States Collaborate with Federal Regulators in Sharing Cannabis Data for Rescheduling Review

2 min readPublished On: July 14th, 2023By

LOS ANGELES– In a significant development, several states with medical cannabis programs have collaborated with U.S. health regulators to provide crucial data regarding cannabis use and its impact on patients. This information, including details about the specific cannabis products utilized and their effects, has been shared as part of the Biden administration’s review to assess the removal of cannabis from the federal government’s list of controlled substances. This exclusive insight, obtained by MJBizDaily, offers federal researchers a more comprehensive and extensive understanding of cannabis use and its potential medical benefits than what is typically available through peer-reviewed studies.

By sharing this data, state officials aim to influence the ongoing federal review of cannabis’s classification under the Controlled Substances Act. The Act has long posed a formidable obstacle to federal cannabis reform, hindering crucial aspects such as interstate commerce, tax relief, and access to traditional financial services. This review was initiated by President Joe Biden last year, reflecting the administration’s commitment to evaluating the current cannabis regulatory landscape.

The potential ramifications of this review are wide-ranging and significant. If successful, it could lead to a reduction in federal taxes for cannabis companies, improved access to financial services within the traditional banking system, the establishment of legal interstate commerce, and potentially, federal legalization of cannabis. However, it is essential to acknowledge that the final outcome remains uncertain, as the review process is ongoing.

Among the states that have shared their cannabis data with federal health regulators are Illinois, Maryland, Massachusetts, Minnesota, and Utah, as confirmed by officials from these respective markets. This data, provided at the urging of the Cannabis Regulators Association, an organization composed of government officials overseeing state cannabis programs, is expected to be highly influential in shaping the decision-making process.

Jahan Marcu, the scientific adviser to the Coalition for Cannabis Scheduling Reform, emphasized the significance of the shared data, stating, “This is going to be some of the most important data considered.” The inclusion of this real-world information in the review process holds great promise for informing evidence-based policy decisions.

Chris Roberts, a reporter for MJBizDaily, offers readers a rare glimpse into the ongoing rescheduling review, shedding light on a process that has thus far been shrouded in secrecy by federal health officials. Roberts’ article provides valuable insights into the unfolding developments surrounding cannabis regulation, with potential implications for the industry, patients, and stakeholders alike.

About the Author: HCN News Team

The News Team at Highly Capitalized are some of the most experienced writers in cannabis and psychedelics business & finance. We cover capital markets, finance, branding, marketing and everything important in between. Most of all, we follow the money.

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