Some dispensaries owners warn that moving the plant to a Schedule III classification could open the cannabis market to larger retail pharmacies who already have the capacity and licensure to dispense Schedule III drugs with a prescription.
The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, The Associated Press has learned, a historic shift to generations of American drug policy that could have wide ripple effects across the country.
With the DEA set to reclassify marijuana as a less dangerous drug, weed companies will finally get a break from a punitive federal tax rate and cannabis stocks have already rallied.