{"id":1453,"date":"2023-09-21T10:22:51","date_gmt":"2023-09-21T14:22:51","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/cannabis\/?p=1453"},"modified":"2023-10-11T09:50:53","modified_gmt":"2023-10-11T13:50:53","slug":"tax-implications-of-reclassifying-cannabis-as-a-schedule-3-controlled-substance","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/cannabis\/2023\/09\/21\/tax-implications-of-reclassifying-cannabis-as-a-schedule-3-controlled-substance\/","title":{"rendered":"Tax Implications of Rescheduling Cannabis as a Schedule III Controlled Substance"},"content":{"rendered":"<p>On August 29, 2023, the U.S. Department of Health and Human Services responded to President Biden\u2019s October 2022 call for a\u00a0<a href=\"https:\/\/mjbizdaily.com\/biden-calls-for-review-of-marijuana-scheduling-pardons-thousands-for-mj-offenses\/\" target=\"_blank\" rel=\"noopener\">federal review of marijuana scheduling<\/a>: The drug\u00a0<a href=\"https:\/\/mjbizdaily.com\/biden-health-officials-say-marijuana-should-be-rescheduled\/\" target=\"_blank\" rel=\"noopener\">should be rescheduled<\/a> as a Schedule III controlled substance. Below, we explore questions on the tax ramifications to the cannabis industry if marijuana is rescheduled as such.<\/p>\n<p><strong>Read this <a href=\"https:\/\/www.duanemorris.com\/alerts\/tax_implications_reclassifying_cannabis_schedule3_controlled_substance_0923.html\" target=\"_blank\" rel=\"noopener\"><em>Duane Morris Alert<\/em><\/a> for FAQs on cannabis rescheduling.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 29, 2023, the U.S. Department of Health and Human Services responded to President Biden\u2019s October 2022 call for a\u00a0federal review of marijuana scheduling: The drug\u00a0should 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 &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/cannabis\/2023\/09\/21\/tax-implications-of-reclassifying-cannabis-as-a-schedule-3-controlled-substance\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Tax Implications of Rescheduling Cannabis as a Schedule III Controlled Substance&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1009,1008,1001,132,1010],"ppma_author":[714],"class_list":["post-1453","post","type-post","status-publish","format-standard","hentry","category-general","tag-cannabis-reclassification","tag-duane-morris-alert","tag-schedule-iii","tag-tax","tag-tom-ostrander"],"authors":[{"term_id":714,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/posts\/1453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/comments?post=1453"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/posts\/1453\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/media?parent=1453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/categories?post=1453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/tags?post=1453"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/ppma_author?post=1453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}