Final answer:
A licensee, such as a physician or pharmacist, may prescribe, dispense, or administer schedule III controlled substances under certain circumstances, such as managing severe pain in patients.
Step-by-step explanation:
A licensee, such as a physician or pharmacist, may prescribe, dispense, or administer schedule III controlled substances under certain circumstances. These circumstances typically involve the treatment of medical conditions that require the use of such medications. For example, schedule III controlled substances like oxycodone and morphine may be prescribed to manage severe pain in patients who have undergone surgery or have chronic pain conditions.
It's important to note that the prescribing, dispensing, and administration of schedule III controlled substances must comply with all relevant federal and state laws and regulations. The licensee must also exercise professional judgment and ensure appropriate documentation and monitoring of the patient's response to the medication.