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Tuesday’s announcement by the U.S. Drug Enforcement Administration that it is moving toward removing marijuana from its list of Schedule I drugs definitely got people in the pot business fired up.
“Well.. they got that right!!” actor and cannabis grower Jim Belushi told HuffPost. “Wise up! Keep moving in the right direction! Now, let’s release the cannabis prisoners from prison.”
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Still, indica insiders note it’s only a first step.
Lou Police, CEO of Hi Seltzer, a cannabis beverage brand, told HuffPost that he loves the progress being made by the federal government in this space, but stressed that people in the bud biz “don’t want to see this rescheduling or any new federal regulations harm the existing market for both hemp and cannabis products nationwide.”
Until now, cannabis has been considered a Schedule I drug, a term for drugs with a high potential for abuse as well as severe psychological and/or physical dependence.
The DEA now plans to move pot to Schedule III, which is for drugs with only a moderate to low potential for physical and psychological dependence.
Milan Patel, the CEO and co-founder of PathogenDX, a cannabis testing company, said the move should “trigger federal regulatory agencies into
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