Rescheduling cannabis from a schedule one drug to a schedule three drug was top of mind for former Sen. Ed Perlmutter, who spoke exclusively to Benzinga at its Cannabis Capital Conference in late September.
The former senator, who has been an influential figure in the cannabis industry, said that while the Health and Human Services Department recommended the Drug Enforcement Administration reschedule cannabis, the responsibility now lies with the DEA.
A potential rescheduling comes at a pivotal time as the Senate Banking Committee passed the long-delayed banking bill related to the cannabis industry, now slated for the Senate floor and subsequently the House.
Perlmutter told Benzinga he was optimistic about its passage, noting, "We still think ...