US Justice Department Proposes Historic Reclassification of Marijuana

Regulations by 2FIRSTS.ai
May.17.2024
US Justice Department Proposes Historic Reclassification of Marijuana
U.S. Justice Department proposes historic reclassification of marijuana as safer drug, prompting potential benefits for research and cannabis industry.

According to a report by Reuters on May 17, the U.S. Department of Justice officially proposed a historic measure on Thursday (16th) to reclassify marijuana as a safer drug, stating that the risk of marijuana abuse is lower compared to other higher risk substances. If this regulation is enacted, it will also help facilitate further research on the medical benefits of marijuana.

 

The proposal states, "Furthermore, the FDA's review did not find any safety issues, indicating that the medical use of marijuana does not pose unacceptable high safety risks.

 

The Drug Enforcement Administration (DEA) in the United States is currently soliciting public feedback on the proposal, a process that may take some time, but Attorney General Merrick Garland has already given his approval. If approved, this new regulation would remove marijuana from the list of Schedule I drugs (which includes heroin, LSD, etc.) and reclassify it as a Schedule III drug, on par with ketamine and some synthetic steroids.

 

The department conducted a classification review of marijuana at the request of President Joe Biden in 2022. Additionally, Biden has taken steps to pardon thousands of individuals who were sentenced at the federal level for possession of marijuana, and has urged governors and mayors to take similar actions to commute these sentences. He hopes that this move will increase support for the Democratic party in an election year, especially among younger voters. Biden has promised, "Too many lives have been put in jeopardy due to the mishandling of marijuana, and I am committed to correcting these mistakes. You can trust my word."

 

Previously, the Assistant Secretary for Health at the U.S. Department of Health and Human Services (HHS) had recommended in August 2023 that the DEA classify marijuana as a Schedule III drug. The DEA has yet to make a specific classification for marijuana.

 

If the federal government relaxes marijuana classification, marijuana companies stand to benefit, such as being eligible to list on major stock exchanges and receive more generous tax breaks. Additionally, the banking restrictions they face may be reduced. Because marijuana is illegal at the federal level, most American banks do not provide loans or services to marijuana companies, prompting many banks to rely on cash transactions.

 

The public will have 60 days to submit comments on the proposal from the Department of Justice, and can also request a public hearing to be held on the proposal.

 

We welcome news tips, article submissions, interview requests, or comments on this piece.

Please contact us at info@2firsts.com, or reach out to Alan Zhao, CEO of 2Firsts, on LinkedIn


Notice

1.  This article is intended solely for professional research purposes related to industry, technology, and policy. Any references to brands or products are made purely for objective description and do not constitute any form of endorsement, recommendation, or promotion by 2Firsts.

2.  The use of nicotine-containing products — including, but not limited to, cigarettes, e-cigarettes, nicotine pouchand heated tobacco products — carries significant health risks. Users are responsible for complying with all applicable laws and regulations in their respective jurisdictions.

3.  This article is not intended to serve as the basis for any investment decisions or financial advice. 2Firsts assumes no direct or indirect liability for any inaccuracies or errors in the content.

4.  Access to this article is strictly prohibited for individuals below the legal age in their jurisdiction.

 

Copyright

 

This article is either an original work created by 2Firsts or a reproduction from third-party sources with proper attribution. All copyrights and usage rights belong to 2Firsts or the original content provider. Unauthorized reproduction, distribution, or any other form of unauthorized use by any individual or organization is strictly prohibited. Violators will be held legally accountable.

For copyright-related inquiries, please contact: info@2firsts.com

 

AI Assistance Disclaimer

 

This article may have been enhanced using AI tools to improve translation and editorial efficiency. However, due to technical limitations, inaccuracies may occur. Readers are encouraged to refer to the cited sources for the most accurate information.

We welcome any corrections or feedback. Please contact us at: info@2firsts.com

Poland to Ban Disposable E-Cigs and Flavored Nicotine Pouches
Poland to Ban Disposable E-Cigs and Flavored Nicotine Pouches
Poland's Ministry of Health plans to ban disposable e-cigarettes and flavored nicotine pouches, and prohibit e-cigarette sales to anyone under 18. The draft has been approved by the government's legislative group and backed unanimously by the parliamentary health committee.
May.08 by 2FIRSTS.ai
Philippines DTI Reports $740K in Illegal E-Cigarette Seizures and Removal of 100 Million Violation Records This Year
Philippines DTI Reports $740K in Illegal E-Cigarette Seizures and Removal of 100 Million Violation Records This Year
Between January and May 2025, the Philippine DTI seized $740,000 worth of illegal e-cigarettes from 88 unauthorized brands. Over 104 million online violations were removed, 628 businesses flagged, 385 legal notices issued, and 10 brands suspended.
May.28
Japan Tobacco International Acquires UK’s Largest Independent Vape Firm, Whose Products Reach Over 80 Countries
Japan Tobacco International Acquires UK’s Largest Independent Vape Firm, Whose Products Reach Over 80 Countries
Japan Tobacco International (JTI) has recently acquired a controlling stake (over 50% but less than 75%) in Flavour Warehouse, the UK’s largest independent vape company, to strengthen its position in the reduced-risk product segment. Flavour Warehouse is one of Europe’s leading e-liquid manufacturers, with products sold in over 80 countries worldwide.
May.14 by 2FIRSTS.ai
Exhibition Watch | Brands like RELX、Firstunion and HQD Showcase Aluminum Alloy E-Cigarettes
Exhibition Watch | Brands like RELX、Firstunion and HQD Showcase Aluminum Alloy E-Cigarettes
The Dubai E-Cigarette Expo was held at the World Trade Center from June 18-20. A 2Firsts survey revealed that multiple brands, including Firstunion, RELX, and HQD, showcased e-cigarettes made from aluminum alloy.
Jun.24
PMI Urges Africa to Remove Tobacco Control Barriers, Calls for Science-Driven Policy
PMI Urges Africa to Remove Tobacco Control Barriers, Calls for Science-Driven Policy
At the 2025 Innovation Conference in Cape Town, Philip Morris International (PMI) urged African countries to remove barriers to tobacco harm reduction. It cited inefficient policies, resistance to innovation, and poor communication as key challenges, and called for science-based regulations to provide adult smokers with better alternatives.
Jun.17 by 2FIRSTS.ai
Word Vape Show Insights| Divergent Brand-Overseas Routes: UK Brands Target the Middle East, Southeast Asian Brands Land in Africa, and US Hits Struggling for Exports?
Word Vape Show Insights| Divergent Brand-Overseas Routes: UK Brands Target the Middle East, Southeast Asian Brands Land in Africa, and US Hits Struggling for Exports?
At the 2025 Dubai World Vape Show, 2Firsts observed a clear trend: global vape brands are speeding up their overseas expansion, but their routes are parting.
Jun.20 by 2FIRSTS.ai