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Cannabis is Being Rescheduled To Over The Counter Status

It's important to recognize that some forms of cannabis products are already available over the counter, particularly in regions with legalized recreational or medical cannabis. These products range from CBD oils and topicals, which are often used for therapeutic purposes, to hemp-derived items that contain minimal THC levels—the psychoactive component in cannabis. The availability of such products over the counter in health food stores, pharmacies, and specialized dispensaries highlights a consumer market that is already familiar with purchasing cannabis-related products without the need for a prescription. This existing market could pave the way for a smoother transition and broader acceptance if cannabis is rescheduled to be more in line with over-the-counter drugs like Tylenol and steroids. This pre-existing consumer behavior could also influence both the market dynamics and the regulatory framework post-rescheduling, potentially leading to increased sales volumes and an expanded range of products available directly to consumers without stringent controls.

Over The Counter Cannabis: Impacts of Rescheduling on Banking and Investment Opportunities