Marijuana: How its reclassification by the DEA could impact Americans

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With U.S. drug regulators proposing to move marijuana into a different category of drugs under federal law, here's what it could mean for Americans, especially for businesses that deal with the substance.

Sources with the Associated Press report on April 30 that the U.S. Drug Enforcement Administration will move to reclassify marijuana.The agency’s move, which was confirmed by five people familiar with the matter who spoke on the condition of anonymity to discuss the sensitive regulatory review, clears the last significant regulatory hurdle before the agency’s biggest policy change in more than 50 years can take effect.Here's what it can mean for everyday Americans.

Even prior to President Biden's call for a review of how marijuana is scheduled, there had been criticisms over the drug-scheduling mechanism, with center-right policy institute American Action Forum stating in 2020 that classifying marijuana as a Schedule I drug has "largely stalled marijuana research" and made it ‘more difficult to understand the consequences of marijuana use and its potential for chronic pain control.

Source: Law Daily Report (lawdailyreport.net)

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