There could be big changes to cannabis taxes and clinical research — but how will it impact the average dispensary shopper?
after a public feedback session, but the DEA hasn't announced anything yet. Still, the AP calling it the"last significant regulatory hurdle before the agency’s biggest policy change in more than fifty years" isn't an overstatement.
Cannabis business owners focus on the tax implications of reclassifying from Schedule I to Schedule III, as they're all eager for lower tax rates — because of federal prohibition, cannabis business owners can't receive tax breaks, so their final tax rates can reach around 70 percent — but Schedule III includes drugs like ketamine and anabolic steroids, so I'm not yet sold that recreational businesses will qualify for any new tax breaks.
Activists worry that reclassification will push the plant into the hands of pharmaceutical companies, which isn't a crazy prediction, either. But it's not like mass-produced cannabis can get much worse, anyway. Anyone who's bought a $60 ounce from a dispensary knows what I'm talking about.Federal rescheduling could bring big changes to the cannabis industry, but dispensary shoppers probably won't notice immediate differences at the pot shop.
What Will Weed Rescheduling Do
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