What Schedule III Doesn’t Do:
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It doesn’t legalize cannabis federally
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It doesn’t allow you to legally possess or consume cannabis under federal law
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It doesn’t stop federal law enforcement from prosecuting you
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It doesn’t resolve banking issues for most cannabis businesses
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It doesn’t expunge the records of the millions arrested for cannabis offenses
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It doesn’t allow interstate commerce
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It doesn’t remove cannabis from the Controlled Substances Act
What Schedule III Does Do:
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Removes IRS Code 280E, giving massive tax breaks to large cannabis corporations
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Requires FDA approval for cannabis products (hello, Big Pharma!)
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Subjects dispensaries and growers to the Food, Drug, and Cosmetic Act
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Creates new federal crimes including selling prescription drugs without a license, misbranding, and illegal distribution
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Effectively hands the cannabis market to pharmaceutical companies while crushing small operators
Requires FDA approval for cannabis products (hello, Big Pharma!)
It’s literally a drug and should absolutely require FDA approval. Preferably by one with competent leadership, but either way.
Then anything sold with ethanol should require FDA approval.
Of course it should.
But it’s also very regulated regardless.
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A new Medicare pilot program would allow older adults to access legal hemp-derived CBD at no cost, if recommended by a doctor, said Dr. Mehmet Oz, who heads the Centers for Medicare and Medicaid Services
Buying off all those dirty hippy boomers with free weed…
/S
Just kidding, the hippies movement was a tiny fraction of a percent of that generation. More of them where spitting on black kids for going to school than dropping acid at Woodstock
Broken clock.