STATEMENT OF THE INTERNATIONAL CANNABIS BAR ASSOCIATION REGARDING DEA’S PROPOSAL TO RESCHEDULE CANNABIS TO SCHEDULE III
"INCBA commends President Biden for leading the push to move marijuana from Schedule I to Schedule III. This is a historic turning point that marks the most significant progress in the national cannabis legalization movement to date. This move marks a crucial step towards harmonizing federal law with states and the will of the majority of Americans that continue to call for cannabis legalization. By taking this critical step, we can begin to foster a cohesive national regulatory landscape and a sustainable cannabis industry. The decision will eliminate the unfair tax burdens imposed on state-regulated cannabis operators and could pave the way for greater access to financial services and resources to build a sustainable industry and improve access to safe and effective plant medicine. In recognizing cannabis’ therapeutic benefits and revisiting unfounded narratives surrounding its purported harm, HHS and DEA have dealt a major blow to the stigma that has justified cannabis prohib...