US to reclassify cannabis as low-risk drug, in major shift | The Business Standard
Skip to main content
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Tuesday
June 03, 2025

Sign In
Subscribe
  • Epaper
  • Economy
    • Aviation
    • Banking
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
TUESDAY, JUNE 03, 2025
US to reclassify cannabis as low-risk drug, in major shift

USA

BSS/AFP
01 May, 2024, 10:55 am
Last modified: 01 May, 2024, 10:59 am

Related News

  • Two Narsingdi cops withdrawn over drug sale allegations
  • Thailand's cannabis U-turn is a cautionary tale
  • Most Thais back PM’s plan to reclassify cannabis as drug: Survey
  • Thai PM calls for illegal drugs crackdown
  • We don't all smoke weed in Germany, Scholz assures Chinese students

US to reclassify cannabis as low-risk drug, in major shift

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

BSS/AFP
01 May, 2024, 10:55 am
Last modified: 01 May, 2024, 10:59 am
The Netherlands, known for its permissive attitude to the drug, has in recent years taken a stricter approach to counter cannabis tourism. Photo: Pixabay
The Netherlands, known for its permissive attitude to the drug, has in recent years taken a stricter approach to counter cannabis tourism. Photo: Pixabay

US President Joe Biden's administration is set to reclassify marijuana as a less dangerous drug, an official said Tuesday -- a historic shift that would bring federal policy more in line with public opinion.

The US attorney general sent a proposal to the White House on Tuesday to "reclassify marijuana," Justice Department spokesperson Xochitl Hinojosa said in a statement.

It comes after Biden became the first president to initiate a federal review into the matter, in 2022.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

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.

Marijuana has been classified since 1970 as a so-called "Schedule I" drug 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, Hinojosa's statement said.

"This is the next step in the formal rescheduling process," a source familiar with the issue told AFP. The process would still require a long period for public comments and finalisation.

Commenting on the impending move, Paul Armentano, deputy director of the advocacy group NORML, said: "It is significant for these federal agencies... to acknowledge publicly for the first time what many patients and advocates have known for decades: that cannabis is a safe and effective therapeutic agent for tens of millions of Americans."

But he added that reclassifying the substance did not go far enough and it should be removed from the Controlled Substances Act altogether, a move that would require legislation.

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

Business worth billions

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 legalised 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.

After Canada fully legalised cannabis in 2018, US Customs and Border Patrol officers began issuing lifetime entry bans to Canadians who answered "yes" when asked at checkpoints if they had ever consumed the drug.

The same agency warned residents in New Mexico that it would continue to prosecute offenders caught with the substance at highway checkpoints, even after the state had legalised it.

Native American lands also experience raids carried out by the federal Bureau of Indian Affairs, despite the fact they live on nominally self-governing territories.

Cannabis advocates warn that without legislation, a future presidential administration unsympathetic to legalisation could go after businesses and consumers even in states where the plant is legal.

Former president Trump's first attorney general, Jeff Sessions, threatened to do this, but federal prosecutors ultimately decided it was a waste of their time.

Top News / World+Biz

Cannabis / legalise

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Illustration: Duniya Jahan/TBS Creative
    A budget that shrinks to fit
  • Bold taxation but conventional expenditures
    Bold taxation but conventional expenditures
  • Foreign Investors' Chamber of Commerce & Industry (FICCI) is an apex body of foreign investors.
    Budget FY26: Ficci says some positive steps, flags concerns impacting business, investment climate

MOST VIEWED

  • Representational image/Reuters
    Remittance hits second-highest monthly record of $2.97b in May ahead of Eid
  • Photo: Courtesy
    Freshly designed banknotes hit Dhaka banks tomorrow
  • Screengrab from viral video
    Women threatened in Adabor thana: How BNP leader's attempt to save accused turned him into villain
  • Representational image. Photo: Collected
    First Security Islami Bank reports Tk55,920cr in classified loans
  • Bangladesh can be a first choice for our investment: Chinese business leaders 
    Bangladesh can be a first choice for our investment: Chinese business leaders 
  • Teesta River overflowing at one of its gates on 1 June 2025. Photo: UNB
    44 gates opened as water levels in Teesta rise

Related News

  • Two Narsingdi cops withdrawn over drug sale allegations
  • Thailand's cannabis U-turn is a cautionary tale
  • Most Thais back PM’s plan to reclassify cannabis as drug: Survey
  • Thai PM calls for illegal drugs crackdown
  • We don't all smoke weed in Germany, Scholz assures Chinese students

Features

Illustration: TBS

The GOAT of all goats!

26m | Magazine
Photo: Nayem Ali

Eid-ul-Adha cattle markets

51m | Magazine
Sketch: TBS

Budget FY26: What corporate Bangladesh expects

17h | Budget
The customers in super shops are carrying their purchases in alternative bags or free paper bags. Photo: Mehedi Hasan

Super shops leading the way in polythene ban implementation

16h | Panorama

More Videos from TBS

Budget 2025-26: Cost of buying flats and apartments is increasing

Budget 2025-26: Cost of buying flats and apartments is increasing

3h | Others
Interim govt. unveils national budget of Tk7.90 lakh crore

Interim govt. unveils national budget of Tk7.90 lakh crore

4h | Others
Election Countdown Begins After July Charter: NCP

Election Countdown Begins After July Charter: NCP

5h | TBS Today
The financial advisor's statement in the budget proposal is promising: Ashikur Rahman

The financial advisor's statement in the budget proposal is promising: Ashikur Rahman

5h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net