Cannabis Rescheduling Takes The Next Steps

The Biden administration’s marijuana rescheduling takes the next step

The Department of Justice is moving marijuana rescheduling to the next step. The administration has proposed moving the drug from Schedule I, a strict classification including drugs like heroin, to Schedule III, which is more on the level of Tylenol. It also marks the federal government acknowledgement the plants medical benefits. The industry will watch over the next few months as the process of moving it forward grinds ahead.

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President Joe Biden announced move on his official account on X (formerly known as Twitter.  In a video Biden shared “This is monumental, It’s an important move towards reversing long-standing inequities. … Far too many lives have been upended because of a failed approach to marijuana, and I’m committed to righting those wrongs. You have my word on it.”

Vice President Kamala Harris also released a video Thursday, hailing the progress. It seems she has progressed in her position over the last 5 years.

A key part of the next step is a 60-day comment period. This will allow any and all parties to provide information, opinion, support or random thoughts. Already a group of GOP Senators want to either slow or stop the process. Senator Mitt Romney (R-UT) has started leading an effort to stall the plan if not outright stop it. They are going against the general public opinion with 85%+ believe it should be legal in some form.

The Drug Enforcement Agency is not 100% on board and there are still hurdles to rescheduling. After the comment person, there could be a review from an administrative judge, which could be a drawn-out process.  The total process can take from 3 months to a year, although it is unlikely the issue will not be resolved before the election.

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Considering the stance of the federal government, Senator Mitch McConnell, and certain other opponents, the road is still going to be a bit bumpy.  The industry, in an awkward growth mood, is in need of the government not to be a hindrance.  But only time will tell.