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What Marijuana Reclassification Means For The United States

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AP - VOR News Image

Washington — The United States Narcotic Enforcement Administration is considering reclassifying marijuana as a less harmful narcotic. The Justice Department’s proposal would recognize cannabis’ medical purposes but not legalize it for recreational use.

The proposal would shift marijuana from the “Schedule I” category to the less stringent “Schedule III.”

So, what does this mean, and what are the implications?

Technically, nothing has happened. The White House Office of Management and Budget must first examine the idea, followed by a public comment period and an administrative judge’s assessment, which could be a lengthy process.

Nonetheless, the change is considered “paradigm-shifting, and it’s very exciting,” Vince Sliwoski, a Portland, Oregon-based cannabis and psychedelics attorney who runs well-known legal blogs on those topics, told The Associated Press when the federal Health and Human Services Department recommended it.

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What Marijuana Reclassification Means For The United States

“I can’t emphasize enough how big of news it is,” he said.

It came after President Joe Biden last year requested that HHS and the attorney general, who controls the DEA, investigate how marijuana was classified. Schedule I legalized it alongside heroin, LSD, quaaludes, and ecstasy, among other substances.

Biden, a Democrat, is in favor of legalizing medical marijuana “where appropriate, consistent with medical and scientific evidence,” White House press secretary Karine Jean-Pierre said on Thursday. “That is why it is important for this independent review to go through.”

No. Schedule III medicines, such as ketamine, anabolic steroids, and several acetaminophen-codeine combos, are still considered controlled narcotics.

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AP – VOR News Image

What Marijuana Reclassification Means For The United States

They are subject to a variety of restrictions that allow for some medical usage as well as federal criminal punishment of anyone who traffics in the medications illegally.

Medical marijuana programs, which are already regulated in 38 states, and legal recreational cannabis markets in 23 states are expected to remain unchanged, but they are unlikely to meet federal production, record-keeping, prescribing, and other Schedule III drug criteria.

There haven’t been many federal prosecutions for simply possessing marijuana in recent years, even with marijuana’s existing Schedule I designation, but reclassification would have no immediate impact on those currently in the criminal justice system.

“Put simply, this shift from Schedule I to Schedule III is not keeping people out of jail,” said David Culver, senior vice president of public relations of the United States Cannabis Council.

However, rescheduling would have an impact, especially on research and marijuana business taxes.

Because marijuana is classified as a Schedule I substance, it has been extremely difficult to undertake permitted clinical trials involving its administration. This has produced a Catch-22 situation: there is a need for further study, but there are hurdles to doing so. (Sometimes, scientists rely on people’s claims of marijuana use.)

Schedule III medications are easier to study, although reclassification would take time to remove all hurdles to research.

“It’s going to be really confusing for a long time,” says Ziva Cooper, director of the University of California, Los Angeles Center for Cannabis and Cannabinoids. “When the dust has settled, I don’t know how many years from now, research will be easier.”

Among the unknowns include whether academics will be permitted to study marijuana from state-licensed shops and how the federal Food and Drug Administration would regulate this.

Some researchers remain optimistic.

“Reducing the schedule to schedule 3 will allow us to conduct research with human subjects using cannabis,” said Susan Ferguson, director of the University of Washington’s Addictions, Drug, and Alcohol Institute in Seattle.

Firms involved in “trafficking” marijuana or any other Schedule I or II substance are not allowed to deduct rent, payroll, or other expenses that other firms can. (Yes, despite the federal government’s prohibition on marijuana, at least some cannabis firms, particularly those permitted by states, pay federal taxes.) According to industry associations, tax rates frequently reach 70% or more.

The deduction regulation does not apply to Schedule III medications, so the proposed amendment would significantly reduce cannabis companies’ taxes.

They claim it would treat them like other industries and let them compete with unlawful competitors that frustrate licensees and officials in locations like New York.

“You’re going to make these state-legal programs stronger,” says Adam Goers, an executive at Columbia Care, a medicinal and recreational cannabis provider. He co-chairs a group of corporate and other stakeholders advocating for rescheduling.

According to Beau Kilmer, co-director of the RAND Drug Policy Center, deducting those expenditures could result in greater cannabis marketing and advertising.

Rescheduling would have no direct impact on another marijuana business issue: limited access to banks, particularly for loans, due to federally regulated institutions’ concerns about the drug’s legal status. Instead, the sector has focused on the SAFE Banking Act. It has frequently passed the House but is stuck in the Senate.

