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Marijuana rescheduling runs into roadblock

The Biden administration’s plan to reschedule marijuana from Schedule I to Schedule III has been postponed by DEA Judge John Mulrooney, pending further appeals. This decision is concerning for the cannabis industry as the rescheduling would potentially allow businesses to make deductions or add credit to their annual federal taxes. Despite the pause, many remain hopeful that the incoming Trump administration will advance the process.

Source: thehill.com –

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