NGE attorneys Brian Crump, Alex Dominguez and Peter Miles published an article in Bloomberg Law titled "DEA's Marijuana Rescheduling Move Would Trim Business Penalties." The article discusses how the DEA's proposed reclassification of marijuana from Schedule I to Schedule III could benefit the marijuana industry by reducing civil and criminal penalties and offering tax advantages. However, it would not fully legalize marijuana at the federal level. The team also notes that this change could, despite ongoing regulatory and legal challenges, improve access to banking services for marijuana businesses and potentially drive further legislative reforms.
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