{"id":1568,"date":"2024-05-17T09:13:14","date_gmt":"2024-05-17T13:13:14","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/cannabis\/?p=1568"},"modified":"2024-05-22T09:36:23","modified_gmt":"2024-05-22T13:36:23","slug":"dea-rescheduling-pa-legalization-efforts-may-breathe-new-life-into-cannabis-practices","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/cannabis\/2024\/05\/17\/dea-rescheduling-pa-legalization-efforts-may-breathe-new-life-into-cannabis-practices\/","title":{"rendered":"DEA Rescheduling, Pa. Legalization Efforts May Breathe New Life Into Cannabis Practices"},"content":{"rendered":"<p><span style=\"font-size: 1rem\">Duane Morris <\/span><a style=\"font-size: 1rem\" title=\"Read more about cannabis\" href=\"https:\/\/www.duanemorris.com\/practices\/cannabis_law.html\" target=\"_blank\" rel=\"noopener\">cannabis<\/a><span style=\"font-size: 1rem\"> industry group team lead <\/span><a style=\"font-size: 1rem\" title=\"Read more about Paul Josephson\" href=\"https:\/\/www.duanemorris.com\/attorneys\/paulpjosephson.html\">Paul Josephson<\/a><span style=\"font-size: 1rem\"> spoke with\u00a0<\/span><em style=\"font-size: 1rem\">The Legal Intelligencer <\/em><span style=\"font-size: 1rem\">on Pennsylvania cannabis legalization as the Drug Enforcement Administration has officially moved to reschedule marijuana from a Schedule I to a Schedule III substance.<\/span><\/p>\n<p>\u201cThere\u2019s not a legal practice area that hasn\u2019t touched or worked for our cannabis practice here,\u201d he said, although he and other attorneys emphasized the potential growth in financing work should rescheduling and local legalization efforts go through.<\/p>\n<p>\u201cRemoving this from Schedule I \u2026 it provides immediate tax relief to companies in the cannabis business,\u201d Josephson said, explaining that as the law currently stands, cannabis businesses aren\u2019t allowed to deduct business expenses when they calculate and pay taxes, resulting in razor-thin profit margins. \u201cWhen rescheduling happens, when that monkey comes off the back of the industry, it will improve cashflows for everyone in the business and allow for more investment.\u201d<strong> <a href=\"https:\/\/www.duanemorris.com\/news\/dea_rescheduling_pa_legalization_efforts_may_breathe_new_life_into_cannabis_practices_0524.html\" target=\"_blank\" rel=\"noopener\">Read more on the Duane Morris website<\/a>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Duane Morris cannabis industry group team lead Paul Josephson spoke with\u00a0The Legal Intelligencer on Pennsylvania cannabis legalization as the Drug Enforcement Administration has officially moved to reschedule marijuana from a Schedule I to a Schedule III substance. \u201cThere\u2019s not a legal practice area that hasn\u2019t touched or worked for our cannabis practice here,\u201d he said, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/cannabis\/2024\/05\/17\/dea-rescheduling-pa-legalization-efforts-may-breathe-new-life-into-cannabis-practices\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;DEA Rescheduling, Pa. Legalization Efforts May Breathe New Life Into Cannabis Practices&#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":[63,239,126,18,579,1019],"ppma_author":[714],"class_list":["post-1568","post","type-post","status-publish","format-standard","hentry","category-general","tag-cannabis","tag-dea","tag-paul-josephson","tag-pennsylvania","tag-pennsylvania-cannabis-legalizatoin","tag-rescheduling"],"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\/1568","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=1568"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/posts\/1568\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/media?parent=1568"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/categories?post=1568"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/tags?post=1568"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/ppma_author?post=1568"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}