Why it matters: Six governors are urging President Joe Biden to take action and swiftly determine if cannabis should be rescheduled at the federal level. They argue that cannabis is overwhelmingly supported by Americans and that its outdated classification puts small businesses and public safety at risk.
What they are saying: The governors praised Biden for reconsidering the classification of cannabis and expressed hope that the DEA will reschedule it from Schedule I to Schedule III. They emphasized the success of state-regulated cannabis markets and the need for federal recognition and support.
The big picture: The call from the governors reflects the growing momentum and support for cannabis legalization across the country. They argue that rescheduling cannabis would benefit businesses, improve public safety, and align federal law with the preferences of the American people.
What to watch: It remains to be seen how President Biden will respond to the governors’ letter and whether he will take action on cannabis rescheduling. The DEA’s decision and any potential legislative changes will have significant implications for the cannabis industry and its future growth.
My take: The letter from the governors highlights the urgent need for federal action on cannabis rescheduling. The overwhelming support for legalization among Americans, coupled with the success of state-regulated cannabis markets, make a strong case for revisiting the federal classification of cannabis. Rescheduling cannabis would not only address outdated policies but also provide economic and safety benefits for businesses and consumers. President Biden should seriously consider the governors’ call for action and take steps towards aligning federal law with the will of the people.
