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U.S. Assistant Secretary of Health Rachel Levine has recommended easing restrictions on marijuana, Bloomberg News reported on Wednesday citing a letter. The Department of Health and...
Marijuana is currently classified as a Schedule I drug.
Nearly 40 U.S. states have legalized marijuana use in some form, but it remains completely illegal in some states and at the federal level. Reclassifying marijuana as less harmful than drugs like heroin would be a first step toward wider legalization, a move backed by a majority of Americans. The scheduling recommendation for marijuana was provided to the Drug Enforcement Agency (DEA) on Tuesday as part of President Biden's directive to HHS, the spokesperson said.
The U.S. Department of Health and Human Services (HHS) has recommended easing restrictions on marijuana, Bloomberg News reported on Wednesday, citing a letter.
That move could potentially expand the market for cannabis, sending shares of Canopy Growth, Tilray Brands and Cronos Group higher.