The Biden administration plans to reclassify cannabis as a Schedule III drug, paving the way for pharmaceutical companies to sell and distribute medical cannabis, NBC News reported this week.
The move would be the first reclassification of cannabis since the passage of the Controlled Substances Act in 1970, per NBC News. Downgrading cannabis to Schedule III from Schedule I (which is the strictest classification and includes drugs like heroin and methamphetamines) means the federal government acknowledges that cannabis has potential medical benefits.
The rescheduling would “open up the ability to actually test [cannabis] and put it in a laboratory without all of the restrictive measures” that a Schedule I drug faces, James Cole, who served as President Obama’s deputy attorney general and now sits on the National Cannabis Roundtable, told NBC News.
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