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Under the federal tax code, businesses involved in “trafficking” in marijuana or any other Schedule I or II drug can't deduct rent, payroll or various other expenses that other businesses can ...
Cannabis and tetrahydrocannabinols remain a Schedule I drug (no medical use) in California [128] and are subject to criminal penalties ranging from misdemeanor or felony probation up to 3 years in prison for maintaining a place for controlled substance sale or use under California Health & Safety Code Section 11366.
The Drug Enforcement Administration (DEA) is gearing up to reclassify marijuana in the US as a less dangerous drug, according to new reports, and cannabis company CEOs say the move has been a long ...
The Biden administration plans to reclassify marijuana for the first time since the Controlled Substances Act was enacted more than 50 years ago. DEA to reclassify marijuana, easing restrictions ...
California prohibits the export of marijuana to other states since with the U.S. Drug Enforcement Administration considers it a Schedule I drug. [13] [14] California grows up to five times more than its residents consume by some accounts. Others have estimated that 80% of the crop is shipped out of state.
The Drug Enforcement Administration initiated a 2024 policy review to potentially reschedule marijuana as a Schedule III drug, amounting to "the agency's biggest policy change in more than 50 years". [4] Some hiring and retention policies in federal employment and the armed forces evolved during 2024.
Rescheduling marijuana as a Schedule III drug is a monumental moment in U.S. drug policy history. ... Cannabis businesses will no longer fall under Section 280E of IRS tax code, which prohibits ...
The Department of Cannabis Control (formerly the Bureau of Cannabis Control, originally established as Bureau of Marijuana Control under Proposition 64, [1] [2] formerly the Bureau of Medical Marijuana Regulation [3] [4]) is an agency of the State of California within the Department of Consumer Affairs, charged with regulating medical cannabis (MMJ) in accordance with state law pursuant to the ...