JOURNAL ARTICLE

US Reclassifies State-Licensed Marijuana as Less Dangerous Drug.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Strohm, Chris 3 of 3

Abstract

The article focuses on the U.S. Justice Department's reclassification of state-regulated marijuana from Schedule I to Schedule III, indicating it is now considered a less dangerous drug under federal law. This change, signed by acting Attorney General Todd Blanche, reduces federal restrictions on licensed marijuana products but does not legalize recreational use nationwide. The reclassification has prompted a rise in cannabis stock prices, including a notable increase in shares of Tilray Brands Inc. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/04, pN.PAG
  • Document Type:Article
  • Subject Area:Law
  • Publication Date:2026
  • Accession Number:193223726
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