Hi, everybody.

Hi, everybody!

It's been, welcome to an all-new great moments in weed history.

We got to start this episode off with some big news, some historic news.

Time is going to tell whether or not this is a great moment in weed history,

but it is certainly one of the most significant moments in

weed history in recent memory. I'm going to read to you from an article published yesterday by

Kyle Yeager at Marijuana Moment, big friends of the podcast, reading from the article, the drug enforcement administration,

yep, the DEA, giving them the finger, boo to them.

But they have made a historic decision to move cannabis from Schedule 1 to Schedule 3 under the Controlled Substances Act.

The decision comes more than 50 years after cannabis was first listed as a strictly prohibited

drug on par with heroin and defined as a substance with no known medical value and a

significant abuse potential.

Let me run those claims down one at a time.

No known medical value. Bullshit. Ask anybody who has taken a couple of puffs to get through chemo. Never mind the laundry list of elements where cannabis is a proven safe and effective medicine.

And a significant abuse potential alongside heroin in Schedule 1 is beyond laughable. It is not comedy. It has always been a tragedy.

And that classification is not comedy. It has always been a tragedy. And that classification is finally going to come to an end. Back to the article, moving cannabis to Schedule 3, as first recommended by the U.S. Department of Health and Human Services after the Biden administration called for this review.

That is going to mean, among other things, that cannabis companies can finally start taking federal tax deductions that have been previously banned by the IRS.

And more significantly, this is going to eliminate barriers to researching the medical

benefits of cannabis that have been in place due to its schedule one status.

The DEA's decision means that it has generally accepted the findings from a nearly year-long scientific review into cannabis that found cannabis has, quote, a currently accepted medical use in treatment in the United States and has, quote, a potential for abuse less than the drugs or other substances in schedules one or two.

Now, what this actually means for cannabis, for consumers, for the industry, for medical

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