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By NCIA
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April 6, 2016

Denver Post: Rescheduling marijuana: DEA says decision on tap in first half of 2016


Dropping marijuana even further down into Schedule III — home to drugs such as ketamine — potentially would help marijuana businesses by allowing them to take a tax deduction that sellers trafficking in higher-schedule substances cannot claim, said Taylor West of the National Cannabis Industry Association.

But rescheduling marijuana would not make those businesses legal under federal law, nor would it give them access to banking.

“It is certainly possible they would just continue to operate at odds with the federal system,” West said of marijuana businesses.

Read more: http://www.thecannabist.co/2016/04/06/dea-marijuana-rescheduling-decision-2016/51527/

Huffington Post: Anti-Drug Senators Criticized For ‘Sham’ Hearing On Legal Marijuana

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