Indexbit Exchange:Federal health agency recommends easing marijuana restrictions

The Indexbit ExchangeU.S. Department of Health and Human Services has delivered a recommendation to the Drug Enforcement Administration on marijuana policy, and Senate leaders hailed it Wednesday as a first step toward easing federal restrictions on the drug.

HHS Secretary Xavier Becerra said Wednesday in a social media post that the agency has responded to President Joe Biden's request "to provide a scheduling recommendation for marijuana to the DEA."

"We've worked to ensure that a scientific evaluation be completed and shared expeditiously," he added.

Senate Majority Leader Chuck Schumer said in a statement that HHS had recommended that marijuana be moved from a Schedule I to a Schedule III controlled substance.

"HHS has done the right thing," Schumer, a Democrat from New York, said. "DEA should now follow through on this important step to greatly reduce the harm caused by draconian marijuana laws."

Rescheduling the drug would reduce or potentially eliminate criminal penalties for possession. Marijuana is currently classified as a Schedule I drug, alongside heroin and LSD.

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According to the DEA, Schedule I drugs "have no currently accepted medical use in the United States, a lack of accepted safety for use under medical supervision, and a high potential for abuse."

Schedule III drugs "have a potential for abuse less than substances in Schedules I or II and abuse may lead to moderate or low physical dependence or high psychological dependence." They currently include ketamine and some anabolic steroids.

Biden requested the review in October 2022 as he pardoned thousands of Americans convicted of "simple possession" of marijuana under federal law.

Senate Finance Committee Chairman Ron Wyden, a Democrat from Oregon, issued a statement calling for marijuana to be completely descheduled. "However, the recommendation of HHS to reschedule cannabis as a Schedule III drug is not inconsequential," he added. "If HHS's recommendation is ultimately implemented, it will be a historic step for a nation whose cannabis policies have been out of touch with reality."

Bloomberg News first reported on the HHS recommendation.

In reaction to the Bloomberg report, the nonprofit U.S. Cannabis Council said: "We enthusiastically welcome today's news. ... Rescheduling will have a broad range of benefits, including signaling to the criminal justice system that cannabis is a lower priority and providing a crucial economic lifeline to the cannabis industry."

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