President Joe Biden made a public announcement on Thursday, expressing his support for reclassifying marijuana as a less harmful drug. He emphasized that his administration has taken major steps towards this groundbreaking change.
According to AP News, the Justice Department has recently submitted a 92-page rulemaking notice regarding the reclassification of marijuana. This move would involve shifting it from a Schedule I to a Schedule III drug under the Controlled Substances Act.
This notice's submission marks the beginning of a 60-day period during which the public can provide comments before a final rule is published and adopted.
Biden Administration Formally Proposes to Reclassify Marijuana
"This is monumental," Biden remarked, emphasizing the reclassification of marijuana as a significant milestone in addressing longstanding disparities.
The proposed reclassification could also serve as a political boon for Biden's presidential campaign, potentially bolstering support among younger demographics.
Following a thorough review, the proposal opens a 60-day public comment period. While the DEA has not yet formed its decision, the proposed rule is based on data indicating that marijuana's potential for abuse is more in line with Schedule III substances.
Drug Policy Reform
Despite the rescheduling, marijuana will remain a controlled substance subject to regulations and federal prosecution for trafficking.
The reclassification could have far-reaching implications, potentially easing federal regulations and imposing tax cuts on marijuana businesses. Furthermore, it may facilitate research efforts, as marijuana's current Schedule I classification has hindered authorized clinical studies.
Today, 38 states have legalized medical marijuana, and 24 are allowing recreational use.
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