The Evolving Landscape of Merchant Processing and Cannabis Sales
After much anticipation and comments from some Senators, on May 16, 2024, the United States Department of Justice (the “DOJ”) began formal proceedings to reschedule marijuana as a less dangerous drug, and on May 21, 2024, the DOJ published a notice of proposed rule-making (“NPRM”) to reschedule marijuana (cannabis) from a Schedule I controlled substance to a Schedule III.