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Afternoon Edition: Could Illinois weed prices drop if the feds reclassify cannabis?

Plus: CPS students to protest Gaza war, Chicago's country music roots and more.

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What marijuana rescheduling from Schedule 1 to Schedule 3 would mean for Illinois, from tax changes to pharmaceutical studies

The federal plan to reclassify marijuana from a Schedule I to Schedule III drug would have a big impact on Illinois' billion dollar cannabis industry

Logan squareUnited statesMatthew brewerTivy hallDominique whiteBrianna hudakCharlie bachtellCollege of pharmacyGrasshopper lounge

Illinois pot businesses could gain tax benefits, easier loan access under DEA reclassification

The move would put pot in the same class with certain prescription drugs such as codeine, ketamine, steroids and testosterone.

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Illinois pot businesses could gain tax benefits, easier loan access under DEA reclassification

The move would put pot in the same class with certain prescription drugs such as codeine, ketamine, steroids and testosterone.

United statesChicago heightsScott redmanReese xavierKevin sabetGeorge archosCharlie bachtellIllinois independent craft growers associationChicago tribunePharmaceuticals under scheduleDrug enforcement administrationAssociated pressSmart approachesCresco labs

Local cannabis industry leaders say move to reclassify weed will benefit businesses, customers

The move would in part ease tax burdens on pot shops, which are currently prohibited from deducting expenses from income associated with Schedule I or II substances. Savings on those costs could be passed on to customers, industry leaders said.

United statesAaaron smithTiffany chappell ingramCharlie bachtellKevin sabetDominique whiteTivy hallNational cannabis roundtableNational cannabis industry associationUs drug enforcement administrationWhite house office of managementCannabis business association of illinoisAssociated pressHuman servicesUs department of healthUnited states cannabis council

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