US Health Dept. Recommends Easing Cannabis Restrictions
- Cannabis News
- Cannabutter Digest
The U.S. Department of Health and Human Services (HHS) has put forth a recommendation to ease the restrictions on marijuana, responding to a request from the Biden Administration.
According to Reuters, the move follows the legalization of cannabis in nearly 40 U.S. states in various capacities, creating momentum for broader acceptance. Currently labeled a Schedule I drug along with substances like heroin, the HHS suggests reclassifying marijuana with lower potential for dependence and abuse.
“As part of this process, HHS conducted a scientific and medical evaluation for consideration by DEA. DEA has the final authority to schedule or reschedule a drug under the Controlled Substances Act. DEA will now initiate its review,” said a spokesperson with the DEA.
The proposal, conveyed to the DEA as part of President Biden’s directive, could impact stock exchange listings for cannabis-related businesses and potentially open the U.S. market to foreign cannabis companies.
Shares of leading cannabis firms, including Canopy Growth and Tilray, experienced a rise in response to the news.
Cannabutter Digest has everything you need to stay up to date on the latest trends. From exciting new product reviews, to delicious recipes, we have all the cannabis news you can use!
