Tax Implications of Rescheduling Cannabis as a Schedule III Controlled Substance

On August 29, 2023, the U.S. Department of Health and Human Services responded to President Biden’s October 2022 call for a federal review of marijuana scheduling: The drug should be rescheduled as a Schedule III controlled substance. Below, we explore questions on the tax ramifications to the cannabis industry if marijuana is rescheduled as such.

Read this Duane Morris Alert for FAQs on cannabis rescheduling.

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The opinions expressed on this blog are those of the author and are not to be construed as legal advice.

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