By Published On: April 30, 2024Categories: Member Blog

Trenton — New Jersey CannaBusiness Association President Scott Rudder issued the following statement today regarding the Federal Drug Enforcement Administration agreeing to reclassify cannabis from a Schedule I to Schedule III substance:

“This is long overdue and represents giant progress in the industry. The equation of cannabis with hardcore drugs that have devasted lives and communities was always pure nonsense. This is great news for patients and for businesses that have struggled to avail themselves of the same financial opportunities as other lawful, government-sanctioned industries. That said, leaving cannabis on the schedule at all still leaves room for bad faith actors to manipulate and utilize the cannabis market to their benefit. We should continue to push for full descheduling of cannabis while remaining vigilant in preventing anyone from taking unfair advantage of the new rules.”

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.

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