<?xml version="1.0" encoding="UTF-8"?><rss version="2.0"
	xmlns:content="http://purl.org/rss/1.0/modules/content/"
	xmlns:wfw="http://wellformedweb.org/CommentAPI/"
	xmlns:dc="http://purl.org/dc/elements/1.1/"
	xmlns:atom="http://www.w3.org/2005/Atom"
	xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
	xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
	>

<channel>
	<title>rescheduling Archives | Paradise Found</title>
	<atom:link href="https://paradisefoundor.com/category/rescheduling/feed/" rel="self" type="application/rss+xml" />
	<link>https://paradisefoundor.com/category/rescheduling/</link>
	<description>Medical Cannabis Dispensary in Portland, Oregon and Milwaukie, Oregon</description>
	<lastBuildDate>Sat, 25 Apr 2026 03:01:32 +0000</lastBuildDate>
	<language>en-US</language>
	<sy:updatePeriod>
	hourly	</sy:updatePeriod>
	<sy:updateFrequency>
	1	</sy:updateFrequency>
	<generator>https://wordpress.org/?v=6.9.4</generator>
	<item>
		<title>Department of Justice makes good on Trump’s rescheduling order</title>
		<link>https://paradisefoundor.com/department-of-justice-makes-good-on-trumps-rescheduling-order/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Sat, 25 Apr 2026 03:01:32 +0000</pubDate>
				<category><![CDATA[2026]]></category>
		<category><![CDATA[aggregated]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[rescheduling]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/department-of-justice-makes-good-on-trumps-rescheduling-order/</guid>

					<description><![CDATA[<p>The Acting Attorney General is getting the ball rolling on the rescheduling of cannabis from Schedule 1 to Schedule 3, earning praise [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/department-of-justice-makes-good-on-trumps-rescheduling-order/">Department of Justice makes good on Trump’s rescheduling order</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>The Acting Attorney General is getting the ball rolling on the rescheduling of cannabis from Schedule 1 to Schedule 3, earning praise from the cannabis industry. </p>
<p>The post <a href="https://www.leafly.com/news/politics/department-of-justice-makes-good-on-trumps-rescheduling-order">Department of Justice makes good on Trump’s rescheduling order</a> appeared first on <a href="https://www.leafly.com/">Leafly</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/department-of-justice-makes-good-on-trumps-rescheduling-order/">Department of Justice makes good on Trump’s rescheduling order</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Cannabis rescheduling just sped up: What you need to know about the executive order</title>
		<link>https://paradisefoundor.com/cannabis-rescheduling-just-sped-up-what-you-need-to-know-about-the-executive-order/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Sat, 20 Dec 2025 03:04:32 +0000</pubDate>
				<category><![CDATA[2025]]></category>
		<category><![CDATA[aggregated]]></category>
		<category><![CDATA[policy]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[rescheduling]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/cannabis-rescheduling-just-sped-up-what-you-need-to-know-about-the-executive-order/</guid>

					<description><![CDATA[<p>President Trump has just signed an executive order that accelerated rescheduling cannabis from Schedule 1 to Schedule 3. The post Cannabis rescheduling [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/cannabis-rescheduling-just-sped-up-what-you-need-to-know-about-the-executive-order/">Cannabis rescheduling just sped up: What you need to know about the executive order</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>President Trump has just signed an executive order that accelerated rescheduling cannabis from Schedule 1 to Schedule 3.</p>
<p>The post <a href="https://www.leafly.com/news/politics/cannabis-rescheduling-need-to-know">Cannabis rescheduling just sped up: What you need to know about the executive order</a> appeared first on <a href="https://www.leafly.com/">Leafly</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/cannabis-rescheduling-just-sped-up-what-you-need-to-know-about-the-executive-order/">Cannabis rescheduling just sped up: What you need to know about the executive order</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Analysis: Don’t hold your breath for legalization under Trump 2.0</title>
		<link>https://paradisefoundor.com/analysis-dont-hold-your-breath-for-legalization-under-trump-2-0/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Wed, 26 Feb 2025 03:03:58 +0000</pubDate>
				<category><![CDATA[aggregated]]></category>
		<category><![CDATA[cannabis legalization]]></category>
		<category><![CDATA[Congress]]></category>
		<category><![CDATA[DEA]]></category>
		<category><![CDATA[medical legalization]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[President Trump]]></category>
		<category><![CDATA[rescheduling]]></category>
		<category><![CDATA[US Supreme Court]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/analysis-dont-hold-your-breath-for-legalization-under-trump-2-0/</guid>

					<description><![CDATA[<p>Here&#8217;s what you can do to effect real change. The post Analysis: Don’t hold your breath for legalization under Trump 2.0 appeared [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/analysis-dont-hold-your-breath-for-legalization-under-trump-2-0/">Analysis: Don’t hold your breath for legalization under Trump 2.0</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>Here&#8217;s what you can do to effect real change.</p>
<p>The post <a rel="nofollow" href="https://www.leafly.com/news/politics/weed-law-reform-2025-outlook">Analysis: Don’t hold your breath for legalization under Trump 2.0</a> appeared first on <a rel="nofollow" href="https://www.leafly.com/">Leafly</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/analysis-dont-hold-your-breath-for-legalization-under-trump-2-0/">Analysis: Don’t hold your breath for legalization under Trump 2.0</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>U.S. Drug Policy Director Discusses Impact of Cannabis Rescheduling</title>
		<link>https://paradisefoundor.com/u-s-drug-policy-director-discusses-impact-of-cannabis-rescheduling/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Thu, 30 May 2024 03:03:11 +0000</pubDate>
				<category><![CDATA[aggregated]]></category>
		<category><![CDATA[Dr. Rahul Gupta]]></category>
		<category><![CDATA[drug czar]]></category>
		<category><![CDATA[incarceration]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[President Joe Biden]]></category>
		<category><![CDATA[rescheduling]]></category>
		<category><![CDATA[Schedule III]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/u-s-drug-policy-director-discusses-impact-of-cannabis-rescheduling/</guid>

					<description><![CDATA[<p>The Office of National Drug Policy (ONDCP) director Dr. Rahul Gupta, often referred to as President Joe Biden’s appointed “drug czar,” spoke [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/u-s-drug-policy-director-discusses-impact-of-cannabis-rescheduling/">U.S. Drug Policy Director Discusses Impact of Cannabis Rescheduling</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p><a href="https://www.whitehouse.gov/ondcp/about/">The Office of National Drug Policy (ONDCP) director Dr. Rahul Gupta</a>, often referred to as President Joe Biden’s appointed “drug czar,” spoke about the ongoing discussion of rescheduling cannabis.</p>
