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He declared that cannabis in its natural form is "one of the safest therapeutically active substances known to man. (T)he provisions of the (Controlled Substances) Act permit and require the transfer of marijuana from Schedule I to Schedule II". [45] Then-DEA Administrator John Lawn overruled Young's determination. Lawn said he decided against ...
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 ...
“Because marijuana is currently a Schedule I controlled substance, under current federal law (26 U.S. Code §280E) marijuana businesses, unlike other businesses, cannot deduct their business ...
The U.S. Drug Enforcement Administration is moving toward reclassifying marijuana as a less dangerous drug. The Justice Department proposal would recognize the medical uses of cannabis, but wouldn ...
Cannabis businesses currently fall under Section 280E of the IRS tax code, which forbids businesses involved in the "trafficking" of Schedule I and Schedule II substances from deducting "ordinary ...
Cannabis businesses will no longer fall under Section 280E of IRS tax code, which prohibits businesses involved in the "trafficking" of Schedule I and Schedule II substances from deducting ...
The Marijuana Opportunity Reinvestment and Expungement Act, also known as the MORE Act, is a proposed piece of U.S. federal legislation that would deschedule cannabis from the Controlled Substances Act and enact various criminal and social justice reforms related to cannabis, including the expungement of prior convictions.
Schedule I; The drug or other substance has a high potential for abuse. The drug or other substance has no currently accepted medical use in treatment in the United States. There is a lack of accepted safety for use of the drug or other substance under medical supervision. Examples: heroin, LSD, marijuana, MDMA (ecstasy), methaqualone (quaalude).