DEA Warns Pharmacies Selling Medical Marijuana In Georgia That THC Oil Is Illegal To Dispense
Portfolio Pulse from Nina Zdinjak
The DEA has issued warnings to pharmacies in Georgia that dispensing medical marijuana, specifically THC oil, violates federal law. Despite the Georgia Board of Pharmacy's recent allowance for independent pharmacies to dispense THC oils, the DEA's memo clarifies that marijuana and THC are Schedule 1 controlled substances and cannot be lawfully handled by DEA-registered pharmacies. SAM, an organization opposing marijuana legalization, praised the DEA's stance. Meanwhile, the federal government's position on marijuana may be shifting, as Health and Human Services recommended reclassifying marijuana to a Schedule III Substance. Four companies recently received provisional licenses to produce low-THC oil in Georgia, joining the two existing licensed producers, including Trulieve Cannabis Corp (OTCQX:TCNNF).

December 07, 2023 | 2:20 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Trulieve Cannabis Corp, a licensed producer of medical marijuana in Georgia, may face challenges due to the DEA's warning against dispensing THC oil, which could impact the company's operations in the state.
Trulieve Cannabis Corp is directly mentioned as one of the licensed producers in Georgia. The DEA's warning creates a legal conflict that could lead to operational disruptions or increased scrutiny for the company. This could negatively impact investor sentiment and the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80