DENVER — Following The Associated Press report that the DEA will move to reclassify marijuana from a Schedule I drug to a Schedule III drug, certain concerns have arisen in Colorado about what the change could mean.
The proposal would not federally legalize marijuana.
Austin Martinson is the owner of Karmaceuticals, which prides itself on being a small business.
“It’s kind of, one of the best things that could have happened, is making it a Schedule III because that makes it a little bit easier. It may not open up banking, it might open up banking, we’ll see if the SAFER Banking Act actually passes,” said Martinson.
However, Martinson is concerned the reclassification would open up the cannabis industry to large corporations.
“It’s just going to be sad if we see another industry turn into the Big Five, corporate giant takeover. Whereas this one, we’ve still got, almost everyone’s local and small. Almost every owner is local and small in cannabis in every state, which is a beautiful thing. So I guess, we’ll see how it goes. It’s too early to tell right now,” said Martinson.
Marijuana
Proposal to reclassify marijuana met with excitement, questions and hope in
