Marijuana industry articles
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What Rescheduling Marijuana Means For The Cannabis Industry
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.
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DEA's big marijuana shift could be a lifeline for California's troubled pot industry
If the U.S. Drug Enforcement Administration reclassified marijuana as a less dangerous drug, it wouldn't eliminate the conflicts between the feds and states such as California that have legalized many uses of the substance. But it would bring one significant shift that could give California's licensed pot companies a badly needed boost: a lighter tax burden. The Associated Press reported Tuesday that the Drug Enforcement Administration will propose moving marijuana from the list of Schedule I...
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Biden's marijuana move gives cannabis industry a badly needed win
The U.S. Drug Enforcement Agency is recommending that cannabis be reclassified as a Schedule III drug, which would codify that it has...