Asian Spectator


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Rescheduling marijuana would be a big tax break for legal cannabis businesses – and a quiet form of deregulation

  • Written by Sloan Speck, Associate Professor of Law, University of Colorado Boulder

In December 2025, the Trump administration accelerated the process of reclassifying marijuana from Schedule I to Schedule III under the Controlled Substances Act – a shift that would reduce restrictions and penalties associated with the drug.

Under the move, medical and recreational marijuana would still remain illegal at the federal level....

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