Marijuana's reclassification is 'long overdue' by the DEA: Curaleaf CEO
Marijuana's reclassification is 'long overdue' by the DEA: Curaleaf CEO
Following urgings by the U.S. Department of Health & Human Services, DEA officials could reclassify marijuana’s drug status to that of a Schedule III substance. Curaleaf (CURLF) CEO Matt Darin joins Yahoo Finance Live to discuss what new regulation could mean for the cannabis industry and certain banking system oversights. “We think this is going to be a massive catalyst,” Darin describes. “The biggest impact from a financial standpoint will be the removal of the draconian 280E section of the tax code that has really become untenable for our regulated industry.” Darin outlines the higher tax rates cannabis distributors incur, emphasizing the fact that the U.S. government “collects more state taxes from cannabis than they do from alcohol.” He comments on the outlook and expansion of the cannabis industry on marijuana’s potential reclassification.
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I wonder less tax pay less for medication?
Americans aren’t going to buy big pharmaceutical cannabis. Before Joe Biden stepped into office. The fella told Wisconsin he’s gunna hand the whole industry to big pharmaceutical. Schedule 3 gives big pharmaceutical all the power to mold cannabis at their will. Yet they still don’t have much power over it. Cannabis easier to get than a six pack of beer. You can find it in every city, state and town from coast to coast. From the boarders of Canada to the boarders of Mexico. Who’s gunna pay hundreds and thousands of dollars on pharmaceutical cannabis. When you can just call the local weed dealer and get a half oz of some sticky for 75 bucks? Edibles and concentrates are easy to make in your own kitchen.
Marijuana should stay a schedule 1 drug.
Another layer of obstacles winners will need to navigate on their way to success!
it literally means nothing for Users if they just reschedule it
Governments are put place by man to control man and the greed of other corporations; It is immoral to allow them the power to prohibit what was given to us by God. Freedom of religion to me and they are in clear violation.
Only those that have not experienced its effects will say negatively about it.
42nd don’t matter what color you are we all suffer the same way
It’s not schedule 3 that doesn’t fit either bs monopoly tactics people will just ignore the laws as they have been if they don’t agree with them
Finally we all know has so many benefits in the states where is legal governments notice a drop of foster care children
They need to just take weed off of all schedules and make it legal like cigarettes and alcohol weed makes everybody happy and not doing any harm they just use it as ah tool to shake ya down and put you in jail for the weekend government is ah fraud if joe Biden make it legal federally that’s the only thing might get him re-elected
Actually it’s a cash machine for the government and states to keep it illegal
You asked a CEO who has been consistently caught red handed for issues with their product including aspergillus and other microbes yet you put them on a pedistool to talk about the good about rescheduling. The only good is that it serperates Rec market from Medical Market
Marijuana is illegal in Hawaii still because of how corrupt the community and society is here. It’s sold on the streets.
Doesn’t need to be reclassified needs to be federally legal that’s what the American people want majority rules we the people want federally legal weed (Free the weed movement)
De-classify the whole thing. Moving it to three is just a stunt, alcohol is WAY worse than weed. You can die from drinking too much booze and you can die from alcohol withdrawal. That’s NOT true for cannabis. BIG SCAM for PRISON CELLS!
Crime rates will go up like they did with OxyContin
Stop worrying about how much money it will bring in to the government and just freaking do it! It’s all they seem to be worried about, how to TAX it! Being illegal has made the government so much money because, jail time, "criminal" charges….etc. Make it available in a controlled environment instead of off the streets where dumb assess lace it with Lord knows what! Thanks to Nixon, this has become the biggest mistake by making it a criminal charge, because he was such a Dick! He lived up to his name! Health to us citizens is very important!
If you have 3 guys together, you give them free alcohol, they get drunk and start a fight. The next day you give them free marijuana, they get stoned and start a Band!! 🤘😝🎸🎶⚡🎶🥁🎶🎉
Legalize and decriminalize nation wide !!
( Free Texas ) schedule 3 why not schedule 0
It is about time!
