- The announcement last week by the department of Health and Human Services (HHS) that it is now recommending the rescheduling of cannabis from schedule I to III, marks a significant inflection point for federal cannabis reform. The timing of the Drug Enforcement Agency (DEA) approval is unknown but could be centered around next year’s presidential race.
- Even though cannabis remains illegal at the federal level, it has been a de facto industry for years, with a myriad of forces that have affected its profitability. Since 2014 when the legalization of recreational use cannabis was introduced in Colorado, billions of dollars have been deployed into the sector. Additionally, the economic benefits that have been realized over …
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