‘Rescheduling’ Marijuana? What Would That Mean?: QuickTake

Marijuana is now legal in 24 US states for recreational purposes and in 38 states for medical reasons, but it’s still illegal at the federal level. The Department of Justice has thrown its support behind an effort to remove pot from a list of the most dangerous type of controlled substances. The proposal, which is far from a done deal, would leave recreational use of marijuana illegal under federal law. It could help companies engaged in the legal pot industry compete against illicit sellers, though it wouldn’t solve their problems gaining access to banking and credit services.

What’s the proposal ...