President Trump signed an executive order to expedite the rescheduling of marijuana to Schedule III, enhancing research on its medical uses, and to improve access to hemp-derived CBD products, aiming to inform patients and doctors while advancing healthcare policies and affordability.
Vice President Harris, joined by rapper Fat Joe and Kentucky Gov. Andy Beshear, urged the DEA to expedite its review of marijuana's classification, emphasizing the criminal justice impact and disproportionate harm to Black and Latino men. President Biden, who pledged to decriminalize marijuana and expunge prior convictions, has pardoned individuals convicted under federal law and D.C. statute. Harris called the current Schedule I classification "absurd" and stressed the need for a prompt resolution based on the DEA's assessment, as the issue polls well with young voters and has gained attention in Biden's recent State of the Union address.
Senate Democrats, led by Elizabeth Warren and John Fetterman, are urging the Biden administration to remove marijuana from Schedule I of the Controlled Substances Act, arguing that the case for descheduling is overwhelming. The Department of Health and Human Services recommended in August that the DEA move cannabis to Schedule III, prompting a review that continues. Rescheduling or descheduling marijuana would have significant implications for the industry and users, as 40 states and Washington, D.C., have legalized it in some form. The Biden administration has a window of opportunity to deschedule marijuana, and there is bipartisan support for legislation to reform marijuana laws, including the SAFE Banking Act.