CNBS

White House mum on where Biden stands with marijuana rescheduling

White House mum on where Biden stands with marijuana rescheduling plan. The DEA is reportedly planning to reschedule cannabis as a Schedule III drug. Biden has often voiced his support of marijuana reforms. The White House has yet to say whether the president supports the plan.

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DEA head refuses to comment on marijuana rescheduling amid rulemaking process

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Cannabis businesses subject to federal marijuana laws under rescheduling - CRS

Cannabis businesses subject to federal marijuana laws under rescheduling. The DEA is poised to move marijuana from a Schedule I to a Schedule III controlled substance. The Congressional Research Service says cannabis businesses would still be subject to marijuana laws. These companies face other potential legal ramifications.

BTIG sees "murky" road ahead for cannabis reclassification

Healthcare BTIG sees "murky" road ahead for cannabis reclassification. White House to propose that marijuana be reclassified as a less dangerous drug. But BTIG says the process will likely face delays due to legal challenges and lack of clarity on implementation. The cannabis industry has much to gain by having cannabis reclassified from a Schedule I substance to a Schedule III.

Marijuana opposition group raising money to fight cannabis rescheduling

Anti-marijuana reform group raising money to fight cannabis rescheduling. Smart Approaches to Marijuana opposes the DEA's reported decision to reschedule cannabis as a less dangerous drug. The group says the move would give Big Marijuana billions in tax write-offs. The proposed rescheduled cannabis still needs to go through White House review.

Cannabis banking reform bolstered by new poll

A new poll commissioned by a banking group finds that a majority of Americans support legislation that would allow cannabis businesses to access the U.S. Financial system. 64% of Americans say the legislation would help improve public safety. 54% say opening the banking system to cannabis businesses would help underserved communities.