Trump could reschedule marijuana to Schedule III, promising tax relief but raising new legal and industry concerns

CBS News Atlanta reports on President Trump’s consideration of moving marijuana to Schedule III. The story explains that this change could reduce tax burdens for cannabis businesses but might introduce new regulatory complexities.Experts quoted in the article say rescheduling would allow companies to deduct ordinary business expenses, easing Section 280E taxes. However, it would also place cannabis alongside prescription medications, requiring stricter controls and potentially limiting product formats.The article urges stakeholders to watch how the reclassification process unfolds.

Read the full article here: https://www.cbsnews.com/atlanta/news/trump-reschedule-marijuana-schedule-iii-tax-relief-industry-concerns