When will weed be Federally legal?
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Question: When will weed be Federally legal?
Answer:
Federal legalization of marijuana in the U.S. is still uncertain and depends on various factors. Currently, the Biden administration is moving towards rescheduling marijuana from a Schedule I to a Schedule III substance under the Controlled Substances Act. This could happen as soon as late 2024.
While rescheduling would ease some restrictions, it won’t make cannabis fully legal at the federal level. Rescheduling will primarily impact research and reduce certain tax burdens on cannabis businesses.
For full federal legalization, more comprehensive legislation like the MORE Act would need to pass through Congress. This remains a challenging path due to political divisions and differing priorities among lawmakers.
Keep an eye on upcoming legislative sessions and presidential campaigns, as marijuana reform is expected to be a significant topic in 2024.