$5.7 Billion in Tax Revenue in the Last 18 Months and Anti-Pot Groups Worry the Weed Biz Would Get Too Big with Rescheduling?
October 28, 2023
The letter suggests that rescheduling marijuana to Schedule III could “supersize” the industry through tax relief and market normalization. It also argues that rescheduling would reduce penalties for marijuana trafficking, potentially hindering cartel prosecution. Legal experts, however, challenge this claim, highlighting that penalties for drug trafficking are not directly linked to the drug’s scheduling under the Controlled Substances Act.