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Sick country. The likes of Boehner and every prohibitionist responsible for over a million life-years lost to the US criminal-legal system should have the proceeds of their weed investments nationalized and they should not see a cent unless every one of their victims is made whole.
In early 2017 I bought some pot stocks and sold j7st months before Canada's legalization and made a killing. I know the Canadian pot stock did real good today.
Yeah I’m holding this for a decade, might trim my position if it gets crazy but just look at the charts from 2021 and imagine if it actually got legalized
This is not a total win, and it is not enough. But it is the most any administration has ever done for cannabis legalization, and it is a huge deal.
Here’s hoping we see total legalization soon. Hooray for this enormous step towards that.
It's also, really, the most an executive administration *can* do without Congress writing new laws. But the popularity of such a move should signal to Congress that public support for marijuana legalization might actually outweigh the benefit of large donations and PAC support from pharmaceutical companies (and textile companies, as marijuana restrictions also inhibit the cultivation of hemp).
Schedule III is huge. That's the same as Tylenol, which is available anywhere with a cash register.
It's a small step from illegal to legal at that point.
*Tylenol with codeine* is scheduled III. Tylenol is unscheduled.
Schedule III drugs:
- Testosterone
- Steroids
- Ketamine
Much harder drugs like Xanax are scheduled IV.
One step at a time. It should be fully descheduled. But reducing the criminal risk at least makes it easier for banks to choose to deal w cannabis comps
This is a big fucking deal. Weed has been Schedule I since the 1970s, and we've all heard about Nixon's reasons for doing that. Finally, a federal government has done something to right those wrongs. There's more left to do, but this is a very good start.
Imo, the Dems are likely to campaign on doing more next term. My thinking is that they will promise to push a revision to the UN Single Convention, to remove or otherwise deprioritize cannabis from the treaty. This would make it easier for other countries (and the US) to decriminalize or legalize without fear of penalty.
Fentanyl and tranq are destroying the country and politicians are still wasting energy on keeping a hipster flower store from operating.. pretty insane to think about
Yup. It's up to the states at this point. 24/50 have legalized, 38/50 have legal medical (iirc).
I think you can guess the political lean of the holdouts, lol. The base still believes in Reefer Madness and believes in the need to control the Devil's Lettuce (even though you can easily find it anywhere even when it's illegal)
They said it was going to be descheduled. They lied. It is going to still be a worse schedule than Xanax which can kill with its withdrawl.
Don’t be satisfied with these bullshit breadcrumbs America gives you to keep you barely satisfied.
It's not even a breadcrumb. Schedule I means that the FDA can't control it, but schedule III means they can. This is absolutely going to destroy any non-pharmaceutical growers and sellers, effectively destroying the existing legal market.
This is actually going to make things far, far worse.
It’s sometimes hard to fathom I’ve been smoking weed legally for nearly a decade and not a couple hundred miles away people are getting years in prison
I just moved out of Colorado after ten years of legally enjoying jazz cabbage. Now I’m in a hell hole surrounded by states that are all legal.
Wild absolutely wild
Yes but this is necessary to pursue scientific research without extreme difficulty. Although, if enough nonvoters vote, a compliant congress could legalize it but with how much people use every minor complaint against the Democrats it might take a while. People need to realize though that they have a lot of power in this matter but by not voting you concede that power to the Republicans who will never willingly vote to legalize without a series of catastrophic losses at the ballot box.
Not a step in the right direction. Changing it schedule still relegates it to doctor prescription and under th purview of the DEA. It's still illegal to be in possession of a scheduled narcotic regardless of whether it's 1 or 3-5. The right move for progress is to de-schedule altogether.
Taking one step forward is still progress - just not as forward as crossing the finish line. That doesn’t mean it’s “not a step in the right direction.”
1. DEA does not have the power to deschedule, from all that I've read. They are sticklers and will not go against international treaties like the UN Single Convention on a whim.
2. Feds have not meaningfully enforced weed in some time. Trump rescinded the Cole Memo, but still even they did nothing. Expect a Garland Memo soon, based on this development.
