A decision on whether to reclassify marijuana as a less dangerous drug in the U.S. won’t come until after the November presidential election. The timeline raises the chances it could be a potent political issue in the closely contested race. The U.S.
FILE - A cashier rings up a marijuana sale, July 1, 2017, at a cannabis dispensary in Las Vegas. FILE - A marijuana plant is visible at a medical marijuana dispensary in Egg Harbor Township, N.J., March 22, 2019. FILE - Caretakers oversee a grow room for medical marijuana at ShowGrow, a medical marijuana dispensary in Los Angeles, April 20, 2017. FILE - A cashier rings up a marijuana sale, July 1, 2017, at a cannabis dispensary in Las Vegas.
The DEA has said it doesn’t yet have a position on whether to go through with the change, stating in a memo that it would keep weighing the issue as the federal rulemaking process plays out. The hearing sparked some consternation among pot industry players, though little surprise about the DEA decision to hold one.The Associated Press is the most trusted source of information on election night, with a history of accuracy dating to 1848.“While the result ultimately may be better, I think we’re so used to seeing delays that it’s just a little disappointing,” said Stephen Abraham, chief financial officer at The Blinc Group, supplier of cartridges and other hardware used in pot vapes.
Some legalization advocates also hope rescheduling could help persuade Congress to pass legislation aimed at opening banks’ doors to cannabis companies. Currently, the drug’s legal status means many federally regulated banks are reluctant to lend to such businesses, or sometimes even provide checking or other basic services.
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