What rescheduling marijuana means for Washington state’s cannabis industry

(The Center Square) – The Biden administration’s move to reclassify marijuana as a lower-risk substance has broad implications for the cannabis industry at large, including in Washington state, a pioneer in the legal cannabis industry.

On Dec. 6, 2012, Washington became the first state in the nation to legalize recreational use of marijuana and the first to allow recreational marijuana sales, alongside Colorado. Washington had previously legalized medical marijuana in 1998.

On Tuesday, the Justice Department confirmed that the Drug Enforcement Agency, agreeing with the U.S. Department of Health and Human Services, is proposing to move marijuana from Schedule I status to Schedule III status under the Controlled Substances Act.  

Schedule I status means the federal government thinks there is no accepted medical use and a high potential for abuse. Schedule I drugs include heroin and LSD. Federal law prohibits the cultivation and possession of Schedule I drugs,
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