NJCBA STATEMENT ON HHS RECOMMENDATION TO MOVE CANNABIS FROM SCHEDULE I TO SCHEDULE III

Trenton — New Jersey CannaBusiness Association President Scott Rudder issued the following statement today regarding the Federal Department of Health and Human Services recommending that the Drug Enforcement Agency move cannabis from Schedule I to Schedule III.

“The idea that cannabis would remain a Schedule I drug despite all the information and knowledge we currently possess would be pure insanity. To equate it with hardcore drugs that have devastated communities is and will always be nonsense. So, this does represent progress and a step in the right direction. Still, by keeping cannabis on the schedule at all we are leaving room for bad faith actors to manipulate and utilize the cannabis market to their benefit. Our ultimate goal should remain descheduling, full legalization and a thriving cannabis market that allows individuals to flourish without unnecessary intrusion.”

About The New Jersey CannaBusiness Association

The NJCBA’s mission is to promote jobs and growth in a sustainable and responsible cannabis industry. Starting with the pioneers in the medical cannabis market to the emerging players in the adult-use space, the NJCBA’s focus is to make certain that decision-makers and regulators understand and respect the needs of the CannaBusiness community and that our community remain responsible corporate citizens.