The USDA just descheduled tetrahydrocannabinol (THC)
realmoney.thestreet.com
realmoney.thestreet.com
If Marijuana were a schedule II through RX only drug, the manufacturers could write off their expenses, and it'd be much easier for banks to handle marijuana money.
Seems like quite the legal reach to say that, because the USDA permits it, THC is totally legal. More like I expect we'd get inequal enforcement and conflict and the CSA + DEA will probably win it.
However, pure THC has been descheduled (regardless where it has been derived from?).