Acting DEA Chief Says Cannabis Review Is Not Dead—Yet—as Successor Looms

The US Drug Enforcement Administration’s rescheduling review process remains active despite recent setbacks, according to a DEA official familiar with the matter.

Acting Administrator Derek Maltz has indicated internally that the agency will continue its reform efforts, telling staff “it’s not my intention to kill rescheduling,” the official said.

Related: Trump’s AG Pick Silent on Federal Cannabis Plans

Selkirk Copper Mines — sponsored Sponsored · Selkirk Copper Mines

The timeline remains unclear after a DEA judge canceled public hearings that were scheduled to run from January 21 through March 6. The judge has established a 90-day period to reassess the situation.

The delay follows procedural issues, with the judge criticizing the agency for not properly following directives in submitting evidence.

Moreover, Maltz will soon be replaced by Terrance Cole, Donald Trump’s pick to lead the agency. Cole is Trump’s second choice for the position after withdrawing Florida Sheriff Chad Chronister from consideration in December.

His career spans both federal and state service. He spent 22 years with the DEA, working as an investigator and holding posts in Oklahoma, Colombia, Afghanistan, and Mexico City. He also served in executive positions at the agency’s Washington headquarters.

Currently Virginia’s top public safety official, Cole leads the state’s Department of Public Safety and Homeland Security, managing 11 agencies and a workforce of approximately 19,000.

His views on drug policy emerged in recent social media activity. Last year, while visiting Virginia’s Cannabis Control Authority, Cole used hashtags suggesting opposition to marijuana distribution, including “#justsayno”.

He later shared research claiming increased potency in seized cannabis, citing a University of Mississippi study showing THC levels rose from 3.4% in 1995 to 15.3% in 2021.

Related: Cannabis Banking Splits Senate Panel as Industry Seeks Relief


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

One Response

  1. Just so no is such a Nancy Reagan out of date and out of touch position on cannabis legalization. Too bad I had to vote for Trump to get rid of idiocracy but unfortunately looks like have sacrificed the freedom to use plant medicine in a supposedly free country

Video Articles

WHICH MINING STOCKS CAN STILL RUN? | Mining Stock Mailbag [Nov. 9-13]

Silver’s Bull Market Isn’t Over | Peter Krauth

Gold Could Fall Further. Here’s What I’m Buying | Rick Rule

Recommended

First Majestic Hits 4.24 g/t Gold Over 48.8 Metres at Saval as Jerritt Canyon Restart Advances

First Majestic Lifts Q3 Revenue 38% to US$394.1 Million on Higher Silver Prices

Related News

Lawmakers Probe DEA Administrator Anne Milgram’s Unprecedented Marijuana Reclassification Decision

Republican Rep. Andrew Clyde has raised serious concerns regarding the Biden administration’s move to reclassify...

Sunday, May 26, 2024, 07:25:00 AM

DEA Pushes Back Against Cannabis Rescheduling

On May 16, the Justice Department formally moved to reclassify marijuana as a less dangerous...

Tuesday, May 21, 2024, 02:07:00 PM

Florida GOP Announces Opposition to Marijuana Legalization Ballot Initiative

The Florida Republican Party officially announced its opposition to a marijuana legalization initiative set to...

Tuesday, May 7, 2024, 07:52:03 AM

Canadian Cannabis Producers Face Severe Financial Distress —Report

Canada’s legal cannabis industry is in a state of severe financial distress, nearly five years...

Monday, March 18, 2024, 11:26:00 AM

Biden Announces Steps to Reclassify Marijuana to Schedule III

US President Joe Biden announced that his administration is taking significant steps to reclassify marijuana...

Friday, May 17, 2024, 12:37:00 PM