Marijuana Reclassified as Schedule Three Drug Allows for Research and Better Banking for Local Cannabis Stores

Some changes are coming for cannabis classification on the federal level. Federal changes to the scheduling of marijuana will affect people right here in Alpena. ” They are rescheduling cannabis from a schedule one, meaning there is absolutely no health benefit to this whatsoever, to a schedule three, which there is studied and researched health benefits,” said Neighborhood Provisions Owner, Kevin Currier.

Many have wondered for decades why marijuana is classified with drugs like methamphetamine, cocaine and fentanyl. “Why it was ever a schedule one to begin with we’re not quite sure. We’re hoping this will change the stigma of it, that this will show that there is benefit to it, that there is research will need that we have,” said Currier. The marijuana industry brings a lot of revenue to Alpena. “It will be easier accepting credit cards debit cards, banking as banking is impossible for us right now. As cannabis businesses, you have to find special banks in Michigan and Alpena,” Currier said.