The Fort Worth Press - US proposes reclassifying marijuana as low-risk drug

USD -
AED 3.673021
AFN 64.99982
ALL 81.118144
AMD 360.743464
ANG 1.789785
AOA 917.000063
ARS 1540.330602
AUD 1.423508
AWG 1.8
AZN 1.697491
BAM 1.747272
BBD 2.014223
BDT 123.910645
BGN 1.747831
BHD 0.377301
BIF 2998.5
BMD 1
BND 1.28047
BOB 11.855935
BRL 5.418697
BSD 1.000054
BTN 95.138718
BWP 13.795445
BYN 2.941694
BYR 19600
BZD 2.011337
CAD 1.40138
CDF 2315.000224
CHF 0.82676
CLF 0.025048
CLP 989.039582
CNY 6.67805
CNH 6.667515
COP 3146.44
CRC 455.262182
CUC 1
CUP 24.001537
CVE 98.508503
CZK 21.759302
DJF 177.719857
DKK 6.67944
DOP 61.205437
DZD 135.069589
EGP 56.254699
ERN 15
ETB 163.804155
EUR 0.8937
FJD 2.235701
FKP 0.747708
GBP 0.74875
GEL 2.589585
GGP 0.747708
GHS 11.624993
GIP 0.747708
GMD 73.999871
GNF 8850.751336
GTQ 7.644581
GYD 209.560055
HKD 7.845494
HNL 26.849631
HRK 6.732899
HTG 130.986148
HUF 328.281503
IDR 18146
ILS 3.084145
IMP 0.747708
INR 95.14785
IQD 1515.082481
IRR 1832374.999783
ISK 121.890232
JEP 0.747708
JMD 158.771424
JOD 0.708957
JPY 157.425503
KES 129.849678
KGS 87.450229
KHR 4077.348116
KMF 439.500483
KPW 899.999961
KRW 1325.585002
KWD 0.31073
KYD 0.833426
KZT 450.973998
LAK 22507.604826
LBP 89554.609574
LKR 332.292546
LRD 170.008621
LSL 16.631453
LTL 2.95274
LVL 0.60489
LYD 6.412679
MAD 9.823022
MDL 17.971064
MGA 4541.901363
MKD 54.964674
MMK 2099.851486
MNT 3598.994658
MOP 8.08144
MRU 40.21459
MUR 47.129711
MVR 15.459748
MWK 1734.123669
MXN 18.561105
MYR 4.0861
MZN 63.909383
NAD 16.631602
NGN 1346.379766
NIO 36.798306
NOK 9.30779
NPR 152.221592
NZD 1.757191
OMR 0.384496
PAB 1.00004
PEN 3.44761
PGK 4.549069
PHP 63.924501
PKR 276.741666
PLN 3.935199
PYG 5764.978626
QAR 3.655709
RON 4.779396
RSD 105.016008
RUB 80.799646
RWF 1478.619383
SAR 3.744737
SBD 8.07458
SCR 13.855796
SDG 601.502503
SEK 9.94123
SGD 1.280355
SHP 0.7473
SLE 22.949737
SLL 20969.504398
SOS 571.489831
SRD 37.692009
STD 20697.981008
STN 21.887898
SVC 8.750692
SYP 13001.999685
SZL 16.625646
THB 33.769892
TJS 9.225574
TMT 3.51
TND 2.987372
TOP 2.40776
TRY 49.761501
TTD 6.796771
TWD 32.5625
TZS 2645.002982
UAH 45.657837
UGX 4480.338773
UYU 40.103811
UZS 11968.60664
VES 879.788899
VND 25842.5
VUV 118.791596
WST 2.767791
XAF 586.22858
XAG 0.018483
XAU 0.000248713839
XCD 2.70255
XCG 1.802377
XDR 0.707052
XOF 586.22858
XPF 106.5435
YER 236.098
ZAR 16.627497
ZMK 9001.198647
ZMW 20.135703
ZWL 321.999592
SSP 5745.299755
MXV 2.094078
  • RIO

    -0.3300

    97.04

    -0.34%

  • CMSC

    -0.0400

    20.67

    -0.19%

  • RELX

    0.0000

    33.41

    0%

  • RBGPF

    0.0000

    67.95

    0%

  • BCE

    -0.0700

    21.99

    -0.32%

  • BCC

    -0.0300

    75.66

    -0.04%

  • GSK

    0.8600

    51.08

    +1.68%

  • JRI

    -0.0300

    11.52

    -0.26%

  • NGG

    -0.1200

    76.68

    -0.16%

  • CMSD

    0.0900

    20.54

    +0.44%

  • BTI

    -0.0800

    55.75

    -0.14%

  • AZN

    2.0200

    168.1

    +1.2%

  • BP

    -1.4200

    43.16

    -3.29%

  • RYCEF

    0.4600

    19.7

    +2.34%

  • VOD

    0.0700

    17.02

    +0.41%

US proposes reclassifying marijuana as low-risk drug
US proposes reclassifying marijuana as low-risk drug / Photo: © GETTY IMAGES NORTH AMERICA/AFP/File

US proposes reclassifying marijuana as low-risk drug

US President Joe Biden's administration formally proposed on Thursday reclassifying marijuana as a less dangerous drug, a historic shift that would bring federal policy more in line with public opinion.

Text size:

"No one should be in jail merely for using or possessing marijuana. Period," Biden said in a video statement.

"Far too many lives have been upended because of a failed approach to marijuana and I'm committed to righting those wrongs."

Marijuana has been classified since 1970 as a Schedule I drug under the Controlled Substances Act (CSA) along with heroin, ecstasy and LSD, meaning it is deemed to have no accepted medical use and a high potential for abuse.

But it would be downgraded to a Schedule III drug under the proposal, along with drugs like ketamine and painkillers containing codeine, with a moderate to low likelihood of dependence.

The proposal to reclassify cannabis was unveiled by the Biden administration at the end of April and the Justice Department officially launched the process on Thursday.

Marijuana will remain a controlled substance until the process -- which includes a public comment period and a potential hearing before a judge -- is complete.

In 2022, Biden became the first president to initiate a federal review of marijuana policy.

The issue is seen as a potential vote winner for Biden as he faces Republican Donald Trump in a tough election rematch this November, especially among younger people whom the Democratic incumbent is struggling to court.

A Pew Research Center survey found 88 percent of Americans believe marijuana should be legal for medical or recreational use. Just 11 percent said it should not be legal at all.

Cannabis was first outlawed at the federal level in 1937, a decision critics say was made largely along racist reasoning, as the drug was perceived as being intimately tied to jazz music and to Mexican immigrants.

The 1970s brought the "War on Drugs," which likewise disproportionately hit minorities -- before the medical marijuana movement took root in the 1990s, and in 2012, US states began to make recreational cannabis legal for adults.

Cannabis is today a multi-billion-dollar business in the United States, with more than half of all states having legalized recreational and medicinal cannabis use, including California and New York.

But since the drug remains a controlled substance at the national level, everyone involved is still technically breaking the law of the land.

The classification makes it difficult for businesses to access banking services, stops federal funding for medical marijuana research and prevents interstate commerce, as well as federal regulation on best practices and protocols for marijuana.

S.Jones--TFWP