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AP – VOR News Image

What Marijuana Reclassification Means For The United States

Yes, there are, notably the national anti-legalization organization Smart Approaches to Marijuana. President Kevin Sabet, a former Obama administration drug policy official, said the HHS suggestion “flies in the face of science, reeks of politics” and gives a disappointing nod to an industry “desperately looking for legitimacy.”

Some legalization supporters argue that rescheduling marijuana is too modest. They want to keep the focus on totally removing it from the controlled substances list, which does not include alcohol or tobacco (although they are regulated).

According to Paul Armentano, deputy director of the National Organization for the Reform of Marijuana Laws, simply reclassifying marijuana would be “perpetuating the existing divide between state and federal marijuana policies.” According to Kaliko Castille, President of the Minority Cannabis Business Association, rescheduling simply “re-brands prohibition,” rather than giving state licensees the green light and bringing an end to decades of arrests that disproportionately affected people of color.

“Schedule III is going to leave it in this kind of amorphous, mucky middle where people are not going to understand the danger of it still being federally illegal,” the senator stated.

Peltz reported from New York. Associated Press writers Colleen Long in Washington and Carla K. Johnson in Seattle contributed to this story.

SOURCE – (AP)

Kiara Grace is a staff writer at VORNews, a reputable online publication. Her writing focuses on technology trends, particularly in the realm of consumer electronics and software. With a keen eye for detail and a knack for breaking down complex topics, Kiara delivers insightful analyses that resonate with tech enthusiasts and casual readers alike. Her articles strike a balance between in-depth coverage and accessibility, making them a go-to resource for anyone seeking to stay informed about the latest innovations shaping our digital world.

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Their Nissan SUV Was Parked In The Driveway. Then It Caught Fire And Exploded

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Nissan | CNN Image

Vicki Hill was awakened early on May 14 by explosions outside her Bethesda, Maryland, house. Later, she discovered that the 2015 Nissan Murano family SUV’s airbags were to blame for the loud bangs. It was on fire.

“I thought someone was trying to get into our house with a sledgehammer and I woke my husband up and I said something’s wrong,” she stated on CNN. “And he ran downstairs and shouted up, ‘Call 911, the car’s on fire!'”

The family gave CNN a video from their home’s doorbell camera, which shows smoke before the fire bursts and engulfs the automobile.

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Nissan | Houston Press Image

Their Nissan SUV Was Parked In The Driveway. Then It Caught Fire And Exploded

The cause of the fire in the Murano is unknown. Nissan is investigating the fire, and the National Highway Traffic Administration is also gathering information.

“The safety and security of our customers is our primary concern,” a Nissan spokeswoman stated in response to an email inquiry about the fire. “We have opened an investigation into this incident.”

Nissan recalled the Hills’ Murano in 2016 and 2019 to address a fault that may cause brake fluid to leak and create a fire even when the vehicle was parked. Owners were instructed to park their vehicles outside and away from buildings until the problem was resolved due to fire hazards.

A search on the NHTSA’s website revealed an outstanding unrepaired recall on the Hills’ Murano. According to the couple, a local fire investigator concluded that the unrepaired recall may have caused the fire. But the Hills recall having the service done and provided CNN with a snapshot of a receipt from a nearby Nissan dealership proving the repair was completed. CNN has not validated the receipt’s authenticity.

The Hills stated that because the recall work had been completed, they did not consider the potential of a fire.

Philip Hill had been working on the garage, so the couple’s two automobiles were parked in the driveway. Otherwise, the Murano would have been parked in the garage beside the home.

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Nissan | DLJ Image

Their Nissan SUV Was Parked In The Driveway. Then It Caught Fire And Exploded

“As you can see from the video, that vehicle is so close to the house,” Philip Hill explained to CNN. “Minutes later, the house could have gone up.”

According to reports, the garage door melted due to the fire. The Hills credit a neighbor’s dog for saving them and their three children. After being alerted by her dog, the neighbor called 911 before the Hills arrived

The powerful flames from the burning Nissan also destroyed the side of the family’s other vehicle, a 2012 Mercedes C-class, rendering it useless.

Initially, the Hills were frightened that they had been victims of vandalism. However, they stated that the video evidence from their Nest doorbell camera clearly showed the truck suddenly combusting.

nissan

Nissan | Houston

Their Nissan SUV Was Parked In The Driveway. Then It Caught Fire And Exploded

According to Hills, Nissan seized possession of the Murano on Wednesday to conduct a more thorough inspection.

