[co-author: Hanna Barker Mullin]
March was a giant month for hashish reform and the $40 billion state-regulated market.
President Biden talked about hashish reform and his administration's efforts to reprogram the substance in his State of the Union speech – a historic first for any US president. Vice President Kamala Harris held a hashish occasion on the White Home, the place she publicly expressed her need to see the US Drug Enforcement Administration (DEA) transfer rapidly to reprogram and privately indicated his assist for full legalization. U Journal of the American Medical Affiliation revealed a report and editorial, noting that the usage of unregulated intoxicating hashish is extra prevalent in states with out a state-regulated hashish market. Multi-state operator Trulieve introduced that they obtained $113 million in IRC Part 280E tax refunds. ProPublica reported that the US Division of Justice ready an up to date Cole memo; that is vital as a result of even in Schedule III, the trade wants readability on enforcement priorities. Excessive-profile litigation difficult the constitutionality of the Schedule I classification of hashish continues to press ahead. Beforehand, 12 state attorneys common wrote a letter to the DEA supporting rescheduling to Schedule III, and 6 governors did the identical.
In the meantime, Perkins Coie attorneys are main the legislation and public coverage technique for the Coalition for Hashish Scheduling Reform, which is able to submit public feedback on the DEA's issuance of a draft rule. The rule is predicted to be launched as quickly as April. If the DEA proposes to maneuver marijuana into Schedule III, it’s anticipated that the rescheduling and elimination of the tax penalties of Part 280E will mark a brand new chapter for the state-regulated hashish trade.
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JD Supra
https://www.jdsupra.com/legalnews/it-s-game-time-for-cannabis-reform-3938586/
