AP: DEA To Propose Rule Moving Cannabis To Schedule III –

Key Takeaways:

• Historic federal action would recognize medical benefits of
  cannabis and make Section 280E inapplicable to licensed cannabis
  operators.




• The AP reports that rescheduling would occur as a Proposed Rule
  subject to notice and comment rulemaking before it could become
  final – a lengthy process.




• Announcement alone will have positive financial impact for
  cannabis operators.

AP is reporting that the Drug Enforcement
Administration will propose a rule to reschedule cannabis to
Schedule III under the Controlled Substance Act. The proposed rule
is subject to review by the White House Office of Management and
Budget before publication in the Federal Register, according to AP.
The rescheduling rule will be subject to notice and comment
rulemaking and ،entially a hearing (an often lengthy
process).

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