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Marijuana Reclassification

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The Biden administration initiates the process to reclassify marijuana as a less dangerous drug, causing cannabis stocks to surge. The Justice Department's proposal to ease restrictions on marijuana is celebrated by the White House, marking a significant shift in U.S. drug policy.

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Right-leaning sources celebrate Biden administration's move to downgrade marijuana classification, emphasizing less dangerous status.

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The White House and the Department of Justice have made a historic move to reclassify marijuana as a less dangerous drug, shifting it from Schedule I to Schedule III. President Biden has described this decision as a major step to relax marijuana restrictions in the United States [1][2][3]. The Drug Enforcement Administration (DEA) has taken concrete steps to implement this change, aiming to categorize marijuana as a Schedule III substance, meaning it has accepted medical uses and low-to-moderate potential for addiction and abuse [4]. The proposal by the U.S. Department of Justice to ease restrictions on marijuana has sparked positive responses, leading to a surge in pot stocks [5].

Attorney General Merrick Garland's formal process to reschedule marijuana and reclassify it as a less risky substance signifies a significant shift in drug policy within the United States [6][7]. The Biden administration's decision to reclassify marijuana as a less harmful drug has been met with approval and seen as a positive step towards recognizing the benefits and potential of cannabis [8][9]. The move by the Department of Justice to reclassify marijuana has been described as a historic and groundbreaking change, highlighting a growing trend towards liberalizing marijuana laws and regulations [10][11][12].

This decision is expected to have broad implications, and the reclassification of marijuana could pave the way for more research and development in the field, as well as potential economic growth [13][14]. With this reclassification, marijuana is now categorized similarly to substances like codeine and anabolic steroids, reflecting a shift in the perception of cannabis in the U.S. [15]. The move to reclassify marijuana as a less dangerous drug marks a significant development in marijuana policy in the United States, indicating a growing acceptance and understanding of the substance [16][17].

Current Stats

Data

Virality Score 6.4
Change in Rank NEW
Thread Age 3 days
Number of Articles 35

Political Leaning

Left 36.8%
Center 42.1%
Right 21.1%

Regional Coverage

US 90.0%
Non-US 10.0%