The federal government classified cannabis as a Schedule I drug in 1970. But how much of an impact would proposed changes have on laws?
The federal government first classified cannabis as a Schedule I drug back in 1970 with the Controlled Substances Act. For years, it sat alongside heroin on the same list under federal law.
"It's certainly a big deal that a federal agency is finally admitting that cannabis does not belong on Schedule 1 of the Controlled Substances Act," Fox said. Fox says the biggest impact would likely be on cannabis business owners who may be eligible for more tax breaks and perhaps some academic researchers. However, the schedule switch would still make it illegal at the federal level.DEA timelineFox says there are big questions if the DEA will even go through with a classification change. After all, the agency has rejected it before. It's why he believes Congress needs to step in.
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