What Schedule III Doesn't Do:
- It doesn't legalize cannabis federally
- It doesn't allow you to legally possess or consume cannabis under federal law
- It doesn't stop federal law enforcement from prosecuting you
- It doesn't resolve banking issues for most cannabis businesses
- It doesn't expunge the records of the millions arrested for cannabis offenses
- It doesn't allow interstate commerce
- It doesn't remove cannabis from the Controlled Substances Act
What Schedule III Does Do:
- Removes IRS Code 280E, giving massive tax breaks to large cannabis corporations
- Requires FDA approval for cannabis products (hello, Big Pharma!)
- Subjects dispensaries and growers to the Food, Drug, and Cosmetic Act
- Creates new federal crimes including selling prescription drugs without a license, misbranding, and illegal distribution
- Effectively hands the cannabis market to pharmaceutical companies while crushing small operators
Chief Pantysniffer Ted Cruz is monitoring the submissions personally. He’s on call 24/7, especially in the wee hours of the night when his wife and kids are asleep and he needs to drive out to some truck stop and investigate baddie behavior himself.