A collective appeal has been made byย six state governors to President Joe Biden, urging him to facilitate the rescheduling of cannabis by yearโs end. The letter, jointly signed by the governors of New York, Colorado, New Jersey, Illinois, Maryland and Louisiana, stresses theย economic and fiscal advantagesย that would accrue to marijuana businesses if rescheduling occurs.
Currently classified as a Schedule I substance under the CSA, cannabis is federally considered a hazardous substance. Reclassifying it to Schedule III designates it as a lower-risk substance and would provide increased protection to the existing state-level cannabis industry and its consumers, benefiting bothโฆ
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