Posts from April 2026.
The Order today by the DOJ immediately reclassifying marijuana subject to a state medical marijuana license to Schedule III of the controlled substances act is a big step toward leveling the playing field for the cannabis industry to operate just like any other industry. The biggest burden on the industry, by far, has been the imposition of IRS Code 280(E), which precludes businesses based on unlawful Schedule I controlled substances from deducting normal business expenses. That restriction has been lifted as to medical marijuana, and for operators in states like Pennsylvania and ...
