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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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 72 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%

Recent Coverage

Cannabis stocks rally after DOJ proposal to reclassify marijuana

marketscreenercom - 72 days ago - Cannabis stocks including Tilray, Curaleaf, and the AdvisorShares Pure US Cannabis ETF rallied on Thursday after the U.S. Department of Justice unveiled a historic proposal to ease restrictions on...

Biden administration begins formal rulemaking process to downgrade marijuana to less dangerous drug

Fox News - 72 days ago - The Justice Department announced that the attorney general under the Biden administration filed to have the process started of downgrading marijuana to a less dangerous drug.

Marijuana Reclassification Bid Sends Cannabis Stocks Soaring

Forbes - 72 days ago - The Department of Justice said it will move to reclassify marijuana after over 50 years as a Schedule 1 drug.

White House celebrates DOJ measure to reclassify marijuana: ‘Right historical wrongs’

Washington Examiner - 72 days ago - The White House Thursday praised the Justice Department's step toward reclassifying marijuana from a Schedule I drug to Schedule III under federal law as a way to counter racial injustice.

U.S. makes formal move to ease marijuana rules. What happens next?

Global News - 72 days ago - A proposed rule sent to the federal register recognizes the medical uses of cannabis and acknowledges it has less potential for abuse than some of the U.S. most dangerous drugs.

President Biden hails 'monumental' step toward easing federal rules on marijuana

USA Today - 72 days ago - President Biden endorsed reclassifying marijuana as a less dangerous drug as he hailed his administration taking a "major step" toward the move.

DEA Moves To Reclassify Marijuana as a Schedule III Drug

Reason - 72 days ago - For over 50 years, marijuana has been in the same category of controlled substances as heroin and LSD. The DEA is finally proposing to end that ludicrous policy.

Pot stocks rise as US unveils proposal to ease restrictions on marijuana

marketscreenercom - 72 days ago - Shares of cannabis companies rose on Thursday afternoon after the U.S. Department of Justice unveiled a proposal to ease restrictions on marijuana, a rule if enacted would also enable more research on...

Justice Department formally moves to reclassify marijuana

Los Angeles Times - 72 days ago - In a historic shift in generations of U.S. drug policy, the Justice Department has formally moved to reclassify marijuana as a less dangerous drug.

US unveils proposal to ease restrictions on marijuana

marketscreenercom - 72 days ago - The U.S. Justice Department on Thursday unveiled a historic proposal to ease restrictions on marijuana, a rule that if enacted would also enable more research on its medicinal benefits. ...

Biden Administration Moves To Reclassify Marijuana As A Less Dangerous Drug

huffingtonpostcom - 72 days ago - If finalized, cannabis could move down to Schedule III.

US Proposes Reclassifying Marijuana As Low-risk Drug

International Business Times - 72 days ago - US President Joe Biden's administration formally proposed on Thursday reclassifying marijuana as a less dangerous drug, a historic shift that would bring federal policy more in line with public...

Marijuana reclassified as a less dangerous drug in historic shift by Justice Department

NY Post - 72 days ago - A proposed rule sent to the federal register recognizes the medical uses of cannabis and acknowledges it has less potential for abuse than some of the nation’s most dangerous drugs.

Biden announces support for DOJ measure to reclassify marijuana

Washington Post - 72 days ago - If a proposed rule goes into effect, marijuana will join a category including prescription drugs such as ketamine, anabolic steroids and testosterone.

Justice Department formally moves to reclassify marijuana as less dangerous drug

Boston Globe - 72 days ago - A proposed rule sent to the federal register recognizes the medical uses of cannabis and acknowledges it has less potential for abuse than some of the nation's most dangerous drugs.

Biden hails ‘monumental’ steps toward easing marijuana rules as rescheduling process moves ahead

cnncom - 72 days ago - President Joe Biden’s administration on Thursday took another step toward reclassifying marijuana as a lower-risk substance, opening for public comment its proposed loosening of federal rules in a step the president deemed “monumental.”

Justice Department moves forward with easing federal restrictions on marijuana

CBS News - 72 days ago - The Justice Department officially proposed a new rule on Thursday that would reclassify marijuana as a Schedule III drug.