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

06 May 2024

Foley Hoag LLP

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Key Takeaways:

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

  • 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

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