DEA Reschedules CBD Medication to Schedule 5
The Drug Enforcement Administration announced the rescheduling today of Epidiolex, the first FDA-approved medication derived from the cannabis plant, from Schedule 1 to Schedule 5 under the Controlled Substances Act, CNBC reports.
The move paves the way for United Kingdom-based GW Pharmaceuticals, who manufactures Epixiolex, to begin distributing its new CBD epilepsy medication throughout the U.S.
Specifically, the rescheduling applies to CBD that exists in FDA-approved medications; it does not broadly apply to the CBD cannabinoid in all of its forms.
Shares in GW Pharmaceuticals rose 7 percent following news of Epidiolex’s rescheduling.
Epidiolex — an oral solution containing isolated, purified CBD — was approved by the FDA in June. A report in August determined that patients taking Epixiolex can expect to spend about $32,000 per year on the medication.
Early responses to Epidiolex have been positive, and research continues to point to CBD as a largely untapped medicinal resource.