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The Department of Justice has proposed a rule to reschedule marijuana from Schedule I to Schedule III under the Controlled Substances Act. This move marks a significant shift in U.S. marijuana policy, with potential impacts on industry regulations and tax laws. The Biden administration's decision to reclassify marijuana has sparked discussions on the economic implications for the multibillion-dollar cannabis industry and legal challenges to federal marijuana prohibition.
Attorney David Boies, representing a group of cannabis companies challenging federal marijuana prohibition, told a Massachusetts federal judge that his clients' case should proceed because a Supreme Court case governing marijuana policy is out of date. https://t.co/0GEhz5nybA
A judge questioned litigator David Boies for several Massachusetts cannabis businesses about their claim that the federal prohibition on marijuana is unconstitutional. The judge said his hands may be tied because the US Supreme Court already upheld the law https://t.co/aBdce7BTOX https://t.co/awfucdbJgc
Department of Justice Publishes Notice of Proposed Rulemaking to Reschedule Marijuana to Schedule III https://t.co/G1rLJ79XNu #Marijuana #DOJ #Health @natsfert https://t.co/g3WDglBDYP