<p>In a recent interview with <a href="https://www.startribune.com/a-qa-with-bidens-drug-policy-chief-rahul-gupta-on-rescheduling-marijuana/600368442/"><em>Star Tribune</em></a><em> </em>on May 24, which was originally featured in the news outlet’s free email newsletter, the first question inquired about Gupta’s “main takeaway” in regard to federal rescheduling. “We’ve had a policy for over half a century where so many lives have been upended because of our failed approach to marijuana,” Gupta responded. “We’ve had so many people arrested, prosecuted and incarcerated. We know white, Black and brown people use marijuana at similar rates, but Black and brown incarceration rates are higher.”</p>
<p>He cited Biden’s <a href="https://hightimes.com/news/in-historic-move-biden-announces-he-will-pardon-thousands-of-federal-cannabis-offenses/">October 2022</a> announcement to pursue pardoning cannabis offenses and instructing the Department of Justice (DOJ) and Department (of Health and Human Services (HHS) to review the current schedule category that cannabis is positioned in. Now that request has been acted upon through the HHS in <a href="https://hightimes.com/news/dept-of-health-and-human-services-calls-on-dea-to-reclassify-cannabis-as-schedule-iii/">August 2023</a>, with more recent moves suggesting progress within the <a href="https://hightimes.com/news/dea-moves-to-reclassify-cannabis-under-schedule-iii-in-historic-move-report-indicates/">Drug Enforcement Administration</a> as well, Gupta commented on the importance of what happens next. “This is going to be really important to remove barriers to critical research and perhaps drug development, and it could also lead to more research into the benefits of medical marijuana,” he said. “Clearly this decision is going to have a historic and long-lasting impact.”</p>
<p>When asked if Gupta could offer clarity in how federal law enforcement will alter their prioritization of cannabis, he referred to other substances that are included in the Schedule III classification and thus have much lower priority, such as Tylenol with codeine and testosterone. “It will have an impact on racial disparity, incarceration and prosecutions,” he said. “And whether in Massachusetts or West Virginia or Texas, Americans should be able to get treatment for their condition.”</p>
<p>It’s important to note the differences between rescheduling cannabis and federally legalizing cannabis. Rescheduling cannabis doesn’t include approval from the U.S. Food and Drug Administration (FDA), which means that it can still lead to cannabis-related prosecution. Furthermore, the status of cannabis as a federally illegal substance means that incarcerations and prosecutions will continue if or when cannabis is rescheduled to a Schedule III substance.</p>
<p>In another interview between WGCU and Gupta published on <a href="https://news.wgcu.org/health/2024-05-20/what-it-means-if-marijuana-shifts-from-a-schedule-1-to-a-schedule-3-drug">May 20</a>, he suggested that Schedule I substances have no approved medical use, but anything categorized between Schedule II-V “can be prescribed when appropriate by a licensed provider who has a DEA registration…” However, the FDA hasn’t approved cannabis as a medicine overall, just a few exceptions with drugs derived from cannabis.</p>
<p>The <em>Star Tribune</em> subject shifted to the topic of banking, but preferred to refer the question to others involved more closely in that discussion. “We do know the drugs that are Schedule III are in legitimate interstate commerce within the federal system. I’ll leave it to others to talk about the commercial process,” he said. “The focus for the president has been making sure Americans are able to get the help they need no matter where they live, and on the other side making sure we’re not [harming] people.”</p>
<p>One of the final questions in the interview asked that if a new president is elected later this year, how this entire process of rescheduling could be paused, canceled, or reversed. “The president has given the opportunity to Congress to take action; he did because he could wait no longer,” Gupta said. “The independent reviews of these agencies followed established processes and procedures in getting to this result. That process is driven through science. I can’t provide any hypothetical answers to what may happen. This is a change that is driven by policy, by science, by data, regardless of the political process.”</p>
<p>He concluded the interview by restating how the president is following through with his promise to help the people avoid being incarcerated. “The president has been very consistent: No one should be in jail for using or possessing marijuana,” Gupta said. “These steps to move marijuana from Schedule I to Schedule III is a policy that is consistent with science in the 21st century.”</p>
<p>Former ONDCP director Gil Kerlikowske, who served under former President Barack Obama between 2009-2014, recently spoke on the podcast <a href="https://marybono.com/podcast">Sagely Speaking with Mary Bono</a> on May 13. Kerlikowske’s response to Biden’s approach to rescheduling cannabis was more negative. “It’s not medicine. This is all Big Cannabis,” <a href="https://marybono.com/podcast">Kerlikowske said</a>. “This isn’t people my age that are just old hippies that want to open up a pot shop somewhere. This is a huge business like Big Tobacco. Absolutely.”</p>
<p>He explained that the HHS decided not to reschedule cannabis due to no evidence of health three years ago, but now has changed its tune, with the DOJ expected to follow suit. Later on in the discussion, Kerlikowske compared the rise of cannabis to the rise of Big Tobacco.</p>
<p>The post <a href="https://hightimes.com/news/u-s-drug-policy-director-discusses-impact-of-cannabis-rescheduling/">U.S. Drug Policy Director Discusses Impact of Cannabis Rescheduling</a> first appeared on <a href="https://hightimes.com/">High Times</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/u-s-drug-policy-director-discusses-impact-of-cannabis-rescheduling/">U.S. Drug Policy Director Discusses Impact of Cannabis Rescheduling</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>MSO Stocks Soar After Biden Video Confirms Cannabis Is Moving to Schedule III</title>
		<link>https://paradisefoundor.com/mso-stocks-soar-after-biden-video-confirms-cannabis-is-moving-to-schedule-iii/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Tue, 21 May 2024 03:05:08 +0000</pubDate>
				<category><![CDATA[aggregated]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[Canopy Growth]]></category>
		<category><![CDATA[Curaleaf Holdings]]></category>
		<category><![CDATA[Green Thumb Industries]]></category>
		<category><![CDATA[MSOs]]></category>
		<category><![CDATA[multi-state operators]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[President Joe Biden]]></category>
		<category><![CDATA[rescheduling]]></category>
		<category><![CDATA[Schedule III]]></category>
		<category><![CDATA[stock market]]></category>
		<category><![CDATA[stocks]]></category>
		<category><![CDATA[Trulieve]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/mso-stocks-soar-after-biden-video-confirms-cannabis-is-moving-to-schedule-iii/</guid>

					<description><![CDATA[<p>Cannabis stocks spiked immediately after President Joe Biden announced the reclassification of cannabis from a Schedule I to a Schedule III drug, [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/mso-stocks-soar-after-biden-video-confirms-cannabis-is-moving-to-schedule-iii/">MSO Stocks Soar After Biden Video Confirms Cannabis Is Moving to Schedule III</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>Cannabis stocks spiked immediately after President Joe Biden announced the reclassification of cannabis from a Schedule I to a Schedule III drug, endorsing the Justice Department’s recommendation. </p>