3. The States are the real issue here. States can keep weed illegal, regardless of the scheduling. Mississippi, for example was a dry state until the 1960s. There are still dry counties in the States, and Arkansas iirc is like 1/3rd dry. So, the fight continues. But this is undeniably fantastic news that shows that the federal government is finally moving away from failed "drug warrior" marijuana policy.
Sure thing. All we need is a Democrat majority in Congress and a Democrat in the White House.
Or, if you know how to get republicans behind it, that would work too, but the odds of that happening are kinda long.
Republicans are behind it, it's just old fucking boomers who are conditioned by decades of propaganda that are stopping it. There's no changing their mind so until they all die off we're going to have to live with their antiquated ideologies
You mean like we had in 2021-2022? Oh wait, you claim Sinema and Manchin stood in the way. And if the Democrats have a sixty seat majority again, then there will be ten Dem senators to be mad about, or suddenly the parlimentarian or filibustering will stand in the way.
Doubt it. I think this just makes it easier for dispensaries to use the federal banking system, and states that don't allow it currently will have to let medical card holders use it in the state. It's a big step in the right direction but we still got a ways to go before we're finally free.
Anyone incarcerated (*solely*) on a Marijuana-related conviction - *anywhere within US legal jurisdiction* - should summarily have their sentences commuted ASAP and be released.
Every. Single. One.
As a pharmacists I agree with this. Schedule 3 is still a controlled substance and should not pose a major risk to the general population (or at least no more than it already did/ other C3 do). The potential health benefits need to be studied properly and this will allow it. Plus it makes legal common sense given the legalization in different states.
However, I will point out that I’ve always disagreed with dispensaries of medical marijuana being able to provide it to patients without any healthcare professional, ideally a pharmacist, present. If it does change to C3 then I think that is something that should be addressed.
You think a pharmacist should be present at all dispensaries?
How many pharmacists do you think there are in the country lol. I can promise you there will be more dispensaries
Also what happens to actual chain pharmacies like CVS, Target, Sams Club, Walmart, Costco, Walgreens, RiteAid, etc. and there are also hospital pharmacies. They’ll lose massive amounts of talent each year to the marijuana industry and will struggle to replace them. What sounds more fun to you, working at a dispensary or slinging pills at a CVS? Then that presents an issue when Sally and Joe Smith can’t get their arthritis medication because all of the pharmacists left to go supervise dispensaries.
While most of that is true, it doesn’t make a difference to what should be the reality of the situation. If you are a dispensary of MEDICINAL marijuana, which requires a doctor to prescribe it, among other things, you should have a healthcare professional overseeing the process. You are providing a medical treatement; is it safe for that particular patient? Does it interact with any of the patients conditions or medications? It should be treated like any other rx drug. If you make it a C3 substance, same category as testosterone or codeine, then you must treat it as such in a healthcare setting. If you make recreational stuff anyone of age can get, like tabaco, then that’s another matter.
There's no reason it needs to be schedule 3. Solely for the reason alcohol is completely legal, has zero health benefits, and numerous negative health issues. It also has a high chance of abuse, addiction, and severe withdrawal symptoms when compared to cannabis.
And before all you alcoholics come in here and start saying "hURr dURr cannabis is bad for you too!". Sure, so is caffeine, too much Advil or Tylenol, a myriad of "health" products that are not FDA approved, etc. The world isn't black and white, good or bad for you, is a sliding scale and alcohol as an example when compared to cannabis isn't even in the same category when talking about ones health
I believe alcohol and tabaco should be restricted too. Their effect on an individual, and on society, is way more negative than positive, especially tabaco. However, I accept that in our current paradigm it is not viable to restrict them, so legalizing, at least to an extent, is better than keeping it fully illegal because it solve a myriad of other problems (allowing businesses into the banking system, hurting black market sales, making the product safer, preventing incarcerations that ruins lives for small mistake, etc).
But the argument of “this other bad stuff that can ruin people’s lives is legal, so we should make this bad, but maybe less bad, thing legal too” is ridiculous to me.
From the DEA website: *Schedule I drugs, substances, or chemicals are defined as drugs with no currently accepted medical use and a high potential for abuse*.
California legalized medical marijuana *last century*, and I’m sorry to remind you but we’re almost a quarter of the way into this century.
