Biden Administration Plans to Recommend Easing Marijuana Restrictions - NYT

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Source: New York Times

The move would kick off a lengthy rule-making process and would amount to a major change in federal policy.

The Justice Department plans to forward a recommendation for easing restrictions on marijuana to the White House in what could amount to a major change in federal policy, according to three people familiar with the matter.

Even though the move, which if approved would kick off a lengthy rule-making process, does not end the criminalization of the drug, it would be a significant shift in how the government views the safety and use of marijuana for medical purposes.
It could also lead to the softening of other laws and regulations that account for the use or possession of cannabis, including sentencing guidelines, banking and access to public housing.

Last year, the Health and Human Services Department recommended to the D.E.A. that marijuana should be a Schedule III drug, which would put it alongside less addictive substances like Tylenol with codeine, ketamine and testosterone, meaning that it would be subject to fewer restrictions on production and research, and that it could be taken with a prescription.
The Associated Press earlier reported the decision.

Read more: https://www.nytimes.com/2024/04/30/us/politics/justice-department-reclassify-marijuana.html

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Schumer has spoken on a banking act to get the regulated cannabis market into the financial system on the normal tax code. Currently the IRS treats cannabusinesses like how drunk right wing politicians describe drugs. The IRS rule for cannabis is insane in that it excludes many normally deductible expenses.

Research is better, type 3 may include some medium risk drugs plus support research into psychedelic therapy.

We are going to be busy this year doing good things while clearly pointing out the Former Guy did not.