“We’ve learned after more than a decade of legalized medical and retail marijuana in Denver that marijuana does not rise to the level of a Schedule I substance'
“We’ve learned after more than a decade of legalized medical and retail marijuana in Denver that marijuana does not rise to the level of a Schedule I substance"
If the DEA goes through with the proposal, cannabis would no longer be considered a Schedule I federal substance, the same designation as heroin, and would move to Schedule III, which includes drugs like ketamine and certain anabolic steroids. With less than one week left in the public comment period, theHome to the first major recreational marijuana market in the country, Denver has 815 active marijuana business licenses, according to the city's Department of Excise & Licenses.
In Denver, state and local marijuana taxes account for a 26.41 percent tax rate on recreational dispensary purchases, while all growers in Colorado must pay a 15 percent excise tax on their harvest, too. As the city points out, it's still"unclear how transferring marijuana to Schedule III would impact existing marijuana businesses’ ability to operate under local and state regulatory frameworks," and that includes the addition of any federal taxes.
If marijuana goes from Schedule I to Schedule III, then only FDA-approved medical marijuana could be dispensed with a doctor’s prescription. The federal government has taken a lax enforcement approach with state-legal marijuana programs in the recent past, however, and Denver officials hope that attitude remains.
Dea Cannabis Reclassification Is Marijuana Schedule Iii
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