The Cannabis Boomer Podcast is for baby boomers and all adults who are interested in the science of cannabis. Key words for the podcast in general are: baby boomers, cannabis, boomers, marijuana, THC, CBD, health, wellness, science, and aging.

For this particular episode, key words are: marijuana rescheduling, marijuana descheduling, cannabis law, and cannabis business law.

Cannabis legal expert Janet Jackim discusses the potential implications of rescheduling cannabis from a Schedule One to a Schedule Three controlled substance. While rescheduling could increase profits for cannabis businesses by allowing tax deductions, it could also lead to increased regulation and restrictions for consumers. The process of rescheduling is complex and involves various governmental agencies, making the future of cannabis legalization uncertain.

Rescheduling cannabis to Schedule Three would require human and animal testing, potentially impacting medical patients and existing state programs. Descheduling would eliminate federal prosecution but likely maintain laws against trafficking and cartel activity. While rescheduling could boost research and industry partnerships, it might also lead to overproduction, price compression, and business closures, favoring consolidation and specialized businesses.

To contact Jane Jackim email her at jjackim@fennemore.com.