DEA Marijuana Rescheduling Likely By Next Year, Says Former FDA Official

Zinger Key Points
  • Former FDA official would be 'shocked' if the DEA does not reschedule cannabis by next year's presidential election.
  • Meanwhile, after Ohio's legalization decision, Biden spokesperson says 'nothing has changed' in the Pres's cannabis stance.

A former Food and Drug Administration (FDA) official says he’d be "shocked" if the DEA does not reschedule cannabis by next year's presidential election, and that he expects the DEA will ultimately accept the recent Health and Human Services’ recommendation to ease restrictions on cannabis by reclassifying it as a Schedule III drug under the Controlled Substances Act.

“I would be really shocked if it took the DEA longer than the second quarter of next year to come up with its final rule,” said Howard Sklamberg, former FDA deputy commissioner for global regulatory operations and compliance. “Even when I was at FDA, we knew that important regulations that you wanted to get done in an election year, you want to get done by the summer before,” reported Marijuana Moment. 

What Is The President Waiting For?

Many political observers, and probably millions of voters, wonder what is going through President Biden’s head as the vast majority of the country shows support for marijuana legalization, Sklamberg also sounded dismayed.

After Ohio's historic decision on Tuesday to legalize recreational cannabis, more than half of the country now resides in a legal weed state, having gone from 49.2% of the population to 52.7%, and up to 80% if medical marijuana states are added in. And then there's a Gallup poll that came out this week, which showed that seven in 10 Americans of all political, racial, gender and demographic stripes now think marijuana use should be legal. Yet, President Biden's spokesperson said on Wednesday after Ohio's vote that “The president put out his stance on marijuana about a year and a half ago. Nothing has changed there.”

Read more about Howard Sklamberg at Marijuana Moment

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisGovernmentNewsRegulationsPoliticsFDAMarketsGeneralcannabis legalizationDEAHoward Sklamberg
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...