You work hard. Now get ready to work harder to prepare to give more.
President Biden’s administration has proposed the reclassification of marijuana from a Schedule I controlled substance to a Schedule III drug, which recognizes its medical benefits. This significant shift would not only have far-reaching implications for markets and consumers but would also enhance the potential for medical research into cannabis.
What has Trump said about cannabis?
Two months prior to the election, Trump released a statement that significantly aligned him with both the Biden administration and his opponent, Vice President Harris.
He affirmed that he supports legalizing the recreational use of marijuana.
“I believe it is time to end needless arrests and incarcerations of adults for small amounts of marijuana for personal use. We must also implement smart regulations, while providing access for adults, to safe, tested product.” he said in a post on Truth Social.
KOMORN LAW (248) 357-2550
Trump expressed his support for Florida’s recreational cannabis ballot by indicating he would vote in favor of it even though the proposed amendment did not reach the required 60% threshold and he implied that Biden’s cannabis policy is likely to remain unchanged.
“As President, we will continue to focus on research to unlock the medical uses of marijuana to a Schedule 3 drug, and work with Congress to pass common sense laws, including safe banking for state authorized companies,” Trump said.
There’s much more good detail here at an article on the once great tax supported NPR site.
Other Articles
Federal Agency Smack Down on a Michigan Credit Union’s Cannabis Banking
Apple to ApplesAn independent federal agency has recently cited a Michigan credit union for non-compliance with regulations regarding banking services for the marijuana industry. Consequently, the financial institution has been directed to halt the opening of new...
Cannabis cash transactions aren’t suspicious says IRS
Following The MoneyLarge cash transactions by marijuana businesses should not be automatically flagged as suspicious, as per the latest IRS guidance. The tax agency's guidance aims to provide clarity on the federal Bank Secrecy Act, which mandates businesses,...
Our Kids are Dying of Drug Overdoses
THE KIDS AREN’T ALRIGHT, THEY’RE DYING OF DRUG OVERDOSESFrom May 2022 to May 2023, the Centers for Disease Control and Prevention reported an alarming 37 percent increase in American lives lost due to overdoses, totaling over 112,000 fatalities. This staggering surge...
Rescheduling Marijuana Would Be a Threat to Public Health
Kevin Sabet of Smart Approaches to Marijuana says policy makers need to learn from their mistakes with hemp when considering marijuana rescheduling. It’s rare for policymakers to get a preview of the consequences of pending policies, but the descheduling of...
