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DUTCHIE CELEBRATES HISTORIC CANNABIS RECLASSIFICATION FROM SCHEDULE I TO SCHEDULE III
The reclassification removes the 280E tax penalty, potentially benefiting 425,000 U.S. cannabis workers and enabling FDA and DEA regulation under a pharmaceutical framework.
- Yesterday, HYTN Innovations Inc. acknowledged the U.S. administration issued an executive order to start Schedule III reclassification, and CEO Elliot McKerr said the company welcomes the development.
- A Schedule III designation would align cannabis with acetaminophen with codeine and testosterone, reflecting accepted medical use while maintaining regulation by the U.S. Food and Drug Administration and Drug Enforcement Administration.
- HYTN Innovations Inc. says it maintains a GMP platform, holds a Health Canada Drug Establishment Licence, a Certificate of GMP Conformity for the U.S., and exports to the United Kingdom, Germany, and Australia.
- Ending the 280E tax penalty would empower 425,000 people working in the U.S. cannabis industry and enable broader support from U.S. financial and banking institutions, Dutchie said.
- HYTN says its GMP capabilities position it to assess opportunities, but it warned the executive order may be delayed or limit operations in U.S. markets under the federal regulatory process.
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DUTCHIE CELEBRATES HISTORIC CANNABIS RECLASSIFICATION FROM SCHEDULE I TO SCHEDULE III
BOSTON, Dec. 18, 2025 /PRNewswire/ -- Dutchie, a leading cannabis technology software platform powering over 6,5000 cannabis businesses throughout the U.S. and Canada, commends today's historic executive order expediting the reclassification of cannabis from a Schedule I controlled substance to…
The Chinese producers in the United States are approaching a major change in how they are treated by the U.S. tax system. The Drug Control Administration (DEA) announced that it is starting the process of reclassifying marijuana from Schedule I in Schedule III, which could radically transform the financial situation of the industry. This movement comes [...]
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Total News Sources40
Leaning Left5Leaning Right7Center14Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 19%
C 54%
R 27%
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