India, April 23 -- Verano Holdings Corp. (VRNO), a multi-state cannabis operator, said its founder and CEO George Archos is celebrating what he called a "historic" announcement confirming that cannabis will be reclassified from Schedule I to Schedule III under the Controlled Substances Act.
Archos thanked President Trump and Attorney General Blanche for their leadership and coordinated efforts in advancing the rescheduling decision.
The company noted that the rescheduling decision marks a major shift for the U.S. cannabis industry, which has long operated under the strictest federal classification despite widespread state-level legalization. Schedule III status is expected to ease research barriers, reduce tax burdens, and expand opportun...