US set to reclassify marijuana amid Axios briefing

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Source: Yahoo
US set to reclassify marijuana amid Axios briefing
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TL;DR

The Biden-era administration is reportedly moving to reclassify marijuana as early as Wednesday, per Axios, which would place the drug among less dangerous substances and could lower tax burdens and ease funding for cannabis companies. The decision rests with the DEA and had not been officially commented on by the Justice Department at the time; markets reacted as cannabis stocks rose on the report, signaling a potential major shift in federal marijuana policy.

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