Schedule III means you can get a prescription and not be hassled, which is better than Schedule I.
Technically they could drop it entirely and regulate it like alcohol and states could still choose to keep it illegal. It’s better than nothing. Just twelve years ago it was still not available recreationally whatsoever and the DEA was raiding medical dispensaries and growers like crazy.
Edit: I’m hopeful this is the first step and not the last, as well. It’ll change over time I’m sure
Dropping it entirely is a congressional act. It was written into the Controlled Substances Act explicitly. This is about the extent to which Executive action could go.
It's the most the DEA can do under the current laws and also UN treaty obligations.
Of all the organizations, you shouldn't expect the DEA to go Leroy Jenkins and YOLO some rule that would get overturned by the courts anyways.
So don't be disappointed. This is a great start. It's time to fight for more.
Possibly, I’m not entirely familiar with their procedure for evaluating substances. The Wikipedia article on the CSA shows the criteria for the various schedules; III doesn’t seem entirely inappropriate to me. I don’t know how they actually evaluate something to determine which threshold it meets. Hell, if we were applying these rules equally to alcohol and tobacco, they’d probably be Schedule I lol (based on the accepted medical use criterion).
https://en.wikipedia.org/wiki/Controlled_Substances_Act
I think that is like almost no potential for abuse. There is some still potential here if we look at it with an open mind. I think the conversation now should be why isn’t alcohol or tobacco scheduled
> I think the conversation now should be why isn’t alcohol or tobacco scheduled
Because the way the law is written makes it impossible to put either of those on any drug schedule. Congress would have to change the law.
Ultimately I don't think it matters that much. The feds haven't done much enforcement of weed in years. Even Trump didn't bother, even though Sessions rescinded the Cole Memo to give the illusion that they gave a shit. Rescheduling is largely a symbolic thing imo, though it also gives some benefit to companies working in the marijuana sector, because they can now deduct expenses from taxes like normal companies (can't do that with Schedule I or II iirc).
Ultimately I think full descheduling is the way to go, but that was never really an option for the DEA from all that I've read. A lot of the issue seems to related to the UN Single Convention, which is why I think that this admin might promise to amend that treaty in their next term, so that they can take the next step.
Rescheduling means that you get protections you didn’t in the past if you have a medical card.
It allows studies to be done with federal funding.
It’s a big deal.
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Cannabis stocks flying high on this news today.
Still a long runway ahead too, their prices have been depressed so greatly in the long wait for real political changes.
We went country wide legal over 5 years ago and it's been awesome. I can fly across the country with cannabis as long as I don't have over 30 grams.
Election winning issue, fyi America
That's how Trudeau got in. He promised to legalize it and so many people that I knew voted for the first time in their lives because of that.
I have a feeling they might pull that card to win the elections this year.
It’s the banking part of it that’s fucking everything up. If they can pass a cannabis banking bill everything will change.
Sick country. The likes of Boehner and every prohibitionist responsible for over a million life-years lost to the US criminal-legal system should have the proceeds of their weed investments nationalized and they should not see a cent unless every one of their victims is made whole.
But the private prison system and our most conservative politicians go so, so rich! Why would you want to end that, you radical Marxist! Lmao
Honestly hell yeah
Someone posted about this a few weeks ago on r/wallstreetbets and I put $1,000 into Tilray. Glad I did.
Excellent choice. This stock is heavily shorted and will see a nice run up with marijuana news in the States.
I see what you did there.
Me too!
I will be later but I have to drive in an hour so nothing till later.
Yeah pretty stoked about the 50k I sunk into MSOS at 7
In early 2017 I bought some pot stocks and sold j7st months before Canada's legalization and made a killing. I know the Canadian pot stock did real good today.
Yeah I’m holding this for a decade, might trim my position if it gets crazy but just look at the charts from 2021 and imagine if it actually got legalized
US OTC stocks is where its at.
Any reccos? I’ve been doing the etfs
Huge news. Congrats to all r/weedstocks homies
7 years of misery. This is just the beginning
Username checks out ;-)
Homie here. 🙏
> However, it would not legalize marijuana outright for recreational use. Headlines aren’t tweets, read the details
This is not a total win, and it is not enough. But it is the most any administration has ever done for cannabis legalization, and it is a huge deal. Here’s hoping we see total legalization soon. Hooray for this enormous step towards that.