<p>Biden posted a video on X at 1 p.m. May 16, declaring that the U.S. Department of Justice would indeed reclassify cannabis, and within hours, cannabis-related stocks began rising amid the growing excitement.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Too many lives have been upended because of our failed approach to marijuana.</p>
<p>So today, the <a href="https://twitter.com/TheJusticeDept?ref_src=twsrc%5Etfw">@TheJusticeDept</a> is taking the next step to reclassify marijuana from a Schedule I to a Schedule III drug under federal law.</p>
<p>Here&#8217;s what that means: <a href="https://t.co/TMztSyyFYm">pic.twitter.com/TMztSyyFYm</a></p>
<p>— President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1791152464617431389?ref_src=twsrc%5Etfw">May 16, 2024</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
</figure>
<p>“Today’s step is another historic step moving forward,” Poseidon Investment Management co-founder Emily Paxhia <a href="https://finance.yahoo.com/video/cannabis-stocks-pop-biden-endorses-202808354.html">told</a> <em>Yahoo! Finance </em>on an episode of Market Domination. “I think anything around cannabis reform has been very difficult for the past 10 years plus, obviously, and so anything that’s working through an ordinary process and following the steps as it should is very confirmatory.” </p>
<p>Familiar names of bigger players in the industry are popping up. “We’ve seen increasing volumes in the top names in the industry,” Paxhia added.</p>
<p>Multi-state operators (MSOs) would benefit the most from the Schedule III classification, like Canopy Growth, Curaleaf Holdings, Green Thumb Industries, and Trulieve Cannabis, with operations in about three dozen states that allow cannabis sales. Shares of Canopy Growth, an enormous Canadian cannabis producer that trades on the New York Stock Exchange, rose 15%, to $11.95, after the tweet, <em>Barron’s</em> <a href="https://www.barrons.com/articles/pot-stocks-reschedule-biden-90de6458">reports</a>.</p>
<p>The reclassification of cannabis doesn’t fix the gap between federal and state law, and it sparked some negative feedback of a potential pharmaceutical takeover.</p>
<p>“On behalf of thousands of legal businesses operating across the country, we commend President Biden for taking this important first step toward a more rational marijuana policy,” said Aaron Smith, who heads the National Cannabis Industry Association. “Now it’s time for Congress to enact legislation that would protect our industry.”</p>
<p><em>Forbes </em><a href="https://www.forbes.com/sites/brianbushard/2024/05/16/marijuana-reclassification-bid-sends-cannabis-stocks-soaring/?sh=435824155c2f">reports</a> that shares of Canopy Growth Corp. ended up closing at roughly $11, an increase of over 11% on the day to a one-month high. Canadian cannabis producer Aurora Cannabis’ stock rose nearly 7%, closing Thursday at nearly $8 per share. Cannabis product manufacturer Green Thumb Industries’ stock rose nearly 3%, climbing to a high of just over $13.</p>
<p>Shares of Trulieve Cannabis Corp rose as well to nearly 6% to just under $13 per share, while Tilray Brands’ shares increased by roughly 2.5% to just over $2 per share. Shares of Cronos Group also jumped over 4% on Thursday, closing at over $3 per share.</p>
<p>It’s important to keep in perspective the overall picture. Despite the recent gains seen by cannabis MSOs, several cannabis-related stocks are far below their 5-year highs. Curaleaf is down nearly 66% from its February 2021 high, while Tilray is down nearly 97% from its high from the same month, <em>Reuters</em> <a href="https://www.reuters.com/markets/cannabis-stocks-rally-after-doj-proposal-reclassify-marijuana-2024-05-16/">reports</a>.</p>
<p>A 60-day commitment period will take place for a space for public input.</p>
<p>The Justice Department will take comments on the proposal after it appears in the Federal Register. A final rule would have to be issued before the reclassification would take effect. The process can be lengthy,  and it must undergo a <a href="https://www.federalregister.gov/uploads/2011/01/the_rulemaking_process.pdf">public comment</a> period before it can be implemented, which can take up to a year.</p>
<h2 id="tax-implications-of-a-schedule-iii-classification" class="wp-block-heading"><strong>Tax Implications of a Schedule III Classification</strong></h2>
<p>Part of the excitement surrounding the reclassification move could be centered on the probate changes in tax policy that is near. Legal advisors are expecting the limitations of tax code Section 280E will change significantly now that cannabis is moving to Schedule III of the Controlled Substances Act</p>
<p>Duane Morris LLP &amp; Affiliates, for instance, provided <a href="https://www.duanemorris.com/alerts/tax_implications_reclassifying_cannabis_schedule3_controlled_substance_0923.html">an explainer</a> that indicates Section 280E provides that:</p>
<p>“No deduction or credit shall be allowed for any amount paid or incurred during the taxable year in carrying on any trade or business if such trade or business (or the activities which comprise such trade or business) consists of trafficking in controlled substances (within the meaning of schedule I and II of the <a href="https://www.law.cornell.edu/topn/controlled_substances_act">Controlled Substances Act</a>) which is prohibited by Federal law or the law of any State in which such trade or business is conducted.”</p>
<p>Once cannabis is rescheduled as a Schedule III substance, Section 280E will not apply to that company’s tax return and additionally, the company would no longer be banned from deducting expenses on tax returns like any other type of legal business.</p>
<p>Kilpatrick Townsend &amp; Stockton LLP provided a Truth vs. Fiction <a href="https://ktslaw.com/en/insights/publications/2024/5/cannabis%20rescheduling">article</a> that explains  reclassification, in reality, it will probably take over a year for major changes to roll out. But one of the biggest lies or rumors, they explained, is that Schedule III will wipe out existing state cannabis markets. No one knows that at this point, and state cannabis markets have always operated in the gray market.</p>
<p>The post <a href="https://hightimes.com/news/mso-stocks-soar-after-biden-video-confirms-cannabis-is-moving-to-schedule-iii/">MSO Stocks Soar After Biden Video Confirms Cannabis Is Moving to Schedule III</a> first appeared on <a href="https://hightimes.com/">High Times</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/mso-stocks-soar-after-biden-video-confirms-cannabis-is-moving-to-schedule-iii/">MSO Stocks Soar After Biden Video Confirms Cannabis Is Moving to Schedule III</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement</title>
		<link>https://paradisefoundor.com/president-biden-announces-federal-government-will-reschedule-cannabis-in-monumental-announcement/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Fri, 17 May 2024 03:04:47 +0000</pubDate>
				<category><![CDATA[aggregated]]></category>
		<category><![CDATA[DEA]]></category>
		<category><![CDATA[featured]]></category>
		<category><![CDATA[Kamala Harris]]></category>
		<category><![CDATA[Made in Xiaolin]]></category>
		<category><![CDATA[Nabis]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[President Joe Biden]]></category>
		<category><![CDATA[reclassification]]></category>
		<category><![CDATA[rescheduling]]></category>
		<category><![CDATA[Schedule I]]></category>
		<category><![CDATA[Schedule III]]></category>
		<category><![CDATA[Vicente LLP]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/president-biden-announces-federal-government-will-reschedule-cannabis-in-monumental-announcement/</guid>

