Is This Defi Coin Your Next "10-Bagger" Investment?

Our #1 pick in decentralized finance is largely overlooked by mainstream investors (for now). This governance token could skyrocket as DeFi adoption surges with the smart money and institutions.

House Democrats Urge DEA To Speed Up Cannabis Rescheduling

Franca Quarneti
October 01, 2024

Top Democrats from influential House committees are urging the Drug Enforcement Administration (DEA) to expedite the process of rescheduling cannabis.

In a letter sent to Attorney General Merrick Garland and DEA Administrator Anne Milgram, Representatives Jerrold Nadler (D-NY) and Frank Pallone (D-NJ), ranking members of the Judiciary and Energy & Commerce Committees respectively, stressed the need for quick action following a scientific review by the Biden administration.

See Also: ‘No Turning Back Now’: Cannabis Rescheduling Gains Momentum, Expert Offers Timeline

According to Marijuana Moment, the lawmakers argue that cannabis has “less potential for abuse than other drugs” and serves an “accepted medical use in treatment.”

Their comments align with recommendations from the Department of Health and Human Services (HHS) and the Department of Justice, which have called for the reclassification of cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).

“We value the Department of Justice's steadfast commitment to prevent the misuse and diversion of controlled substances that pose a threat to public health," Nadler and Pallone wrote.

The lawmakers applauded the Biden administration for initiating the review and urged the DEA to “swiftly complete this process and transfer marijuana to schedule III.”

Push For Full Descheduling

While the immediate focus is on rescheduling to Schedule III, which would loosen some federal restrictions on cannabis, the legislators also urged federal agencies to explore further reform.

They said that “continuing to assess whether schedule IV, schedule V, or descheduling may be appropriate” could be the next step in aligning cannabis policy with evolving scientific and medical understanding.

Descheduling, which would remove cannabis from the CSA entirely, remains a key objective for many advocates and lawmakers, including Nadler, who has previously sponsored the MORE Act – a bill that would result in full legalization.

Election-Year Focal Point

The timing of the lawmakers' push comes as cannabis policy increasingly takes center stage in U.S. election politics. Both major parties are positioning themselves on the issue as the 2024 presidential election approaches.

However, final action on the rescheduling is not expected until after November, with the DEA scheduling an administrative hearing on the matter for December 2. This hearing will allow for further input from experts and stakeholders before the agency potentially finalizes its decision.

Read Next:

  • DEA Boosts Psychedelics Production For Research, Cannabis Quotas Hold Steady Ahead Of Rescheduling

Continue Reading...

Popular

Tesla recalling almost 700,000 vehicles due to tire pressure monitoring system issue

Tesla is recalling almost 700,000 vehicles because of an issue with the warning light on the tire pressure monitoring system.

Millions of people may get expanded Social Security benefits. Who are they and how would it happen?

ATLANTA (AP) — Nearly 3 million people could receive a boost in payments under legislation set for a final Senate vote in the coming days.

"This Will Be Worse Than the Great Depression, the Dot-Com Crash, and the 2008 Crisis Combined" - Ad

According to Dan Ferris, who has predicted nearly every major market crisis of the last 25 years, a new crisis in the US economy could soon cost you 50% of your portfolio or more if you don't prepare your wealth now. Especially if you're sitting on large gains.

Edmunds: The best midsize SUVs for families in 2025

Along with smartphones and streaming subscriptions, the three-row SUV is now a staple of American family life. And since nearly every automaker sells one, choosing the right one can feel overwhelming.

PEPE Surges 27% Over The Week Powered By Crypto Exchange Listings As Dogecoin, Shiba Inu Get Left Behind

Frog-themed cryptocurrency Pepe (CRYPTO: PEPE) was one of the most successful meme coins over the last week, outperforming the more names in the field. 

Trump's Shocking Plan to Go All-in on Radical New "Quantum Energy"? - Ad

It's 17,000 times more powerful than gas... 2.75 million times more powerful than coal... and a staggering... 3 million times more powerful than oil. It could also save the United States as much as $2.2 trillion every year in energy costs. It's no wonder this incredible new energy source is a major Trump priority.

Pelosi Hospitalized After Injuring Hip During Luxembourg Trip

Nancy Pelosi has been hospitalized after sustaining an injury during an official trip to Luxembourg.

Miami judge approves bail for wealthy Alexander twins in state rape case

WEST PALM BEACH, Fla. (AP) — A judge in Miami granted bail Friday to a prominent real estate broker and his twin brother, who are facing . However, they won't be released from custody while facing a separate federal sex trafficking case with another brother.