Vehicle fires are not uncommon, as shocking as the Hills’ circumstance appears to be. According to the National Fire Protection Association, there will be approximately 188,500 automobile and truck fires in the United States in 2022, an average of more than 500 daily. According to the National Fire Protection Association, vehicle fires killed 610 civilians that year.

SOURCE – (CNN)

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U.S. Stock Markets Closed for Memorial Day on May 27

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U.S. Stock Markets Closed for Memorial Day on May 27

(CTN News) – The U.S. stock market will be closed on Monday, May 27, for Memorial Day.

The Nasdaq and New York Stock Exchange will be closed on Monday and reopened on Tuesday, May 28. According to the Securities Industry and Financial Markets Association, the U.S. bond market will close at 2 p.m. ET on Friday, May 24.

Memorial Day is one of numerous holidays in the United States commemorates and honors the military. Originally known as “Decoration Day,” it was established in the 1860s to honor those who died while serving in the military.

After Memorial Day, Wall Street will resume regular operations until mid-June. The next scheduled stock market closure is on Wednesday, June 19th, in honor of Juneteenth.

United States stock market 2024 holiday schedule

Markets will be closed for the following holidays:

  • Memorial Day: Monday, May 27
  • Juneteenth: Wednesday, June 19
  • Independence Day: Thursday, July 4 (markets also close at 1 p.m. ET on July 3)
  • Labor Day: Monday, Sept. 2
  • Thanksgiving: Thursday, Nov. 28 (markets also close at 1 p.m. ET on Nov. 29)
  • Christmas: Wednesday, Dec. 25

Memorial Day Traditions

Historically, Memorial Day has served as the unofficial start of summer. Thousands of students have the day off from school, and office workers enjoy a long weekend. As well as honoring fallen military heroes, it is a time for gatherings, barbecues, and outdoor activities.

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Boeing’s 1st Astronaut Flight Now Set For June After A Review Of Small Leak On New Capsule

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Boeing | AP News Image

CAPE CANAVERAL, Florida – Boeing is now aiming for its first human launch in early June, having spent the previous two weeks dealing with further issues with the space capsule.

Despite a propulsion system leak, officials from Boeing and NASA have assured that the Starliner spacecraft is equipped to safely transport two test pilots to the International Space Station. The minor helium leak, identified following the initial launch attempt on May 6, was promptly addressed and resolved, demonstrating the commitment to safety.

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Boeing | Medium Image

Boeing’s 1st Astronaut Flight Now Set For June After A Review Of Small Leak On New Capsule

Engineers suspect a faulty rubber seal the size of a shirt button and claim that even if the leak grows, it can be fixed in flight. According to NASA’s commercial crew program manager, Steve Stich, all of the capsule’s other seals checked out, prompting officials to set the launch date for June 1.

This will be Starliner’s third test flight. Demos in 2019 and 2022 had no one on board. Boeing was forced to repeat the empty trip the first time due to software and other issues.

If not for the Atlas V rocket’s faulty valve, which halted the first countdown, Starliner would have launched from Cape Canaveral earlier this month, with the leak discovered in orbit, according to Stich. Officials said that flight controllers would have handled the leak, and the astronauts would have been safe. Helium is utilized to pressurize the fuel lines of the propulsion system, which moves the capsule in flight.

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Boeing | Washington Times Image

Boeing’s 1st Astronaut Flight Now Set For June After A Review Of Small Leak On New Capsule

Engineers now know where the leak is, which, according to Boeing program manager Mark Nappi, will help them improve the system in the future.

“Remember that this is a test flight. “We are still learning,” Nappi told reporters.

According to Stich, the discovery of the Starliner leak revealed yet another issue — “a design vulnerability” in the propulsion system in the improbable scenario of a series of failures. He said that the crew had devised workaround measures to safely remove the capsule from orbit at the end of the trip if such issues emerged.

“We’re not going to fly until we’re sure we’re safe,” NASA Associate Administrator Jim Free stated.

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Boeing | CTV News Image

Boeing’s first astronaut flight is now scheduled for June following a review of a minor leak in the new capsule.

Boeing’s Starliner capsule has already been years late carrying passengers to the International Space Station for NASA. SpaceX has launched crews since 2020. NASA wants both companies to provide taxi service to support each other.

SOURCE – (AP)

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