					<description><![CDATA[<p>President Joe Biden announced that the U.S. Department of Justice will officially reschedule cannabis, moving it from Schedule I, reserved for dangerous [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/president-biden-announces-federal-government-will-reschedule-cannabis-in-monumental-announcement/">President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>President Joe Biden announced that the U.S. Department of Justice will officially reschedule cannabis, moving it from Schedule I, reserved for dangerous drugs with no medical value, to Schedule III. The news follows the historic announcement on April 30, that the U.S. Drug Enforcement Administration (DEA), will move to reclassify cannabis under Schedule III, the <em>Associated Press</em> <a href="https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8">reported</a>.</p>
<p>Biden, along with Vice President Kamala Harris, both recorded videos of the announcement and posted them on social media.</p>
<p>“This is monumental,” Biden said in a video that was posted on X. “Today my administration took a major step to reclassify marijuana from a Schedule I to a Schedule III drug. It’s an important move towards reversing longstanding inequities.”  </p>
<p>“Today’s announcement builds on the work we’ve already done to pardon a record number of federal offenses for simple possession of marijuana. And it adds to the action we’ve taken to lift barriers to housing, employment, small business loans, and so much more for tens of thousands of Americans.”</p>
<p>Biden continued, “No one should be in jail just for using or possessing marijuana.”</p>
<p>“Today’s announcement builds on the work we’ve already done to pardon a record number of federal offenses for simple possession of marijuana. I’m committed to writing those historic wrongs,” he said. “You have my word.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">Too many lives have been upended because of our failed approach to marijuana.</p>
<p>So today, the <a href="https://twitter.com/TheJusticeDept?ref_src=twsrc%5Etfw">@TheJusticeDept</a> is taking the next step to reclassify marijuana from a Schedule I to a Schedule III drug under federal law.</p>
<p>Here&#8217;s what that means: <a href="https://t.co/TMztSyyFYm">pic.twitter.com/TMztSyyFYm</a></p>
<p>— President Biden (@POTUS) <a href="https://twitter.com/POTUS/status/1791152464617431389?ref_src=twsrc%5Etfw">May 16, 2024</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
</figure>
<p>“Currently marijuana is classified on the same level as heroin and more dangerous than fentanyl,” Harris said in another video. “We are finally changing that. But I want to thank all of the advocates and everyone out there for helping to make this possible and we are on the road to getting it done.” </p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
<p lang="en" dir="ltr">President Biden and I vowed to address injustices in marijuana policy. </p>
<p>Today, our Administration takes another major step forward. <a href="https://t.co/GxFOFeU0DU">pic.twitter.com/GxFOFeU0DU</a></p>
<p>— Vice President Kamala Harris (@VP) <a href="https://twitter.com/VP/status/1791155070848864295?ref_src=twsrc%5Etfw">May 16, 2024</a></p></blockquote>
<p><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div>
</figure>
<p>“This recommendation validates the experiences of tens of millions of Americans, as well as tens of thousands of physicians, who have long recognized that cannabis possesses legitimate medical utility,” NORML Deputy Director Paul Armentano said. “But it still falls well short of the changes necessary to bring federal marijuana policy into the 21st century. Specifically, the proposed change fails to harmonize federal marijuana policy with the cannabis laws of most U.S. states, particularly the <a href="https://click.actionnetwork.org/ss/c/u001.nTQp_FEIcSHl649vCJCicjP6D0MvXROmi5ayzUCBWQyyREmkxJDK0BOTp8eD5BHRwOZwYdg7UnZdlIh0UkNCRYYnmwDi7qr6W-BV_Id7fVNCf2pN5zo2eTC59847quxNVkAfOOkzawgwYC7jdLkWnOXBwmyx9715J71srmjbarXg_exwLFUEdoUD8SxwfyrrTAJRkioX3yR8eBuSk0Vwe1DKNNiCNE-VDyLtarZnyWVJskyxmDYM8c7EmdaEWw5FZ8nLaz98gXSKqCrApbyo1CbKXUmja8SVz9z6KyxEnKz_rIQN76sDUUTFeUrl6r4W15-1wINikt2nSMua1ueKVQ/46e/63--8TbURVi1k0rdcMv55Q/h12/h001.8p0PYT6Zp5xYdPxLRckiCjT69QPAda_L5UVH5DXMk6M">24 states</a> that have legalized its use and sale to adults.”</p>
<p>“Nevertheless, as a first step forward, this policy change dramatically shifts the political debate surrounding cannabis,” Armentano added. “Specifically, it delegitimizes many of the tropes historically exploited by opponents of marijuana policy reform. Claims that cannabis poses unique harms to health, or that it’s not useful for treating chronic pain and other ailments, have now been rejected by the very federal agencies that formerly perpetuated them. Going forward, these specious allegations should be absent from any serious conversations surrounding cannabis and how to best regulate its use.”</p>
<p>A 60-day comment period will soon begin to allow input on the pros and cons of Schedule III.</p>
<h2 id="questions-and-shortcomings-of-schedule-iii" class="wp-block-heading"><strong>Questions and Shortcomings of Schedule III</strong></h2>
<p>Industry leaders pointed out that reclassifying cannabis under Schedule III won’t absolve the discord between federal law and dozens of medical adult-use cannabis laws at the state level. For some, the reclassification announcement leads to more questions.</p>
<p>“While there’s still work to be done, I’m optimistic about what this means in terms of a domino that needed to fall in order for the wave to come that we’ve all been waiting for and working towards for so long,” said Caleb Counts, CEO &amp; Co-Founder, <a href="https://connectedcannabisco.com/" target="_blank" rel="noreferrer noopener">Connected Cannabis</a>. “Rescheduling is a step in the right direction without question, and while it isn’t at the stage of descheduling, it’s still impactful for so many people and that doesn’t go unnoticed. Loosening taxes and regulations where customers benefit is always a win in my book.”</p>
<ul></ul>
<p>“While a great step for the industry, the truth is, most of our operational challenges remain,” said Roger Volodarsky, Founder and CEO, <a href="https://www.puffco.com/" target="_blank" rel="noreferrer noopener">Puffco</a>. “A lot of people think that moving cannabis from Schedule I to Schedule III will drive additional research in the space, but the reality is that it’s more complicated than that. In late 2022, the <a href="https://www.congress.gov/bill/117th-congress/house-bill/8454/text" target="_blank" rel="noreferrer noopener">Medical Marijuana Expansion Research Act</a> was passed, which essentially says that regardless of the scheduling of cannabis, the DEA still holds the final ruling of who’s allowed to research the plant, and where those research materials are coming from. So while a move to Schedule III is a huge step forward in terms of protecting our freedoms in this industry, we are still at the mercy of policy-makers. Ultimately, the goal is a complete descheduling of the plant and until that happens our fight is not over.”</p>
<ul></ul>
<ul></ul>
<p>“For me, it raises more questions than solving any problems that we have,” said Christopher Louie, Co-Founder &amp; CEO of <a href="https://usw2.nyl.as/t1/224/atf1pm4mlld4vin08svsu17jm/2/d994132678f3dbded41514776d0ee796a4bd8c1270e2faddab351bee81b5ca6e">Made in Xiaolin</a>, a legacy cannabis operator in Colorado and soo in New York. “What does this mean from here? Great, marijuana now has medical benefits in the eyes of the government. Does this mean that in order to obtain it you need a prescription and in order to distribute or manufacture it I would need a medical license? It seems this could help out pharmaceutical companies and big businesses affiliated in the medical field, but I’m not sure how this benefits companies like ours.”</p>