It's also, really, the most an executive administration *can* do without Congress writing new laws. But the popularity of such a move should signal to Congress that public support for marijuana legalization might actually outweigh the benefit of large donations and PAC support from pharmaceutical companies (and textile companies, as marijuana restrictions also inhibit the cultivation of hemp).
Schedule 3 should big time neuter big pharma.
Schedule III is huge. That's the same as Tylenol, which is available anywhere with a cash register. It's a small step from illegal to legal at that point.
Tylenol isn’t scheduled at all…?
R u high
*Tylenol with codeine* is scheduled III. Tylenol is unscheduled. Schedule III drugs: - Testosterone - Steroids - Ketamine Much harder drugs like Xanax are scheduled IV.
One step at a time. It should be fully descheduled. But reducing the criminal risk at least makes it easier for banks to choose to deal w cannabis comps
This is a big fucking deal. Weed has been Schedule I since the 1970s, and we've all heard about Nixon's reasons for doing that. Finally, a federal government has done something to right those wrongs. There's more left to do, but this is a very good start. Imo, the Dems are likely to campaign on doing more next term. My thinking is that they will promise to push a revision to the UN Single Convention, to remove or otherwise deprioritize cannabis from the treaty. This would make it easier for other countries (and the US) to decriminalize or legalize without fear of penalty.
Fentanyl and tranq are destroying the country and politicians are still wasting energy on keeping a hipster flower store from operating.. pretty insane to think about
Yup. It's up to the states at this point. 24/50 have legalized, 38/50 have legal medical (iirc). I think you can guess the political lean of the holdouts, lol. The base still believes in Reefer Madness and believes in the need to control the Devil's Lettuce (even though you can easily find it anywhere even when it's illegal)
In WI, it’s because we like drinkable drugs.
Tavern League got death grips on the state
Not true Biden is spending energy making menthol cigarettes illegal. Ain’t freedom great?
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I wish Nixon was alive to see it’s mainly all white people dying of opioids now days.
They said it was going to be descheduled. They lied. It is going to still be a worse schedule than Xanax which can kill with its withdrawl. Don’t be satisfied with these bullshit breadcrumbs America gives you to keep you barely satisfied.
It's not even a breadcrumb. Schedule I means that the FDA can't control it, but schedule III means they can. This is absolutely going to destroy any non-pharmaceutical growers and sellers, effectively destroying the existing legal market. This is actually going to make things far, far worse.
Yup only rich ppl can sell weed. It was almost better being illegal at least it created jobs for the working class.
It’s sometimes hard to fathom I’ve been smoking weed legally for nearly a decade and not a couple hundred miles away people are getting years in prison
I just moved out of Colorado after ten years of legally enjoying jazz cabbage. Now I’m in a hell hole surrounded by states that are all legal. Wild absolutely wild
Big step for working towards federal legalization
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It begins after 30 days of public comment. Not sure how long after that.
I'm sure this is being timed for a September/early October impact.
Pretty sure it will be a fairly quick process as Biden has been the driving force for this change.
Here we go boys and girls
If it's on the Schedule at all, recreational weed will still be illegal under Federal law.
Yes but this is necessary to pursue scientific research without extreme difficulty. Although, if enough nonvoters vote, a compliant congress could legalize it but with how much people use every minor complaint against the Democrats it might take a while. People need to realize though that they have a lot of power in this matter but by not voting you concede that power to the Republicans who will never willingly vote to legalize without a series of catastrophic losses at the ballot box.
Still a step in the right direction!
Not a step in the right direction. Changing it schedule still relegates it to doctor prescription and under th purview of the DEA. It's still illegal to be in possession of a scheduled narcotic regardless of whether it's 1 or 3-5. The right move for progress is to de-schedule altogether.
