Cannabis Industry Quarterly Update: Q3-Q4 2024

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Historic DEA marijuana rescheduling hearing opens, paused until mid-January -

Historic hearings to reconsider marijuana's federal status will start mid-January, as announced by U.S. DEA Judge John Mulrooney II. The focus will be on whether to reclassify marijuana from Schedule 1 to Schedule 3, impacting the $32 billion U.S. cannabis industry. Hearings will run from Tuesday to Thursday until a decision is reached. A ruling is not expected before February. The process will involve strict evidence and testimony guidelines, and additional filings are due December 13 and January 3. Mulrooney emphasized the hearings are not to debate marijuana’s benefits but to address specific legal and medical issues.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations. Attorney Advertising.

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