President Joe Biden’s administration will reportedly loosen laws regulating cannabis (marijuana), which some advocates say amounts to only a symbolic gesture that will ultimately change nothing.
The president will reportedly move cannabis from the maximally restrictive Schedule I to the minimally restrictive Schedule III of the Controlled Substance Act (CSA), according to the Guardian.
“That would lessen the tax burden on businesses selling the drug in states where it is legal and potentially change how police agencies view enforcement of marijuana laws,” noted the outlet.
David Culver, senior vice president of public affairs for the U.S. Cannabis Council, a trade group, said that lowering the restriction to Schedule III will be the turnaround that the cannabis industry desperately needs.
“If it’s going to be finalized at schedule III, it’s going to be the moment that the industry can turn the corner and we begin to see the growth in the cannabis space amongst the legal operators that we’ve been waiting on for so long,” said Culver.
Some advocates have said the move amounts to little more than a symbolic gesture that will do little to eliminate the burden that private cannabis sellers and growers experience. For instance, while 38 states have approved cannabis for medical or commercial use, the substance still faces the same restrictions as heroin on the federal level. Despite it being legal in certain states, the industry has had to contend with…