Final answer:
Schedule III drugs do have an accepted medical use and are subject to abuse which can lead to moderate or low physical dependence or high psychological dependence.
Step-by-step explanation:
The statement is false. Scheduled III drugs do have an accepted medical use and treatment in the United States. According to the Drug Enforcement Administration (DEA), a Schedule III substance is a drug or other substance that has a potential for abuse less than the drugs or other substances in schedules I and II, and has a currently accepted medical use in treatment in the United States. Abuse of Schedule III substances may lead to moderate or low physical dependence or high psychological dependence. Examples of Schedule III substances include anabolic steroids, testosterone, and certain preparations that contain codeine.