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Market
International policy changes on marijuana by mid-2025
5
Resolution / Starting Odds
Several countries amend laws • 33%
Few countries consider changes • 33%
No significant changes internationally • 34%
International policy announcements and credible news reports
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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Increase in states legalizing recreational use • 25%
Increase in states legalizing medical use • 25%
No significant change • 25%
States tightening restrictions • 25%
Further restrictions • 33%
No change • 33%
Further liberalization • 33%
Increased investments in Thailand • 25%
Divestment from Thailand • 25%
No significant change • 25%
Increased regulatory scrutiny • 25%
Significantly more favorable • 25%
Slightly more favorable • 25%
No significant change • 25%
Less favorable • 25%
Increase • 33%
Decrease • 33%
Stay the same • 34%
More positive • 33%
No significant change • 33%
More negative • 33%
Increase by over 10% • 25%
Increase by 5% to 10% • 25%
No significant change • 25%
Decrease • 25%
Yes • 50%
No • 50%
Supportive statements • 33%
Neutral statements • 33%
Critical statements • 34%
Significantly more favorable • 25%
Somewhat more favorable • 25%
No significant change • 25%
Less favorable • 25%
More than 5 states legalize • 33%
1 to 5 states legalize • 34%
No change • 33%
Significant increase in investment • 33%
Moderate increase • 33%
No significant change • 34%