Feds Reclassify Medical Marijuana, Opening Doors for Texas

0:00The feds just dropped a big change on medical marijuana. The drug enforcement agency moved FDA-approved products from schedule 1 to schedule 3, putting them alongside stuff like ketamine. This means lower risk for dependence compared to heavy hitters like cocaine. The shift kicked off in late 2022 under President Biden, then got fast-tracked by President Trump's executive order last December. Recreational weeds stay stuck in schedule 1, fully illegal federally. This cannabis leaders are hyped, calling it federal legitimation after years of state-only handshakes. Their compassionate use program has run strict ops since 2015, tracking every plant. Now the real game changer hits the wallet. No more IRS code, 280E blocking deductions for rent or payroll, so operators like Goodblin can cut costs and pass savings to patients. Credit cards might work too, though banks could still play cautious. Meanwhile, a hearing on June 29th I's Recreational Reclassification, building steam from this

1:01medical win, I's wide open as policy evolves, local news powered by AI. This is El Paso News Today.