The Biggest Things About Schedule III You Haven’t Thought Of

Influential Colorado law firm Vicente LLP founding partner Brian Vicente calls the sudden federal move to reschedule medical cannabis to Schedule III “the biggest thing” to happen in federal cannabis policy in decades.

In this Cannabis Business Times interview, Vicente breaks down three immediate implications:

●       potential Section 280E tax relief for medical cannabis operators

●       a new DEA registration process for medical businesses

●       and an accelerated administrative hearing that could open the door to broader adult-use reform.

Vicente and his firm have been in the trenches of legalization policy for decades in Colorado, and helped develop memos diving into issues surrounding the United Nations Single Convention on Narcotic Drugs, the international drug treaty, underpinning the Department of Justice’s recent action.

He says state medical cannabis programs played a critical role in giving federal officials a framework to recognize existing controls. He also sees major unresolved questions for hybrid medical- and adult-use-license states such as California, Maryland and Oregon, where businesses may need to determine how much of their operations qualify as medical.

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