Feds Reclassify Medical Cannabis, Tax Deductions Allowed

The Justice Department has reclassified medical cannabis from Schedule One to Schedule Three, allowing businesses to deduct expenses on federal taxes and researchers to access state-grown products. This move, hailed as historic, aligns state programs with federal ones and paves the way for smarter rules that reflect how people use cannabis. However, recreational use remains untouched and banking woes persist. A DEA hearing in June will explore full rescheduling and potential recreational use. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8450e3524c05d321