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    What Rescheduling Could Mean For Cannabis Bankruptcies
    2024-03-27

    More than 75% of the U.S. population lives in states that have legalized cannabis for adult and/or medical use.

    Pursuant to a 2022 directive from President Joe Biden, a 2023 recommendation of the U.S. Department of Health and Human Services, and a scientific review released in January supporting the HHS's recommendation, the U.S. Drug Enforcement Administration is now evaluating whether to reclassify cannabis as a Schedule III drug.

    Filed under:
    USA, Healthcare & Life Sciences, Insolvency & Restructuring, Product Regulation & Liability, Duane Morris LLP, Cannabis, US Department of Justice, US Department of Health and Human Services
    Authors:
    Lawrence J. Kotler , Seth A. Goldberg , Ryan Spengler
    Location:
    USA
    Firm:
    Duane Morris LLP
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