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New Federal Marijuana Rescheduling: What It Means for Consumers, Businesses & the Future of Cannabis For decades, cannabis has been classified under Schedule I of the Controlled Substances Act — a category defined as having high abuse potential and no accepted medical use. The proposed move to Schedule III represents one of the most significant regulatory shifts in modern cannabis history. Schedule III substances are recognized as having medical value and moderate-to-low physical dep …

Marijuana Rescheduling Law Updates The conversation around federal marijuana rescheduling is heating up in Washington again. A proposal to move cannabis from Schedule I to Schedule III under the Controlled Substances Act could reshape the industry, medical research, and tax policy across the U.S. Key Takeaways Federal marijuana rescheduling to Schedule III is under review in 2025. Could ease research barriers and remove IRS 280E limits on standard deductions. Banking restrictions likely rem …