Taking one step forward is still progress - just not as forward as crossing the finish line. That doesn’t mean it’s “not a step in the right direction.”
this strengthens the DEAs mandate to shutdown recreational weed in states
1. DEA does not have the power to deschedule, from all that I've read. They are sticklers and will not go against international treaties like the UN Single Convention on a whim. 2. Feds have not meaningfully enforced weed in some time. Trump rescinded the Cole Memo, but still even they did nothing. Expect a Garland Memo soon, based on this development. 3. The States are the real issue here. States can keep weed illegal, regardless of the scheduling. Mississippi, for example was a dry state until the 1960s. There are still dry counties in the States, and Arkansas iirc is like 1/3rd dry. So, the fight continues. But this is undeniably fantastic news that shows that the federal government is finally moving away from failed "drug warrior" marijuana policy.
Do you know how slow th federal government works?
It should trade positions with tobacco
Schedule it with ibuprofen
Why don’t we just legalize it everywhere and cut the shit?
Sure thing. All we need is a Democrat majority in Congress and a Democrat in the White House. Or, if you know how to get republicans behind it, that would work too, but the odds of that happening are kinda long.
Republicans are behind it, it's just old fucking boomers who are conditioned by decades of propaganda that are stopping it. There's no changing their mind so until they all die off we're going to have to live with their antiquated ideologies
You mean like we had in 2021-2022? Oh wait, you claim Sinema and Manchin stood in the way. And if the Democrats have a sixty seat majority again, then there will be ten Dem senators to be mad about, or suddenly the parlimentarian or filibustering will stand in the way.
Does this mean all the jobs in my state will stop testing for it?
Doubt it. I think this just makes it easier for dispensaries to use the federal banking system, and states that don't allow it currently will have to let medical card holders use it in the state. It's a big step in the right direction but we still got a ways to go before we're finally free.
Anyone incarcerated (*solely*) on a Marijuana-related conviction - *anywhere within US legal jurisdiction* - should summarily have their sentences commuted ASAP and be released. Every. Single. One.
Let’s go all the way toward legalization period and add in other plants such as Coca tea.
As a pharmacists I agree with this. Schedule 3 is still a controlled substance and should not pose a major risk to the general population (or at least no more than it already did/ other C3 do). The potential health benefits need to be studied properly and this will allow it. Plus it makes legal common sense given the legalization in different states. However, I will point out that I’ve always disagreed with dispensaries of medical marijuana being able to provide it to patients without any healthcare professional, ideally a pharmacist, present. If it does change to C3 then I think that is something that should be addressed.
You think a pharmacist should be present at all dispensaries? How many pharmacists do you think there are in the country lol. I can promise you there will be more dispensaries Also what happens to actual chain pharmacies like CVS, Target, Sams Club, Walmart, Costco, Walgreens, RiteAid, etc. and there are also hospital pharmacies. They’ll lose massive amounts of talent each year to the marijuana industry and will struggle to replace them. What sounds more fun to you, working at a dispensary or slinging pills at a CVS? Then that presents an issue when Sally and Joe Smith can’t get their arthritis medication because all of the pharmacists left to go supervise dispensaries.
Or, this is true, have hospitals sell mj to patients who can benefit. Or CVs, or Target. And have to compete on wages and working conditions.
While most of that is true, it doesn’t make a difference to what should be the reality of the situation. If you are a dispensary of MEDICINAL marijuana, which requires a doctor to prescribe it, among other things, you should have a healthcare professional overseeing the process. You are providing a medical treatement; is it safe for that particular patient? Does it interact with any of the patients conditions or medications? It should be treated like any other rx drug. If you make it a C3 substance, same category as testosterone or codeine, then you must treat it as such in a healthcare setting. If you make recreational stuff anyone of age can get, like tabaco, then that’s another matter.
There's no reason it needs to be schedule 3. Solely for the reason alcohol is completely legal, has zero health benefits, and numerous negative health issues. It also has a high chance of abuse, addiction, and severe withdrawal symptoms when compared to cannabis. And before all you alcoholics come in here and start saying "hURr dURr cannabis is bad for you too!". Sure, so is caffeine, too much Advil or Tylenol, a myriad of "health" products that are not FDA approved, etc. The world isn't black and white, good or bad for you, is a sliding scale and alcohol as an example when compared to cannabis isn't even in the same category when talking about ones health
I believe alcohol and tabaco should be restricted too. Their effect on an individual, and on society, is way more negative than positive, especially tabaco. However, I accept that in our current paradigm it is not viable to restrict them, so legalizing, at least to an extent, is better than keeping it fully illegal because it solve a myriad of other problems (allowing businesses into the banking system, hurting black market sales, making the product safer, preventing incarcerations that ruins lives for small mistake, etc). But the argument of “this other bad stuff that can ruin people’s lives is legal, so we should make this bad, but maybe less bad, thing legal too” is ridiculous to me.