<p>Others commended the small step towards legalization that signals a shift in the way cannabis is viewed in the eyes of the federal government.</p>
<p>“We commend the POTUS’s efforts to reschedule cannabis to Schedule III. While the fight isn’t over to legalize cannabis nationally, this is a much-needed wind in our sails that we haven’t felt in over 50 years at the federal level,” said Vince Ning, co-founder and CEO of <a href="https://usw2.nyl.as/t1/224/atf1pm4mlld4vin08svsu17jm/1/ac5675e36f4d6845da11c9d49074c2702dfc557e6286876250ea40978b47b673">Nabis</a>, a leading wholesale marketplace. “As far as public commentary goes, we will certainly be providing our thoughts on how to improve this change to push for the full legalization of this controlled substance, and how to provide safe access of quality tested cannabis products to the patients in need through existing regulatory frameworks that currently exist today.”</p>
<p>“President Biden characterized rescheduling as a means of reversing longstanding inequities,” said Brian Vicente, founder of <a href="https://streak-link.com/B9_gpfHqKsVUAgeGJwgj3uXj/https%3A%2F%2Fvicentellp.com%2Fabout%2F">Vicente LLP</a>. “One dominating inequity cannabis businesses face is the inability to deduct regular business expenses, since they sell a Schedule 1 substance.  We work with hundreds of licensed cannabis businesses, and the ability to deduct ordinary operating costs under the Schedule 3 proposal would be a game-changer for them. This proposal will release cannabis businesses from the crippling tax burden they are currently shackled with and allow these businesses to grow and prosper.”</p>
<p>“On behalf of thousands of legal businesses operating across the country, we commend President Biden for taking this important first step toward a more rational marijuana policy. Now it’s time for Congress to enact legislation that would protect our industry, uphold public safety, and advance the will of the voters who overwhelmingly support making cannabis legal for adults,” said Aaron Smith, NCIA CEO &amp; co-founder. “Rescheduling alone does not fix our nation’s state and federal cannabis policy conflict. Only Congress can enact the legislation needed to fully respect the states and advance the will of the vast majority of voters who support legal cannabis.”</p>
<p>There will then be a 60-day public comment period before the rule is potentially finalized.</p>
<p>The post <a href="https://hightimes.com/news/president-biden-announces-federal-government-will-reschedule-cannabis-in-monumental-announcement/">President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement</a> first appeared on <a href="https://hightimes.com/">High Times</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/president-biden-announces-federal-government-will-reschedule-cannabis-in-monumental-announcement/">President Biden Announces Federal Government Will Reschedule Cannabis in ‘Monumental’ Announcement</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Enemies of Weed Legalization Are Already Raising Money To Challenge Federal Rescheduling Effort</title>
		<link>https://paradisefoundor.com/enemies-of-weed-legalization-are-already-raising-money-to-challenge-federal-rescheduling-effort/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Tue, 07 May 2024 03:04:51 +0000</pubDate>
				<category><![CDATA[aggregated]]></category>
		<category><![CDATA[cannabis reform]]></category>
		<category><![CDATA[DEA]]></category>
		<category><![CDATA[Drug Enforcement Administration]]></category>
		<category><![CDATA[legalization]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[President Biden]]></category>
		<category><![CDATA[rescheduling]]></category>
		<category><![CDATA[Schedule I]]></category>
		<category><![CDATA[Schedule III]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/enemies-of-weed-legalization-are-already-raising-money-to-challenge-federal-rescheduling-effort/</guid>

					<description><![CDATA[<p>Last week, the Drug Enforcement Administration (DEA) shared that marijuana would be rescheduled from a Schedule I, meaning that the plant was [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/enemies-of-weed-legalization-are-already-raising-money-to-challenge-federal-rescheduling-effort/">Enemies of Weed Legalization Are Already Raising Money To Challenge Federal Rescheduling Effort</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>Last week, the Drug Enforcement Administration (DEA) shared that <a href="https://hightimes.com/news/dea-moves-to-reclassify-cannabis-under-schedule-iii-in-historic-move-report-indicates/">marijuana would be rescheduled</a> from a Schedule I, meaning that the plant was classified as a substance with no accepted medical value, such as heroin, to a Schedule III, controlled substances that allow for some medical use, <a href="https://hightimes.com/study/yet-another-study-shows-ketamine-to-be-an-effective-treatment-for-depression/">such as ketamine.</a> While cannabis advocates, stoners, and anyone with the ability to reason welcomed this news (although it fell short of actually declassifying or legalizing it), just a day following the DEA announcement, a prominent group opposed to cannabis legalization already sent out an email to its supporters soliciting funds to combat the policy change.</p>
<p>“SAM will oppose this change at every level, including, if necessary, pursuing legal action,” the group Smart Approaches to Marijuana shared in <a href="https://mailchi.mp/3454bc36a23f/whats-happening-now-in-ohio-10302710">the email</a> sent out on Wednesday, which asked, of course, for money. </p>
<p>The email came with a link to what SAM crowned a “Rescheduling Legal Defense Fund,” which seeks either one-time (or you can make that recurring, of course), monthly donations ranging from $250 to $5,000. Think of all the weed you could buy with that money! Loaded anti-cannabis haters also have the option to donate much, much more. </p>
<p>If you’ve heard of SAM before, it’s because they are very vocal about what they perceive as the dangers of marijuana. The landing page on their website shares that they’re apparently trying to prevent the “next Big Tobacco,” which is just plain silly. As <a href="https://hightimes.com/news/legalization/weed-legalization-has-contributed-to-a-decrease-in-tobacco-use/">High Times reported</a>, a recent study actually found that tobacco consumption has decreased in states with recreational cannabis legalization. SAM’s “About” section claims to be bipartisan and then links out to The Drudge Report. </p>
<p>“Our new Rescheduling Legal Defense Fund will be used to support our challenges of marijuana laws and regulations, specifically marijuana’s Schedule III recommendation,” reads the donation page.</p>
<p>“Let’s be clear: this does not mean marijuana is legalized—it will remain federally illegal,” the email reads (yes, unfortunately, they are right about this). “But, if implemented, moving marijuana to Schedule III would give Big Marijuana billions in tax write-offs as well as continue the normalization of high-potency THC drugs. SAM will oppose this change at every level, including, if necessary, pursuing legal action.”</p>
<p>They are absolutely right about the tax write-off; it’s one of the biggest wins regarding the descheduling announcement. As business is set up now, it’s incredibly hard for cannabis companies to turn a profit. The National Cannabis Industry Association (NCIA) anticipates that reclassifying cannabis to Schedule III will alleviate some of the harsh effects of tax code 280E on thousands of state-legal cannabis enterprises. The Legal Intelligencer notes that this change would eliminate the current restrictions on tax deductions that 280E imposes. </p>
