(a) The board shall recommend placement of a substance in schedule III under this chapter if it finds that:

1. (1) the substance has a potential for abuse less than the substances listed in schedule I and II under this chapter;
2. (2) the substance has currently accepted medical use in treatment in the United States; and
3. (3) abuse of the substance may lead to moderate or low physical dependence or high psychological dependence.

(b) The board may recommend placement of a substance in schedule III under this chapter if it finds that the substance is classified as a controlled substance in schedule III under federal law.

As added by Acts 1976, P.L.148, SEC.7. Amended by P.L.200-1987, SEC.9.