Media Humiliated: Demo of Elon's Tech Proves They're Wrong - Ad

It's smaller than a quarter, but it could power Elon Musk's next AI revolution... A revolution he believes will be worth more than $9 trillion. Believe it or not, this device could even help put an extra $30k in your pocket every year outside of the markets.

Analyst: Bitcoin's Potential Surge To $800,000 In 2025 Tied To Trump's Policies, Says This Analyst

Perianne Boring, a crypto lobbyist who is CEO of The Digital Chamber, says that Bitcoin‘s (CRYPTO: BTC) value could potentially skyrocket to $800,000 next year.

Trudeau's Government Loses A Top Negotiator Ahead Of Trump's Second Term

Chrystia Freeland, Canadian Finance Minister and Deputy PM, resigns over disagreements with Justin Trudeau on anticipated U.S. tariffs. USD/CAD rose 0.11%.

Sell Nothing. Retire Early. Mission Complete. - Ad

What if you could retire in 3 years instead of 10-15? While everyone is trying to trade the market and gamble on poop coins and meme coins, some people are using a little known method to actually earn passive returns. We probably have 3 years to exploit this before the party is over. That's plenty of time to retire early in crypto.

Senate report alleges Amazon rejected warehouse safety recommendations due to productivity concerns

At least two internal Amazon studies found a link between how quickly perform tasks and workplace injuries, but the company rejected many safety recommendations out of concern the proposed changes might reduce productivity, according to a .

Trump Meets TikTok CEO Shou Zi Chew At Mar-A-Lago As Platform Urges Supreme Court To Block Looming Ban

President-elect Donald Trump met with TikTok CEO Shou Zi Chew as the ByteDance-owned platform urges the U.S. Supreme Court to block a looming ban that could take effect on Jan. 19, threatening billions in revenue and impacting small businesses.

Nixon's Revenge From Beyond the Grave - Ad

He's known as the most disgraced president in U.S. history. But there's another story about Richard Nixon... a totally different story from 51 years ago... that you haven't been told... that would have made him a true American hero forever. Now... in a strange twist of fate... this same story could also give investors the chance to become wealthy beyond compare starting in 2025.

2024 was big for bitcoin. States could see a crypto policy blitz in 2025 in spite of the risks

HARRISBURG, Pa. (AP) — The new year will usher in the bitcoin-friendly administration of President-elect Donald Trump and an expanding lobbying effort in statehouses that, together, could push states to become more open to crypto and for public pension funds and treasuries to buy into it.

Buffett, Bloomberg, & 48 Congress Members Are Buying 1 Sector - Ad

Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, "The Walmart Family", Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market... The last time we saw the world's wealthiest investors move their cash into this corner of the market, Stocks exploded 2,020%, 5,609% Even as high as 8,437% in just ONE year. Now, it's all happening again.

What's Going On With Viking Therapeutics Stock On Wednesday?

Merck partners with Hansoh Pharma for GLP-1 drug development, while analysts highlight Viking's obesity assets as key for future growth.

Time Magazine's "Armageddon Man" Goes Rogue - Ad

He's worked side-by-side with Warren Buffett, Alan Greenspan, Ron Paul and Jim Rickards... and he's written several #1 best-selling investment books. Now he's sharing the most exciting opportunity of his three-decade-career. Early investors can target up to 10X returns in 2 years from a play NOBODY else is talking about.

A Southwest jet and a small plane wound up on the same runway after being cleared to land

WASHINGTON (AP) — A Southwest Airlines jet wound up on the same runway with a small private plane that had stopped after an air traffic controller cleared both planes to land on the same California runway in October, according to federal investigators.

What's Going On With Portage Biotech Shares Tuesday?

Portage Biotech stock is trading higher after the company announced it signed a letter of intent with Immunova for the potential sale of its subsidiary.

Man Who Called Nvidia Says "Buy These Five AI Stocks." - Ad

In 2016, Jeff Brown called Nvidia at a split-adjusted 66 cents. The company just became the world's third $3 trillion company...And the stock is up massively since Jeff's recommendation. Now, Jeff has found five under-the-radar stocks which could power your retirement. And it's in large part because these companies are connected to Elon Musk and Nvidia.

How to avoid financial stress during the holiday season

NEW YORK (AP) — The holidays are meant to be a time of celebration with family and friends. But they can also bring pressure to spend money on gifts, gatherings and plane tickets home, exacerbated by , social media influencers and family expectations.

