the Drug Enforcement Administration ease government restrictions on marijuana, which remains illegal at the federal level even though 40 states allow its use in some form.
The move comes 11 months after President Joe Biden ordered the top health agency to conduct a review of the drug. The recommendation is to move marijuana from what’s known as a Schedule I drug to Schedule III, under the Controlled Substances Act.
In the eyes of the DEA, cannabis is in the same category as other Schedule I drugs like heroin and LSD, meaning it’s considered to have a high potential for abuse and no accepted medical use.
A spokesperson for HHS said it has “expeditiously” responded to the directive in providing its recommendation to the DEA on Tuesday.
If the DEA were to reschedule cannabis to Schedule III, it would most notably eliminate an IRS code intended to prevent drug dealers from claiming tax deductions for business expenses.
That alone could save the marijuana industry hundreds of millions of dollars a year. Small-business owners who spoke to NBC News said the inability to deduct what would otherwise be ordinary business expenses is their single biggest financial burden.
Now that HHS has made its recommendation, all eyes are on the DEA, which has the ultimate authority on scheduling substances.
The Biden administration had hoped to announce the rescheduling of the drug sometime in the fall, around the one-year mark of the president's request for the review, according to five sources familiar with planning. It's not yet clear how long the DEA’s public review process will take.
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Smoke ‘em if you get ‘em. I think it’s the right move, and a long time coming. MJ doesn’t belong in a category with heroine and pcp.
How does the WR come down on this issue? The bolded was interesting to me, I hadn’t really thought of it before. Good for MJ businesses, and the way it’s worded it sounds like even your local drug dealer would be able to claim expenses.
“WASHINGTON — The Department of Health and Human Services is formally recommending that the Drug Enforcement Administration ease government restrictions on marijuana, which remains illegal at the federal level even though 40 states allow its use in some form.
The move comes 11 months after President Joe Biden ordered the top health agency to conduct a review of the drug. The recommendation is to move marijuana from what’s known as a Schedule I drug to Schedule III, under the Controlled Substances Act.
In the eyes of the DEA, cannabis is in the same category as other Schedule I drugs like heroin and LSD, meaning it’s considered to have a high potential for abuse and no accepted medical use.
A spokesperson for HHS said it has “expeditiously” responded to the directive in providing its recommendation to the DEA on Tuesday.
If the DEA were to reschedule cannabis to Schedule III, it would most notably eliminate an IRS code intended to prevent drug dealers from claiming tax deductions for business expenses.
That alone could save the marijuana industry hundreds of millions of dollars a year. Small-business owners who spoke to NBC News said the inability to deduct what would otherwise be ordinary business expenses is their single biggest financial burden.
Now that HHS has made its recommendation, all eyes are on the DEA, which has the ultimate authority on scheduling substances.
The Biden administration had hoped to announce the rescheduling of the drug sometime in the fall, around the one-year mark of the president's request for the review, according to five sources familiar with planning. It's not yet clear how long the DEA’s public review process will take.
…”
Smoke ‘em if you get ‘em. I think it’s the right move, and a long time coming. MJ doesn’t belong in a category with heroine and pcp.
How does the WR come down on this issue? The bolded was interesting to me, I hadn’t really thought of it before. Good for MJ businesses, and the way it’s worded it sounds like even your local drug dealer would be able to claim expenses.