Executive branches/3 letter agencies should have nothing to do with legislation. DEA needs plenty of funding to waste.
It doesn’t need to be on the schedule at all it needs to be regulated like tobacco and alcohol schedule 3 still needs a prescription under federal law😢
Idk, i feel so much better on my doctor prescribed pain pills than injecting that weed!
It’s not rocket science, cannabis is the new base level “cigarette”, …except it has benefits
They’re not gonna legalize it
Yo Curaleaf… Why has Your cannabis and most all other medical cannabis suppliers NOT gone down in price since Pa went medical??? How about you suppliers STOP ROBBING CANNABIS USERS!!!
Needs to be fully legal everywhere period.
It really does have medicinal benefits when used correctly. Some people can abuse about anything, especially food….
🤝🇵🇷🙏😮💨 I am 68 and never have used anything except cannabis. In the medical field and never once have I met anyone who used only Cannabis. They are told cannabis kills and makes u go into crazy mentality! Not in my lifetime have any of my doctors have labeled me as mentally disabled. Only a foot doctor who refused to say amazingly I healed in three days when many are taking his pain meds. For years🫢🫣🤭Then he gets to go buy few homes🫢🤥🤥🤥🤥🤥🤥🤥🤥🤥🫤🫤🫤🫤🫤Stop lying about a seed planted in the ground of Mother Earth
How many lives have suffered
Ummm, Kentucky is now Legal for Medical. Might wanna change ur chart.
it still pisses me off they keep saying things like "heroin and ecstasy" or another guy "heroin, lsd, and peyote" as if these are drugs that deserve to be lumped in with heroin. what about cocaine? or meth? or pcp? mdma lsd and peyote are all incredibly therapudic drugs if used correctly and have changed many many peoples lives in a very good way. the only reason mdma gets a bad rep is because the govt allows criminals to control the market in which they can pass of anything they want and claim its mdma and people take it and OD on bathsalts.
Get rid of the drug testing for marijuana
It’s happening
Land of the free – let people make informed choices that impact themselves primarily.
It’s about time thay legal weed the fed know ther money in weed
alco lobby wanna kill you! it is huge money! they will fight …
How about getting rid of the scheduling bs altogether?
But this means absolutely nothing to anyone but the businesses that will get tax breaks…….people in illegal states will still be arrested……vets and seniors who need it medically still won’t have it unless they break the law! This is NOTHING…….a huge fail…..half attempt…..
Cannabis is strongly correlated with serious irreversible mental illness. If you’re unlucky, even the smallest amount can ruin your life and get you locked in a padded room on powerful anti-psychotics, for life. Read "Henry’s Demons" or see the studies by Professor Sir Robin Murray. Google "Cannabis-associated psychosis: Neural substrate and clinical impact" published on NIH, for example.
You forgot to show the age group of 12 to 18 I wonder why. People forget that normalizing drug use effects children in a terrible way
What about the impact on the prison industry?
I agree with this.
Having gone to high school in the late 70s- early 80s period, it’s fair to say that I was around more than a few people who…."indulged", shall we say. Even though I never did (and have not), I never bought into the whole "gateway drug" argument. The only side effect I noticed was that it made my goofy friends goofier….and hungrier.
It’s still BS. It should be decriminalized, but it’s not going to be, all so yahoo’s like this can profit in its regulation while they line the pockets of the politicians see that to be so. I don’t want to buy your weed, I want to grow my own, and keep your greedy ass corporate hands out of my pockets.
What would it mean for your business, f all the everyday Americans who can lose their jobs for a plant w medical value
woefully inadequate, declassification is necessary
It should have NEVER been illegal from the start. If you do your research, u will understand why this law was in effect.
I wasn’t aware that the DEA had the right to make laws, their ability to classify drugs seems like they make the laws.
I’m getting 100 shares of CURLF, CGC, TLRY, and CRON tomorrow.
What a scam! This will END medical, as well as recreational, "LEGAL" cannabis. You’re selling a lie that we’ve been hearing for decades.