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Market
How many states will change marijuana laws by end of 2024?
5
Resolution / Starting Odds
More than 10 states change laws • 33%
5-10 states change laws • 33%
Less than 5 states change laws • 34%
State legislation updates and official state announcements
Story
DOJ Proposes Reclassifying Marijuana as Schedule III Drug in Historic Shift
May 16, 2024, 05:13 PM
The U.S. Department of Justice (DOJ) has formally proposed a new rule on Thursday to reclassify marijuana from a Schedule I to a Schedule III drug. This significant policy shift, endorsed by the Biden administration, marks a historic shift in U.S. drug policy and aims to ease federal restrictions on cannabis, acknowledging its medical uses and lower abuse potential. The reclassification would place marijuana in the same category as ketamine and anabolic steroids, rather than alongside heroin and LSD. If enacted, this change would also facilitate more research on the medicinal benefits of marijuana. The proposal is subject to a 60-day public comment period and requires final approval from the Drug Enforcement Administration (DEA).
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Similar markets
More than 5 states legalize • 33%
1 to 5 states legalize • 34%
No change • 33%
0-5 states • 20%
6-10 states • 20%
11-15 states • 20%
16-20 states • 20%
More than 20 states • 20%
Increase in states legalizing recreational use • 25%
Increase in states legalizing medical use • 25%
No significant change • 25%
States tightening restrictions • 25%
No states pass new laws • 25%
1-5 states pass new laws • 25%
6-10 states pass new laws • 25%
More than 10 states pass new laws • 25%
None • 25%
1-5 states • 25%
6-10 states • 25%
More than 10 states • 25%
1-5 states • 34%
6-10 states • 33%
More than 10 states • 33%
Yes • 50%
No • 50%
More than 20 states enact more lenient laws • 33%
10-20 states enact more lenient laws • 33%
Less than 10 states enact more lenient laws • 34%
0-5 states • 25%
6-10 states • 25%
11-20 states • 25%
More than 20 states • 25%