#004 - What Does Rescheduling Mean for My Cannabis Business? w/ Khurshid Khoja

What are the implications of marijuana rescheduling under the Controlled Substances Act? Today, we are thrilled to host Khurshid Khoja, a notable cannabis industry expert, for a comprehensive conversation that shines light on this very topic. We're going to take you on a journey, navigating the decades-long efforts of advocacy groups like NORML to remove marijuana from the schedule one list, and discuss the significance of this rescheduling for cannabis businesses.Khurshid Khoja's insights are invaluable as we dig deeper into the potential impact of the FDA's enforcement on the cannabis industry. Prepare to gain a new perspective on current developments like the possibility of the FDA defining cannabis outside the scope of a drug, and the potential benefits this could have, including tax relief. With Koja's industry experience, we highlight the importance of readiness to leverage the benefits and mitigate the risks that come with cannabis rescheduling.To round out this enlightening discussion, we dissect the possible implications of the FDA's involvement in the cannabis industry and explore the potential for a recommendation for a carve-out. Our dialogue takes us through the history of how the FDA has treated hemp products and the response of DEA and FDA to hemp-derived products. We also touch on topical issues like warnings about CBD products and D8 products. This episode is a deep-dive into the complexities of cannabis rescheduling and its impact on the industry - a must-listen for anybody involved or interested in the cannabis business.Have a question for us? Send us a text. We may answer it in the next show!--High Spirits is brought to you by Vertosa and Wolf Meyer.Your hosts are Ben Larson and AnnaRae Grabstein.Follow High Spirits on LinkedIn. We'd love to hear your thoughts. Who would you like to see on the show? What topics would you like to have us cover? Visit our website www.highspiritspod.com and listen to all of our past shows.THANK YOU to our audience. Your engagement encourages us to keep bringing you these thought-provoking conversations. Remember to always stay curious, stay informed, and most importantly, keep your spirits high.