<p>As for the high THC concern, consuming too much THC can be very uncomfortable, and there are high THC products available for those with high tolerances, but this argument is so tiring. Of course, there’s the obvious comparison to liquor, which leads to blackouts and even death in a way that a big edible just doesn’t. But perhaps more importantly, it’s just so easy to use THC responsibly. One of the benefits of legalization is that products can be clearly labeled so one can purchase the acceptable dose for their tolerance and body weight. There may be 100mg gummies available now, but there are also 2.5mg usually on the same shelf. We know from the failed war on drugs that prohibition doesn’t make things better; in fact, we now know that adult-use cannabis laws and sales were not associated with an overall increase in teen substance abuse. Rather, <a href="https://hightimes.com/study/states-with-adult-use-pot-saw-decrease-in-alcohol-use-no-increase-in-teen-substance-abuse/">the researchers found</a> modest drops in alcohol and e-cigarette use occurred. One must use cannabis responsibly, especially when it comes to edibles, but we have to leave that up to individuals and assume that grown-ups can take care of themselves. </p>
<p>SAM’s president, Kevin Sabet, accused the Biden administration of “starting with the decision and working backward to find the supporting materials,” but, in reality, the original decision to classify cannabis as a Schedule I was, as noted by Rep. Earl Blumenauer said in an emailed statement obtained by <em>High Times </em>in <a href="https://hightimes.com/news/dea-moves-to-reclassify-cannabis-under-schedule-iii-in-historic-move-report-indicates/">our reporting</a> on the descheduling decision, based on stigma rather than science. And, based on the knee-jerk reaction of SAM, a day after the descheduling announcement, we can assume that the modest move to move marijuana to Schedule III will not end this toxic stigma and that the War on Drugs is far from over. </p>
<p>The post <a href="https://hightimes.com/news/enemies-of-weed-legalization-are-already-raising-money-to-challenge-federal-rescheduling-effort/">Enemies of Weed Legalization Are Already Raising Money To Challenge Federal Rescheduling Effort</a> first appeared on <a href="https://hightimes.com/">High Times</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/enemies-of-weed-legalization-are-already-raising-money-to-challenge-federal-rescheduling-effort/">Enemies of Weed Legalization Are Already Raising Money To Challenge Federal Rescheduling Effort</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Cannabis Community, Investors React to DEA Decision To Reschedule</title>
		<link>https://paradisefoundor.com/cannabis-community-investors-react-to-dea-decision-to-reschedule/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Fri, 03 May 2024 03:04:08 +0000</pubDate>
				<category><![CDATA[Activism]]></category>
		<category><![CDATA[aggregated]]></category>
		<category><![CDATA[Ali Garawi]]></category>
		<category><![CDATA[Bob Groesbeck]]></category>
		<category><![CDATA[Business]]></category>
		<category><![CDATA[cannabis stocks]]></category>
		<category><![CDATA[Chuck Smith]]></category>
		<category><![CDATA[community]]></category>
		<category><![CDATA[Controlled Substances Act]]></category>
		<category><![CDATA[DEA]]></category>
		<category><![CDATA[Emily Paxhia]]></category>
		<category><![CDATA[Governor Jared Polis]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Paul Armentano]]></category>
		<category><![CDATA[prices]]></category>
		<category><![CDATA[reaction]]></category>
		<category><![CDATA[rescheduling]]></category>
		<category><![CDATA[Sarah Gersten]]></category>
		<category><![CDATA[Schedule III]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/cannabis-community-investors-react-to-dea-decision-to-reschedule/</guid>

					<description><![CDATA[<p>Cannabis advocates, executives and investors are celebrating the Drug Enforcement Administration’s reported decision this week to reclassify marijuana under federal drug laws, [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/cannabis-community-investors-react-to-dea-decision-to-reschedule/">Cannabis Community, Investors React to DEA Decision To Reschedule</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>Cannabis advocates, executives and investors are celebrating the Drug Enforcement Administration’s reported decision this week to reclassify marijuana under federal drug laws, a development that spurred rejoicing from coast to coast and a spike in cannabis stock prices. The celebrations were tempered, however, by the reality that the decision falls short of the full marijuana legalization that determined activists have been seeking for decades.</p>
<p>On Tuesday, the Associated Press <a href="https://apnews.com/article/marijuana-biden-dea-criminal-justice-pot-f833a8dae6ceb31a8658a5d65832a3b8">reported</a> that the DEA had decided to follow a recommendation from the U.S. Department of Health and Human Services to reschedule cannabis under the Controlled Substances Act (CSA), citing five unnamed sources familiar with the matter. Under the recommendation, marijuana will be changed from Schedule I of the CSA, the most strict classification intended for drugs with no medical value and a high potential for abuse, to Schedule III, a group including the drugs Tylenol with codeine and testosterone.</p>
<p>The groundbreaking decision to reschedule cannabis will facilitate research into the medicinal benefits of the plant that could lead to new treatments for an unknown number of physical and mental health conditions. As a Schedule I drug, cannabis research was subjected to the strictest regulatory conditions under federal law, hampering studies that could result in meaningful medical advances.</p>
<p>Rescheduling cannabis under federal drug laws will also have significant impacts on the regulated cannabis industry. Perhaps most significantly, the change will ease access to banking services and free licensed cannabis companies from IRS rule 280e, which denies most standard business deductions to companies selling Schedule I substances. </p>
<h2 id="pot-advocates-hail-dea-decision" class="wp-block-heading"><strong>Pot Advocates Hail DEA Decision</strong></h2>
<p>After the DEA decision to reschedule cannabis was reported by the Associated Press on Tuesday, the move was hailed by policymakers, cannabis activists and entrepreneurs as an historic milestone in U.S. drug policy reform. In Colorado, one of the first two states to legalize recreational marijuana in 2012, Democratic Governor Jared Polis hailed the historic moment.</p>
<p>“I am thrilled by the Biden Administration’s decision to begin the process of finally rescheduling cannabis, following the lead of Colorado and 37 other states that have already legalized it for medical or adult use, correcting decades of outdated federal policy,” Polis said in a statement. “This action is good for Colorado businesses and our economy, it will improve public safety, and will support a more just and equitable system for all.”</p>
<p>Chuck Smith, president of the board of directors for Colorado Leads, an alliance of cannabis business leaders created to educate the public and policymakers about the importance of a safe and regulated cannabis industry, said that “reclassification under Schedule III will address the 280e tax issue that has unfairly forced state-legal cannabis businesses to pay a far higher effective tax rate than other legal businesses. Allowing marijuana businesses to start deducting ordinary business expenses will allow Colorado companies to retain more revenue, employ more workers, and further invest in their surrounding communities.”</p>
