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Marijuana Reclassification Hearing | Hartford News
Description
Federal hearings are underway that could reclassify cannabis from Schedule One to Schedule Three — a move that could unlock banking access, attract investment, and even offer tax breaks for cannabis businesses. While medical marijuana was recently reclassified, adult-use remains in the restrictive Schedule One category, hindering growth. Companies are already eyeing stock exchanges, but navigating federal registration and dual-state/federal operations is messy and costly. Legal challenges loom, and clarity won’t come before July 15th — leaving businesses in limbo as the legal landscape remains chaotic.
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