(This is a developing story, so check back for updates.)
The U.S. Department of Justice on Thursday took the latest step toward reclassifying marijuana as a less dangerous drug under federal law.
Attorney General Merrick Garland submitted a notice of proposed rulemaking to move marijuana from Schedule 1 of the Controlled Substances Act to Schedule 3, a move that could collectively save cannabis operators billions of dollars.
And in a sign of how seriously the White House is taking marijuana policy reform, including rescheduling the drug under the Controlled Substances Act (CSA), it was President Joe Biden who personally announced the development in a video posted to social media.
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“This is monumental,” the president said in a video posted to X, formerly known
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