What Could Changes to Marijuana Classification Mean for Businesses?
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August 2024 In May of 2024, the Drug Enforcement Agency (DEA) announced that it was scheduling a proposed rulemaking to reclassify cannabis from a Schedule I substance to a Schedule III substance under the Controlled Substances Act. If it occurs, this reclassification could have significant effects on businesses in the cannabis industry, particularly as it relates to a company's ability to claim deductions. View the full article here.
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