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92+% of comments to the DEA favor rescheduling

Plus, Thailand’s cannabis U-turn

Wednesday, July 24, 2024

Good morning.

Today, we take a look at the final tally for the DEA’s comment period on rescheduling, and break down Thailand’s snip-snap on legalization. 

-JB & JR

This newsletter is 743-words or about a 5-minute read.

💡What’s the big deal?

RESCHEDULING
Analysis finds that over 92% of comments favored rescheduling

Driving the news: Yesterday, the Drug Enforcement Administration’s comment period for the proposed rule to move cannabis from the most restrictive Schedule I to the far less restrictive Schedule III closed.

We wrote that there were 36,000 comments before we set yesterday’s newsletter live. In the late afternoon and evening, another 6,000 comments came flooding in — the vast majority of them in favor of the move. 

What happened: A new analysis of the submitted comments for rescheduling found that over 92% of comments were either in favor of moving cannabis to the less restrictive Schedule III or removing cannabis from the list of controlled substances entirely, according to an analysis from Headset, a cannabis industry analytics company. 

Only around 8% supported the status quo — keeping cannabis as a Schedule I controlled drug. 

Why it matters: The groups that submitted comments range from cannabis trade associations, anti legalization groups, to private citizens either for or against cannabis reform. 

They represent the full gamut of opinions on the rescheduling process. Some say that rescheduling doesn’t go far enough, and is an incremental step that will only benefit the industry — not the communities most affected by cannabis prohibition. 

Others, including a statement from a group of former cannabis regulators, discussed the continued problems arising from the state and federal conflict on cannabis law, which rescheduling doesn’t fix — and how that poses a challenge for effective regulation. 

On the opposition side, a statement from eleven state attorneys general — mostly Republican-controlled states but some, including Montana, with regulated cannabis sales — discussed their view that the DEA’s move to reschedule cannabis would be unlawful

Yet other comments pushed the DEA to go further and remove cannabis entirely from the list of federally controlled substances and regulate the drug like alcohol or tobacco. 

What’s next? The DEA now has to comb through the comments and substantively respond. That process could take weeks-to-months, given the volume of comments. 

-JB

👊 Quick hits

Dallas votes on decriminalization 🤠

Advocates in Dallas, Texas collected enough signatures to put decriminalization on the ballot in November, officials said. The advocates turned in nearly 50,000 signatures — and if passed, Dallas residents would be able to possess up to four ounces of cannabis. Read more.

Thailand’s U-turn 🚗

Thailand’s ruling party has agreed to work to effectively regulate cannabis sales rather than put the genie back in the bottle. The country decriminalized cannabis in 2022, but failed to implement an appropriate regulatory framework. The new ruling party wanted to “recriminalize” cannabis use — but that’s now off the table given political pushback. Read more

🔬 Science & research

The American College of Physicians called for the decriminalization of cannabis possession in the journal Annals of Internal Medicine. The group called for a “public health” approach to regulating cannabis in legal jurisdictions. Read more

🚛 People moves

Kaitlin Domangue, formerly of Benzinga, is joining cannabis tech company Flowhub as Content Marketing Manager, she posted on LinkedIn

😆 One fun thing

Commentator Jemele Hill posted a video on Instagram debunking claims that presumptive Democratic nominee Kamala Harris’ record as a prosecutor was based on jailing Black men for cannabis use. 

📊 Earnings roundup

Quebec cannabis firm Cannara Biotech reported $2.0 million (CAD) in net income on $19.5 million in revenue, up from $15.9 million in the same quarter last year.

📰 What we’re reading

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