Duane Morris Alert: Tax Implications of Reclassifying 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 reclassified as a Schedule III controlled substance. Below, we explore questions on the tax ramifications to the cannabis industry if marijuana is reclassified as such. Frequently Asked Questions […]