The process initiated by the Biden Administration should result in the rescheduling or descheduling of cannabis. Descheduling would demonstrate cannabis’ low potential for abuse and represent a dramatic step toward achieving President
Biden’s criminal justice and racial equity goals. Rescheduling cannabis to Schedule III, IV or V would mark historic progress toward ending federal prohibition and present a wide range of advantages over the unacceptable status quo, including:
Reducing the scope of potential criminal liability for cannabis-related activity.
Encouraging prosecutors and sentencing judges to view cannabis as a lower priority when making charging and sentencing decisions.
Providing federal tax relief from tax penalties associated with the enforcement of Section 280E of the Internal Revenue Code, which are particularly burdensome for social equity and small operators.