Warren Buffett Said An Unusual Amount Of People Look At Berkshire Stock As A Savings Account, Here Is What The Oracle Of Omaha Recommends Investing Novices Do

Warren Buffett advises novice investors to focus on understanding investments, avoid debt, prioritize quality over price, save for downturns, and harness the power of patience and compounding for long-term wealth building.

Tech Funds Are Hemorrhaging Cash: Sell This Stock Now - Ad

U.S. technology funds are HEMORRHAGING cash. It's the biggest selloff since the 2022 bear market. A 50-year Wall Street veteran just explained everything you need to know. For now, he's pounding the table on the No. 1 tech stock to BUY before 2024 comes to an end... And the No. 1 tech stock Wall Street says to sell NOW.

BMW Takes Down Appreciation For Tesla FSD, Dashing Hopes Of A Licensing Deal With The EV Giant: Elon Musk Says 'Too Bad'

German automaker BMW on Wednesday took down its appreciation for Tesla's full self-driving (FSD) driver assistance system without an explanation, merely hours after posting it on X.

Trump on Assad's Fall: Putin 'Was Not Interested In Protecting Him Any Longer'

President-elect Trump weighed in on the fall of Bashar Assad after a rebel group seized control of Damascus, ending five decades of Assad family rule.

Do NOT Buy Nvidia, Apple, Microsoft, Meta, Tesla, or ANY Major Tech Stock... - Ad

31 billionaires (including: Warren Buffett, Elon Musk, Jeff Bezos, and more) are quietly unloading shares of their OWN stocks at RECORD pace... But why? Wall Street legend Eric Fry says it's because, soon: "America's most popular stocks like Nvidia, Apple, Meta, Tesla, and thousands more... are set to come plummeting back to Earth." Erasing YEARS of investor profits... Sparking a $17 trillion PANIC on Wall Street...

As data centers proliferate, conflict with local communities follows

ALEXANDRIA, Va. (AP) — Richard Andre Newman thought he would live the rest of his life in his quiet, leafy neighborhood in suburban . He was born and raised in Bren Mar Park, where children ride their bikes and neighbors wave hello.

SolarEdge Poised For Growth Amid Cost Cuts, While Canadian Solar Faces US Policy Headwinds: Goldman Sachs

Goldman Sachs analyst Brian Lee revised ratings for residential solar stock, upgrading SolarEdge and downgrading Canadian Solar due to policy risks.

Trump's New "AI Economy" Could Mint 22,000 New American Millionaires Every 30 Days - Ad

A tidal wave of new AI wealth is about to flow into the economy. However, the biggest gains may no longer come from the usual hot AI stocks you've been hearing lately. We reveal how you can get the names of all the stocks you should get into now for the biggest investment opportunities of your life.

Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

WASHINGTON (AP) — Federal Reserve officials on Wednesday will likely signal a slower pace of interest rate cuts next year compared with the past few months, which would mean that Americans might enjoy only slight relief from still-high borrowing costs for mortgages, auto loans and credit cards.

Drone sightings lead to airspace shutdown at Ohio military base, arrests near Boston airport

BOSTON (AP) — More suspected in the eastern U.S. led to a temporary airspace shutdown at an Air Force base in Ohio and arrests near Boston's Logan International Airport, as elected officials to identify and stop the mysterious unmanned flights.

There's Only ONE AI Company That Matters - Ad

It's not Nvidia, AMD, IBM, or any new startup. It's not even an artificial intelligence company... yet it holds the key to the entire AI market. Get all the details of the critical technology that the entire AI sector needs to survive.

Amazon Shareholders Propose Adding Bitcoin To Treasury For 'Best' Long-Term Interest, Cite Michael Saylor's MicroStrategy As Example

Following in the footsteps of other Wall Street giants, shareholders of online retail giant Amazon.com Inc. (NASDAQ:AMZN) urged the firm Sunday to consider a Bitcoin (CRYPTO: BTC) treasury strategy to enhance shareholder va

Broadcom's AI Chip Leadership Puts Pressure on Nvidia and Marvell, Analysts Say

Broadcom Inc (AVGO) stock surged on better-than-expected earnings and dividend raise, but missed revenue expectations. Analysts remain bullish on its AI and custom chip growth prospects.

Wall St Legend: Buy This Stock Before Inauguration - Ad

This is the best election year for stocks since 1936. But according to one 50-year insider, not everything is as rosy as it seems on Wall Street...

Australia is banning social media for people under 16. Could this work elsewhere -- or even there?

It is an ambitious social experiment of our moment in history — one that experts say could accomplish something that parents, schools and other governments have attempted with varying degrees of success: keeping kids .

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright activatrade.ca
Privacy Policy | Terms of Service