A hearing on rescheduling marijuana at the federal level will be held after the election near the end of the year, according to the U.S. Drug Enforcement Administration (DEA).
President Joe Biden asked the U.S. attorney general and the secretary of Health and Human Services (HHS) in 2022 to conduct a review of how marijuana is scheduled under federal regulation.
The proposed rule is consistent with HHS’s view that marijuana “has a currently accepted medical use, has a potential for abuse less than the drugs or other substances in schedules I and II, and that its abuse may lead to moderate or low physical dependence or high psychological dependence,” according to the Federal Register.
Rescheduling marijuana would bring tax benefits for businesses engaged in its trade, the group said. In addition, some restrictions on marijuana research would be lifted. However, the rescheduling would not decriminalize marijuana at the federal level.
Support and Opposition
The proposal to bump marijuana from Schedule I to Schedule III gained support from the New York State Bar Association.“When Congress placed marijuana on Schedule I nearly half a century ago, it never intended for its decision to be etched in stone. Since then, views of marijuana’s harms and benefits have evolved, and states have taken different paths to regulation within their borders,” it stated.
The group pointed out that small businesses in the state’s marijuana trade pay an effective tax rate of more than 70 percent since they are prohibited from deducting the wholesale costs of the product.
By removing marijuana from Schedule I, this “tax burden” would be eliminated and marijuana businesses would be treated like other small businesses, it said.
“Marijuana users may exhibit cognitive impairment, anxiety, paranoia, and psychosis, and there is ongoing uncertainty about the full extent of its effects on health,“ the group said. ”Studies also indicate that marijuana use is associated with a higher likelihood of traffic accidents, emergency department visits, and workplace injuries.”
The association noted that marijuana use impairs perception, judgment, and coordination, thereby “significantly increasing the risk of accidents and fatalities on roadways.”
“States that have legalized recreational marijuana, such as Colorado, have experienced notable increases in collision claim frequencies and marijuana-related traffic deaths,” the association said.
A particular concern is the effect of marijuana on young adults and adolescent populations. Marijuana use during crucial developmental phases can adversely affect brain development, lowering IQ and making children more susceptible to mental health issues such as schizophrenia and depression, it said.
The law would allow adults 21 and older to have up to three ounces of marijuana. At present, only patients with qualifying medical conditions are allowed to buy marijuana in Florida.
“At the same time, someone should not be a criminal in Florida, when this is legal in so many other States,“ he wrote. ”We do not need to ruin lives & waste Taxpayer Dollars arresting adults with personal amounts of it on them, and no one should grieve a loved one because they died from fentanyl laced marijuana.”
Vice President Kamala Harris’s presidential campaign responded by accusing Trump of a “brazen” flip-flop.
“As of this morning, Trump now suggests he is for legalizing marijuana—but as President, his own Justice Department cracked down on marijuana offenses,” Ian Sams, a longtime Harris communications aide who joined the campaign earlier this month, said in a memo obtained by ABC News.