President Donald Trump has signed an executive order that could reclassify marijuana as a less dangerous drug.
  • Jimbabwe@lemmy.world
    21·
    3 months ago

    What Schedule III Doesn’t Do:

    • It doesn’t legalize cannabis federally

    • It doesn’t allow you to legally possess or consume cannabis under federal law

    • It doesn’t stop federal law enforcement from prosecuting you

    • It doesn’t resolve banking issues for most cannabis businesses

    • It doesn’t expunge the records of the millions arrested for cannabis offenses

    • It doesn’t allow interstate commerce

    • It doesn’t remove cannabis from the Controlled Substances Act

    What Schedule III Does Do:

    • Removes IRS Code 280E, giving massive tax breaks to large cannabis corporations

    • Requires FDA approval for cannabis products (hello, Big Pharma!)

    • Subjects dispensaries and growers to the Food, Drug, and Cosmetic Act

    • Creates new federal crimes including selling prescription drugs without a license, misbranding, and illegal distribution

    • Effectively hands the cannabis market to pharmaceutical companies while crushing small operators

    • atzanteol@sh.itjust.worksEnglish
      33·
      3 months ago

      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.