As the U.S. is poised to reclassify cannabis at the federal level, owners of cannabis businesses and those with past criminal convictions are among many…
As the U.S. is poised to reclassify cannabis at the federal level, owners of cannabis businesses and those with past criminal convictions are among many impacted by the change.Xavier is excited about the government's new stance on cannabis, which would reclassify the drug from Schedule I of the Controlled Substances Act, alongside heroin and MDMA, to Schedule III, alongside ketamine and Tylenol with codeine.
"It's not fair," he said."It's never fair for a plant like cannabis to be criminalized and to have to go through all the things and quite frankly still going through it.""I really think that's what this is about. It's about trying to get young voters and I think it's a desperate attempt at doing so," Sabet said.
From a business standpoint, the new Schedule III classification means better access to capital for medicinal and recreational cannabis companies like Chicago-based Cresco Labs.
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