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But the federal government is still stuck on whether to remove the plant from Schedule I of the federal drug code — a category reserved for highly addictive substances with no medical benefit.
The president also said he would be seeking a federal review of the scheduling of marijuana, which is currently a “Schedule I” substance, similar to heroin or LSD and even higher than fetanyl.
The simplest and most elegant way is to get rid of the schedule, and then it’s no longer illegal, and the banks and financial institutions can provide services.
“The Senate works with its own schedule,” said Rep. Earl Blumenauer, an Oregon Democrat.
Ed Perlmutter , D-Colo., said the “crazy hours and little notice” come with the job, but McGovern has created a more predictable schedule than when he served under the late Chairwoman Louise Slaughter,
Late last year, the House passed a bill that would remove marijuana from the federal schedule of controlled substances and redress the war on drugs through similar criminal justice changes, social
Despite decriminalization in many states, marijuana remains a Schedule 1 controlled substance at the federal level, and most banks won’t loan to dispensaries or other cannabis businesses.