The Biden administration plans to remove marijuana from a list of the most dangerous and highly regulated drugs, the Department of Justice said Tuesday night.
The Drug Enforcement Administration will propose moving the drug from a Schedule I substance, which also includes heroin and methamphetamine, to Schedule III, which is the category for regulated-but-legal drugs including testosterone and Tylenol with codeine.
With this court it probably depends on who has money where.
Cannabis stocks were up sharply on Tuesday on a report by the Associated Press that the U.S. Drug Enforcement Administration is poised to propose moving cannabis to a Schedule III controlled substance.
Why would SCOTUS be involved? The Controlled Substances Act created the “schedules”, but, according to the Wiki article, delegated assignment of specific compounds to the schedules to the DEA and FDA. If the DEA moves this particular compound from Schedule 1 to Schedule III, it is acting within it’s Congressionally assigned authority.
Of course, if the case before the SCOTUS to declare the “administrative deep state” has no regulatory authority, then every compound regulated under the Controlled Substances Act becomes unregulated at the Federal level.
Steve…amused at the thought of Hoosiers flocking to Michigan to make a buy.
Driving along I-40 eastbound between Tucumcari and Amarillo there some billboards after entering Texas by a law firm. “Congratulations. You’re now a felon. If you need our help, call XXXX.”
When I worked at the pump seal company in the late 70s, Michigan had a beverage container deposit law, Indiana did not. A group of the luminaries I worked with got together and drove to Indiana, to buy beer, in no-deposit cans, so they could throw the cans out the car window without losing the deposit money.
As kids in the early 1970s, we picked up aluminum cans for recycling. This was in Houston. They paid by the pound. I remember crushing the cans flat so more would fit in the bags.
Look at my stock, man. It’s, It’s moving, but it’s not moving…
Some investors probably jumped the gun. There’s still a lot to sort out. New DEA requirements with the schedule change will impact cannabis companies’ bottom line. Overall this will boost the industry and improve needed regulation for eventual federal legalization.
My MIT BIL believes firmly in recycling plastic. He has not faced that only 5 to 6% of our plastic waste is recycled. It is not working in this country for plastic.
Just got a Google result 65% of cans are recycled. That is much better. But in the 1970s it was not that high.
