Democratic congressmen pressure DEA, DOJ to reclassify marijuana

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Two high-ranking Democratic congressman have sent letters to DEA Administrator Anne Milgram and Attorney General Merrick Garland requesting that they take "swift action" to finalize a rule moving ...

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Rep. Jerrold Nadler (R-N.Y.), the ranking member of the House Judiciary Committee, and Rep. Frank Pallone, Jr. (D-N.J.), ranking member of the House Energy and Commerce Committee, also ask DOJ and HHS to consider whether placing marijuana under a Schedule IV or Schedule V designation -- and even descheduling entirely -- would be appropriate. The letter also noted the U.S. FDA's recommendation that marijuana should be moved to Schedule III, which the National Institute on Drug Abuse agreed with. Also, they said HHS determined that cannabis has less abuse potential than other substances in Schedule I and Schedule II, and \"has an accepted medical use in treatment.\" Schedule III drugs, according to the DEA, have \"a moderate to low potential for physical and psychological dependence.\" They include drugs such as Tylenol with codeine, ketamine, anabolic steroids, and testosterone. Schedule IV drugs have \"a low potential for abuse and low risk of dependence\" and include Xanax, Valium, Ativan, and Ambien. Schedule V drugs are those with a lower risk of abuse than Schedule IV and include Robitussin AC (contains codeine), Lomotil, and Lyrica. Multi-state operators are seeing little impact so far in Tuesday trading. Multi-state operators: Ascend Wellness (OTCQX:AAWH), Curaleaf Holdings (OTCPK:CURLF), Cresco Labs (OTCQX:CRLBF), Green Thumb Industries (OTCQX:GTBIF), Trulieve Cannabis (OTCQX:TCNNF), Ayr Wellness (OTCQX:AYRWF), Verano Holdings (OTCQX:VRNOF), and Jushi Holdings (OTCQX:JUSHF). Cannabis ETFs: AdvisorShares Pure Cannabis ETF (YO), Amplify Alternative Harvest ETF (NYSEARCA:MJ), and Amplify Seymour Cannabis ETF (CNBS). More on marijuana reform  Cannabis stocks on watch as DEA sets hearing on marijuana rescheduling Trump appears open to decriminalizing marijuana Cannabis MSOs rise as Harris picks pro-marijuana Gov. Tim Walz as running mate Cannabis regulators ask for guidance on impact of rescheduling on enforcement, banking Americans overwhelmingly support cannabis banking reform - poll","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.0","shortVersion":"4.29.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472153302"}