Biden administration formally proposes moving marijuana to Schedule 3 -

Attorney General Merrick Garland has proposed reclassifying marijuana to Schedule III of the Controlled Substances Act, following President Biden's 2022 directive to review its classification. This change, which reflects substantial evidence against its Schedule I status, will undergo a 60-day public comment period before finalization. If enacted, this reclassification could alleviate heavy tax burdens on marijuana businesses and facilitate medical research. However, synthetic cannabinoids and hemp-derived THC are excluded from this proposal, and further legislative action is required for comprehensive federal cannabis reform.