Marijuana closer to becoming a less restricted drug

  • Attorney General Merrick Garland initiates process to reschedule marijuana
  • Marijuana currently classified as Schedule I substance since 1970
  • Proposed rule would move drug to Schedule III classification with medical prescription access

Attorney General Merrick Garland has begun the process of rescheduling marijuana, moving it towards a less restrictive classification. The Justice Department submitted a notice of proposed rulemaking to the Federal Register, initiating an evaluation period that includes public comment and Drug Enforcement Administration consideration. Marijuana has been classified as a Schedule I substance since 1970. President Biden called for regulators to reconsider its classification in 2022.°

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about Attorney General Merrick Garland initiating the process of rescheduling marijuana as a less dangerous drug, mentions the involvement of the Federal Register and public comment, and refers to the current classification and proposed new classification. It also notes President Biden’s call for reconsideration of the classification. However, it lacks details on the potential impact or implications of this change.°
Noise Level: 3
Noise Justification: The article provides relevant information about Attorney General Merrick Garland initiating the process of rescheduling marijuana and mentions the current classification and proposed change in schedule. However, it lacks in-depth analysis or exploration of potential consequences and does not offer actionable insights or new knowledge for readers.°
Key People: Merrick Garland (Attorney General), Joe Biden (President), Ben Glickman (Writer)

Financial Relevance: Yes
Financial Markets Impacted: No
Financial Rating Justification: The article discusses financial topics such as stocks and investments, but it does not mention any specific events that impact financial markets or companies.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: Minor
Extreme Rating Justification: There is no extreme event mentioned in the article. The topic discusses a potential rescheduling of marijuana, which could have some impact but not considered as an extreme event.°

Reported publicly: www.wsj.com