Biden Announces ‘Monumental’ Marijuana Rescheduling, DOJ To Take Next Steps
President Joe Biden announced on Thursday that his administration is officially moving to reschedule marijuana under federal law, while praising what he called a “monumental” step.
“Today my administration took a major step to reclassify marijuana from a schedule one drug to a schedule three drug. It’s an important move toward reversing long-standing inequities. Today’s announcement builds on the work we’ve already done, and it adds to the action we’ve taken to lift barriers to housing, employment, small business loans and so much more for tens of thousands of Americans,” Biden said.