<p>Ali Garawi, the co-founder and CEO of California independent cannabis operator Muha Meds, said the rescheduling of cannabis will allow funds that are now going to taxes to instead be invested in the growth of the company.</p>
<p>“Like many in cannabis, we have had to really think outside the box in terms of financing. At Muha Meds, we’re entirely self-funded, which has forced us to be incredibly calculated with growth. No longer bound to 280e Tax Regulations leftover from the war on drugs, we will be able to utilize funding that we didn’t have the right to before,” Garawi writes in an email to <em>High Times</em>. “We are looking forward to tremendous growth opportunities and some ease of restrictions in terms of just running a business.”</p>
<p>Bob Groesbeck, co-CEO of Planet 13, a multistate operator that owns what is billed as the world’s largest dispensary in Las Vegas, said that the DEA decision will also result in easier access to traditional banking services for cannabis companies. Advocates of regulated cannabis in Congress have offered legislation to allow banks to serve marijuana businesses over the last 10 years, but so far the Senate has failed to approve the bill.</p>
<p>“Rescheduling cannabis should pave the way for much-needed safe banking solutions. Safe banking in the cannabis industry provides a secure environment for financial transactions, granting access to essential services like checking accounts and loans,” Groesbeck noted. “It ensures transparency, reduces costs associated with cash handling, and offers consumers safe and convenient payment options. Overall, safe banking is crucial for industry growth, regulatory compliance, and enhancing consumer experiences.”</p>
<h2 id="activists-call-for-more-siginificant-reform" class="wp-block-heading"><strong>Activists Call for More Siginificant Reform</strong></h2>
<p>Although the rescheduling of cannabis was hailed by much of the cannabis community, the DEA decision does not achieve the full legalization of cannabis that has been fought for over decades, leading activists to call for more significant reform. Paul Armentano, deputy director of the National Organization for the Reform of Marijuana Laws (NORML), said that marijuana should not be regulated by the CSA at all, noting that commonly used but potentially dangerous drugs such as alcohol and tobacco are readily available to adults.</p>
<p>“The goal of any federal cannabis policy reform ought to be to address the existing, untenable divide between federal marijuana policy and the cannabis laws of the majority of US states,” Armentano <a href="https://norml.org/blog/2024/04/30/dea-accepts-health-agencys-recommendation-to-reclassify-cannabis/">said in a statement</a> from the group. “Rescheduling the cannabis plant to Schedule III fails to adequately address this conflict, as existing state legalization laws — both adult use and medical — will continue to be in conflict with federal regulations, thereby perpetuating the existing divide between state and federal marijuana policies.”</p>
<p>Sarah Gersten, the executive director of Last Prisoner Project, a nonprofit working to secure the release of all individuals incarcerated for cannabis offenses, said that the group will continue advocating for more wide-reaching reform.</p>
<p>“Last Prisoner Project believes that complete descheduling and full legalization of cannabis is a necessary step towards correcting past injustices and creating a fair and equitable criminal legal system,” Gersten said in a statement from the group. “We will continue to work tirelessly to ensure that individuals burdened with past cannabis convictions have their records expunged and that all cannabis prisoners are released, regardless of the federal scheduling decision. Despite not achieving full legalization, we must use this historic moment to push the fight for cannabis justice forward, and we intend to do so by leveraging this reclassification for broader criminal legal reforms as outlined here.”</p>
<h2 id="weed-stocks-rally" class="wp-block-heading"><strong>Weed Stocks Rally</strong></h2>
<p>Despite falling short of marijuana legalization, the DEA rescheduling decision sent share prices of cannabis stocks to significant gains in Tuesday trading. Multistate operator Trulieve spiked nearly 30% Tuesday afternoon, CNBC <a href="https://www.cnbc.com/2024/04/30/cannabis-stocks-surge-as-biden-administration-moves-to-reclassify-marijuana.html">reported</a>, while Curaleaf jumped 19% to a 52-week high. </p>
<p>MarketWatch <a href="https://www.marketwatch.com/story/cannabis-stocks-rally-as-ap-reports-imminent-rescheduling-proposal-by-dea-f1896fd3?mod=mw_latestnews">reported</a> that Toronto-based TerrAscend was up more than 25%, while Green Thumb Industries Inc. rose by more than 22% and Cresco Labs Inc. climbed nearly 14%.</p>
<p>Emily Paxhia, co-founder of cannabis investments firm Poseidon Investment Management, said she expects a “surge in liquidity as sidelined capital enters the market, drawn by the potential for legal businesses to thrive” as regulated cannabis companies face off against the entrenched unlicensed cannabis market.</p>
<p>The post <a href="https://hightimes.com/news/cannabis-community-investors-react-to-dea-decision-to-reschedule/">Cannabis Community, Investors React to DEA Decision To Reschedule</a> first appeared on <a href="https://hightimes.com/">High Times</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/cannabis-community-investors-react-to-dea-decision-to-reschedule/">Cannabis Community, Investors React to DEA Decision To Reschedule</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>History: DEA agrees to move marijuana to Schedule III</title>
		<link>https://paradisefoundor.com/history-dea-agrees-to-move-marijuana-to-schedule-iii/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Wed, 01 May 2024 03:00:53 +0000</pubDate>
				<category><![CDATA[aggregated]]></category>
		<category><![CDATA[Decriminalization]]></category>
		<category><![CDATA[Industry]]></category>
		<category><![CDATA[legalization]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[President Biden]]></category>
		<category><![CDATA[rescheduling]]></category>
		<category><![CDATA[research]]></category>
		<category><![CDATA[taxes]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/history-dea-agrees-to-move-marijuana-to-schedule-iii/</guid>

					<description><![CDATA[<p>The federal war on marijuana has entered the end game. The post History: DEA agrees to move marijuana to Schedule III appeared [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/history-dea-agrees-to-move-marijuana-to-schedule-iii/">History: DEA agrees to move marijuana to Schedule III</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>The federal war on marijuana has entered the end game.</p>
<p>The post <a rel="nofollow" href="https://www.leafly.com/news/politics/marijuana-schedule-3-breaking-news">History: DEA agrees to move marijuana to Schedule III</a> appeared first on <a rel="nofollow" href="https://www.leafly.com/">Leafly</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/history-dea-agrees-to-move-marijuana-to-schedule-iii/">History: DEA agrees to move marijuana to Schedule III</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
		<item>
		<title>Congressional Progressive Caucus Says Dems Can Legalize MJ By Winning House, Senate Majorities This November</title>
