The U.S. Drug Enforcement Administration rejected a September request from Colorado officials to participate in the United States’ historic marijuana rescheduling process. That’s one example of the “bias” that should disqualify the agency from overseeing the hearings, according to claims made in a filing submitted Monday to the DEA’s chief administrative law judge, John Mulrooney II. […]
Reaching consensus on hotly debated issues is rare in the cannabis space, especially when it comes to potential ramifications of marijuana rescheduling. Some industry experts, such as cannabis hedge fund manager Patrick Rea, are optimistic that a wall of capital will flow into the sector, given the right catalyst. Others, including banker Peter Su, remain […]
Sometime in 2025, the IRS could stop taxing state-regulated marijuana companies like cocaine kingpins. As a bonus, licensed marijuana operators might no longer compete with mainstream retailers selling intoxicating THC products that meet the federal definition of hemp. Tax reform and some resolution to the civil war between marijuana and hemp are modest asks. But […]
‘Who knows what they’re going to do?’: US cannabis industry braces itself for Trump administration – Cannabis Business Executive – Cannabis and Marijuana industry news skip to Main Content Source link
Pam Bondi, the second choice of President-elect Donald Trump to lead the U.S. Justice Department, was an opponent of marijuana reform while serving as Florida’s attorney general and later in the first Trump administration. But it’s too soon to tell how Bondi might treat the issue if she’s confirmed as the attorney general for Trump, […]
Every party that applied to argue against moving marijuana to Schedule 3 of the Controlled Substances Act has full standing to participate in an upcoming landmark hearing, a top U.S. Drug Enforcement Administration judge ruled late Tuesday. But only one organization supporting marijuana rescheduling will have full standing for the highly anticipated Dec. 2 hearing, […]
The U.S. Drug Enforcement Administration could allow more participants to testify at upcoming hearings concerning marijuana rescheduling in addition to the initial 25 who were designated in October. That’s according to a footnote in a Nov. 15 order, in which DEA Chief Administrative Law Judge John Mulrooney II rejected a veterans advocacy group’s attempt to […]
The next step in the yearslong marijuana rescheduling process could be a brief hearing where an administrative law judge informs witnesses why they aren’t qualified to participate, observers told MJBizDaily. Ahead of a Nov. 12 deadline, cannabis advocates and business leaders invited to participate in a Dec. 2 hearing about marijuana rescheduling were asked to […]
For the first time, both the marijuana-reform movement and the $32 billion U.S. cannabis industry have little to fear on Election Day. In a historic first, both major-party candidates for president have signaled support for state-level marijuana legalization. And since both former President Donald Trump and Vice President Kamala Harris have signaled support for the […]
(This is a contributed guest column. To be considered as an MJBizDaily guest columnist, please submit your request here.) Tiby Erdely (Courtesy photo) The marijuana capital markets have experienced a whirlwind over the past few years – and this year’s elections around the nation show little sign of affecting the capital markets no matter who comes out on […]
