Major Shift in Marijuana Legislation: Implications for Michigan
The U.S. Drug Enforcement Administration is considering a significant shift in marijuana legislation by proposing to reclassify it from a "Schedule I" to a "Schedule III" drug. This change recognizes the medicinal value of cannabis but stops short of legalizing it for recreational use. Although this reclassification won't immediately alter legal recreational or medical programs in states like Michigan, it marks a substantial shift in federal policy, potentially easing research restrictions and reducing tax burdens for cannabis businesses.