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Tag: Controlled Substances Act
The Cannabis Industry and Bankruptcy Relief
The Controlled Substances Act (CSA), 21 U.S.C. §§ 801-971, is a federal law that makes manufacturing, distributing, or dispensing marijuana a crime. Despite the...
White House Taps FOX Reporter for Drug Czar Post
WASHINGTON – In April, the Trump administration named former FOX News reporter Sara Carter as its pick for director of the Office of National...
DEA Judge Hits Pause on Cannabis Rescheduling
WASHINGTON – Cannabis rescheduling is up in the air again after the administrative law judge assigned to hear arguments for and against the proposal...
Legal Psychedelics Set to Follow Cannabis Regulatory Blueprint
Twenty-five years after Colorado legalized medical cannabis and a decade since greenlighting adult-use sales, the Centennial State made history again as one of the...
Fed Researchers: Rescheduling Won’t Improve Banking Access
WASHINGTON – Moving cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA) would do little to improve banking access for...
RIV Capital Reports Financial Results for the Second Quarter Ended June 30, 2024
TORONTO - RIV Capital Inc., an acquisition and investment firm with a focus on building a leading multistate platform with one of the strongest portfolios of...
DEA Delays Rescheduling Decision until after Election
WASHINGTON – The Drug Enforcement Administration has kicked the rescheduling can down the road, likely indicating no decision will be made this year.
In a...
Nearly 70% of Public Supports Cannabis Rescheduling, New Analysis Shows
WASHINGTON – At 11:59 PM Eastern Time on July 22, the public comment period for the Biden Administration’s proposed rule to reschedule marijuana closed,...
IRS Reaffirms Marijuana’s Status Under Federal Tax Law
WASHINGTON – The Internal Revenue Service (IRS) has reiterated marijuana remains classified as a Schedule I controlled substance, and businesses involved in manufacturing, distribution,...
The Financial Impact of Cannabis Rescheduling
Ever since August 2023, when the Department of Health and Human Services (HHS) recommended moving marijuana to a less-restrictive schedule under the federal Controlled...