Brian Vicente, founding partner of influential Colorado law firm Vicente LLP, calls the suddenfederal move to move medical cannabis to Schedule III“the biggest thing to happen in federal cannabis policy in decades.”

In thisCannabis Business TimesIn the interview, Vicente breaks down three immediate consequences:

● potential section 280E tax relief for medical cannabis operators

● new DEA registration process for healthcare businesses

● and an expedited administrative hearing that could open the door to broader adult-use reform.

Vicente and his firm have worked on legalization policy in Colorado for decades and helped draft memos on the United Nations Single Convention on Narcotic Drugs, the international drug treaty that is at the heart of the Justice Department’s recent action.

He says state medical cannabis programs have been instrumental in providing federal officials with a basis for recognizing existing controls. He also sees major unsolved questions for states with hybrid medical and adult-use licenses, such as California, Maryland and Oregon, where businesses may need to determine how much of their operations qualifies as medical.

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