Source: Reason
by Jacob Sullum
“Placing marijuana in Schedule III would not legalize recreational use, and it would allow medical use only if the Food and Drug Administration (FDA) approved specific cannabis-based products as prescription drugs. Producing and distributing marijuana, even in compliance with state law, would still be federal crimes, albeit subject to somewhat less severe penalties. Reclassifying marijuana nevertheless would be a financial boon to state-licensed marijuana businesses, relieving them of a disability that results in staggeringly high effective income tax rates. It also would make medical research easier by eliminating federal restrictions that are specific to Schedule I.” (12/15/25)