Cannabis is displayed for customers at the Marijuana Paradise on Friday, April 19, 2024, in Portland, Ore. is moving toward reclassifying marijuana as a less dangerous drug. The Department of Justice proposal would recognize the medical uses of cannabis, but wouldn’t legalize it for recreational use.
Biden, a Democrat, supports legalizing medical marijuana for use “where appropriate, consistent with medical and scientific evidence,” White House press secretary Karine Jean-Pierre said Thursday. “That is why this independent review needs to go through.”No. Schedule III drugs — which include ketamine, anabolic steroids and some acetaminophen-codeine combinations — are still controlled substances.
Push to reduce criminal penalties for possessing small amounts of marijuana gaining traction in Texas Schedule III drugs are easier to study, though the reclassification wouldn’t immediately reverse all barriers to study. The deduction rule doesn’t apply to Schedule III drugs, so the proposed change would cut cannabis companies’ taxes substantially.
It could also mean more cannabis promotion and advertising if those costs could be deducted, according to Beau Kilmer, co-director of the RAND Drug Policy Center.