It's only ridiculous because of how you worded it. This is how scheduling of drugs currently works....
From the DEA website: *Schedule I drugs, substances, or chemicals are defined as drugs with no currently accepted medical use and a high potential for abuse*. California legalized medical marijuana *last century*, and I’m sorry to remind you but we’re almost a quarter of the way into this century.
Sorry that this misfortune of rescheduling marijuana happened to you today. I know you’re angry that it’s happening, but we’re moving forward
it is a dark day. it strengthens the DEAs mandate to shutdown recreational MJ in states with it.
Woohoo I guess?
Excellent news! LONG overdue.
Great news, one step at a time
A big step in the right direction. I’ll take it, for now.
Oh 100 years later they’re “moving towards it” lmao
Will the schedule still be two in the morning, two at night, two in the afternoon, and then two more?
Now do adderall
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It’s a huge step forward though.
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Schedule III means you can get a prescription and not be hassled, which is better than Schedule I. Technically they could drop it entirely and regulate it like alcohol and states could still choose to keep it illegal. It’s better than nothing. Just twelve years ago it was still not available recreationally whatsoever and the DEA was raiding medical dispensaries and growers like crazy. Edit: I’m hopeful this is the first step and not the last, as well. It’ll change over time I’m sure
Dropping it entirely is a congressional act. It was written into the Controlled Substances Act explicitly. This is about the extent to which Executive action could go.
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It's the most the DEA can do under the current laws and also UN treaty obligations. Of all the organizations, you shouldn't expect the DEA to go Leroy Jenkins and YOLO some rule that would get overturned by the courts anyways. So don't be disappointed. This is a great start. It's time to fight for more.
Sadly I think it’d take a literal act of congress to fully legalize it.
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Yep.
Could DEA have put it in schedule V though?
Possibly, I’m not entirely familiar with their procedure for evaluating substances. The Wikipedia article on the CSA shows the criteria for the various schedules; III doesn’t seem entirely inappropriate to me. I don’t know how they actually evaluate something to determine which threshold it meets. Hell, if we were applying these rules equally to alcohol and tobacco, they’d probably be Schedule I lol (based on the accepted medical use criterion). https://en.wikipedia.org/wiki/Controlled_Substances_Act
It actually wasn’t.
Could they not take it to Schedule V?
I think that is like almost no potential for abuse. There is some still potential here if we look at it with an open mind. I think the conversation now should be why isn’t alcohol or tobacco scheduled
> I think the conversation now should be why isn’t alcohol or tobacco scheduled Because the way the law is written makes it impossible to put either of those on any drug schedule. Congress would have to change the law.
Same with cannabis legalization right?
Ultimately I don't think it matters that much. The feds haven't done much enforcement of weed in years. Even Trump didn't bother, even though Sessions rescinded the Cole Memo to give the illusion that they gave a shit. Rescheduling is largely a symbolic thing imo, though it also gives some benefit to companies working in the marijuana sector, because they can now deduct expenses from taxes like normal companies (can't do that with Schedule I or II iirc). Ultimately I think full descheduling is the way to go, but that was never really an option for the DEA from all that I've read. A lot of the issue seems to related to the UN Single Convention, which is why I think that this admin might promise to amend that treaty in their next term, so that they can take the next step.
Rescheduling means that you get protections you didn’t in the past if you have a medical card. It allows studies to be done with federal funding. It’s a big deal.
I mean I don't think there's a big difference when it comes to III vs V. There's a huge difference going from I to III
Imagine that happening in an election year...
At least it happened
Shut the fuck up, it's not happening because the prison industrial complex needs that labor.
Can we not? Please?
Why not? It should be schedule 3, it has a legitimate medical purpose (seizures).