WATCH: What does reclassification mean for marijuana users?
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The Bottom Line
The federal government reclassified marijuana from a Schedule I to a Schedule III controlled substance.
How This Affects You
This change could reduce federal penalties for some marijuana offenses and impact state-legal cannabis businesses and research.
AI Summary
A new order from the federal government reclassifies marijuana from a Schedule I to a Schedule III controlled substance. This change places state-licensed medical marijuana in the same category as certain pain medications, ketamine, and testosterone. The reclassification acknowledges marijuana's accepted medical uses and lower potential for abuse compared to Schedule I drugs. This move could reduce federal penalties for some marijuana-related offenses and may impact research and banking for state-legal cannabis businesses.
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