		<link>https://paradisefoundor.com/congressional-progressive-caucus-says-dems-can-legalize-mj-by-winning-house-senate-majorities-this-november/</link>
		
		<dc:creator><![CDATA[Jason]]></dc:creator>
		<pubDate>Thu, 25 Apr 2024 03:01:27 +0000</pubDate>
				<category><![CDATA[adult use]]></category>
		<category><![CDATA[aggregated]]></category>
		<category><![CDATA[cannabis reform]]></category>
		<category><![CDATA[Congressional Progressive Caucus]]></category>
		<category><![CDATA[Democrats]]></category>
		<category><![CDATA[descheduling]]></category>
		<category><![CDATA[Election]]></category>
		<category><![CDATA[legalization]]></category>
		<category><![CDATA[news]]></category>
		<category><![CDATA[Politics]]></category>
		<category><![CDATA[rescheduling]]></category>
		<guid isPermaLink="false">https://paradisefoundor.com/congressional-progressive-caucus-says-dems-can-legalize-mj-by-winning-house-senate-majorities-this-november/</guid>

					<description><![CDATA[<p>It’s a given that Election Season comes with a slew of messages from all sides, and the Congressional Progressive Caucus (CPC) is [&#8230;]</p>
<p>The post <a href="https://paradisefoundor.com/congressional-progressive-caucus-says-dems-can-legalize-mj-by-winning-house-senate-majorities-this-november/">Congressional Progressive Caucus Says Dems Can Legalize MJ By Winning House, Senate Majorities This November</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></description>
										<content:encoded><![CDATA[<div>
<p>It’s a given that Election Season comes with a slew of messages from all sides, and the Congressional Progressive Caucus (CPC) is throwing its hat in the ring with a new legislative agenda, “a vision for Congress to meet everyday Americans’ urgent needs and rebuild the American dream for the poor, working, and middle class,” according to a recent <a href="https://progressives.house.gov/press-releases?ID=F55B6428-AD77-438A-9799-887BD915ED87">news release</a> from the group.</p>
<p>Specifically, the agenda includes a number of priorities like cannabis legalization and expungements that the caucus argues Democrats “can pass with congressional majorities” should they keep the Senate and take control of the House this November, as first reported by <a href="https://www.marijuanamoment.net/congressional-progressive-caucus-says-democrats-can-legalize-marijuana-if-they-win-house-and-senate-majorities-in-november-election/"><em>Marijuana Moment</em></a>.</p>
<h2 id="a-renewed-push-for-the-progressive-agenda" class="wp-block-heading"><strong>A Renewed Push for the Progressive Agenda </strong></h2>
<p>The agenda comes as progressive voters have increasingly expressed doubt in the two-party system ahead of the November elections, specifically the ability for the Democratic Party to align with and enact certain aims of progressive voters.</p>
<p>Rep. Pramila Jayapal, chair of the CPC, assured progressives that they have been part of the “most significant Democratic legislative accomplishments in the country” while recognizing that there is still ample work to be done.</p>
<p>“That’s why the Progressive Caucus has identified these popular, populist, and possible solutions,” Jayapal said. “With the Progressive Proposition Agenda, Democrats in Congress can meet the urgent needs people are facing, rewrite the rules to ensure majorities of this country are no longer barred from the American promise of equality, justice, and economic opportunity, and motivate people with a vision of progressive governance under Democratic majorities in the House and Senate and a Democratic White House.”</p>
<p>The document presents a comprehensive legislative agenda surrounding policies meant to uplift poor and working class people. In addition to cannabis-related issues, the agenda looks at raising wages and lowering costs; correcting inequality in the economic, educational and political systems; continuing to push for progressive climate crisis policy and protecting and expanding the rights and freedoms of Americans.</p>
<h2 id="official-progressive-gop-stances-on-cannabis-reform-in-2024" class="wp-block-heading"><strong>Official Progressive, GOP Stances on Cannabis Reform in 2024</strong></h2>
<p>The document breaks down policies into a number of focus areas, including legislative policy proposals that Democrats could pass with congressional majorities that the CPC says “will deliver immediate, tangible results for everyday Americans as well as rebuild systems that have held communities back for too long.”</p>
<p>Under the “Advance Justice” section, the CPC lists a number of focus areas such as strengthening reproductive rights and LGBTQI equality, comprehensive policing reform, obtaining citizenship and fair systems for immigrants, ensuring respect for tribal obligations, abolishing the death penalty and addressing the legacy of slavery.</p>
<p>It also lists marijuana legalization, with the aim, “Legalize cannabis, expunge records, and provide restorative justice for people with marijuana-related convictions.” Specifically, the CPC cites reducing criminalization and incarcerations “through sentencing reform, legalizing cannabis, expunging records, providing restorative justice, and an accelerated and reformed clemency process for people with marijuana-related convictions.”</p>
<p>A separate <a href="https://progressives.house.gov/_cache/files/1/d/1d9cdfa4-8438-444b-b9be-022a3577f5ca/854CC6D4FB4BF446CAEDBCED8D28513A.cpc-executive-action-slate-for-the-118th-congress.pdf">Executive Action Agenda</a> from the CPC last year urged the Department of Health and Human Services (HHS) and the Department of Justice (DOJ) to expedite the review of cannabis as a Schedule I controlled substance, publicly document the progress and timeline for <a href="https://hightimes.com/news/in-state-of-the-union-address-biden-vows-to-review-federal-reclassification-of-pot/">rescheduling/de-scheduling</a> and expedite DOJ guidance to reinstate protection against federal prosecution and interference among state- and tribal-legal cannabis programs.</p>
<p>In contrast, the Republican Policy Committee recently shared its agenda in a memo <a href="https://republicanpolicy.house.gov/sites/evo-subsites/republicanpolicy.house.gov/files/evo-media-document/Marijuana%20Policy%20Guide.pdf">claiming</a> an anti-cannabis reform position, calling cannabis a “gateway drug” causing “violence, depression and suicide.”</p>
<p>“Marijuana is a dangerous, addictive drug with no mechanism to control rouge producers from increasing potency and causing more harm,” the new GOP policy guide reads. “Rather than labeling marijuana as a recreational drug, it should be labeled for what it is—a gateway drug that increases schizophrenia and impairs cognitive ability.”</p>
<p>It also included two policy recommendations urging members to oppose the Secure and Fair Enforcement (SAFE) Banking and the Cannabis Users’ Restoration of Eligibility (CURE) Act, despite both measures boasting bipartisan support.</p>
<p>The post <a href="https://hightimes.com/news/congressional-progressive-caucus-says-dems-can-legalize-mj-by-winning-house-senate-majorities-this-november/">Congressional Progressive Caucus Says Dems Can Legalize MJ By Winning House, Senate Majorities This November</a> appeared first on <a href="https://hightimes.com/">High Times</a>.</p>
</div>
<p>The post <a href="https://paradisefoundor.com/congressional-progressive-caucus-says-dems-can-legalize-mj-by-winning-house-senate-majorities-this-november/">Congressional Progressive Caucus Says Dems Can Legalize MJ By Winning House, Senate Majorities This November</a> appeared first on <a href="https://paradisefoundor.com">Paradise Found</a>.</p>
]]></content:encoded>
					
		
		
			</item>
	</channel>
</rss>
