Senate Republicans indicated Thursday they plan to move forward with the nomination of Terrance Cole, President Donald Trump’s choice to lead the U.S. Drug Enforcement Administration.
At the top of Cole’s to-do list for operators in the legal cannabis industry is deciding the fate of the marijuana rescheduling process, which has been on indefinite hiatus since January.
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In a post on X on Thursday evening, the Senate Republican Cloakroom said it would call a vote to “invoke cloture,” or end debate and trigger an up-down vote on Cole’s nomination, at 5:30 p.m. Monday.
Reclassifying cannabis as a Schedule 3 drug, down from its current Schedule 1 status, would at last unlock profound tax relief for legal cannabis companies.
Downgrading marijuana under federal law
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