Tuesday, November 18, 2014 7:58:51 AM
TAMPA, Fla.--(BUSINESS WIRE)--November 18, 2014--
A federal hearing underway in California challenging cannabis' Schedule I DEA classification could lead to the current nationwide ban being declared unconstitutional, which would expand the consumer base for companies like Neutra Corp. (OTCBB:NTRR) that offer ancillary products to the marketplace.
Last month, a U.S. district judge in Sacramento granted the three-day examination into cannabis' Schedule I DEA classification, which has classified the herb as a dangerous, illegal drug for more than 40 years. Stanford law professor Robert MacCoun told The Christian Science Monitor, "If we were starting from scratch, I very much doubt we'd put marijuana in Schedule I. But now that it's there, it isn't easy to move out." The hearing has been granted because the legal counsel for two men charged with cultivating cannabis submitted expert accounts showing new scientific and medical evidence they say proves that the herb does not fit the criteria of a Schedule I drug. If the court agrees, cannabis' Schedule I status could be ruled unconstitutional.
Last week, the district court directed the prosecution and defense in U.S. vs. Schweder to file simultaneous briefs on the constitutionality of cannabis being classified as a Schedule I controlled substance by December 17.
Investors will be taking a positive look at TRTC before the December holidays, knowing full well the judge cannot rule but in favor of decriminalization.
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