Marijuana rescheduling could mean millions for Maryland businesses: ‘Profitability vs. bankruptcy’

Marijuana rescheduling could mean millions for Maryland businesses: ‘Profitability vs. bankruptcy’

The long-running process of changing marijuana from the most harmful classification, Schedule I, to the less restrictive Schedule III is taking place in Washington, D.C., and millions of dollars hang in the balance for cannabis business owners in Maryland. Chief Administrative Law Judge John Mulrooney started what could be a years-long process in December at the request of the U.S. Drug Enforcement Administration before granting an appeal that p…