DEA plans to reclassify marijuana to a less dangerous drug; daily marijuana use surpasses alcohol.

From CNBC: 2024-05-23 15:15:16

The U.S. Drug Enforcement Administration plans to reclassify marijuana to a Schedule III controlled substance, a less dangerous drug compared to its current Schedule I classification.

Daily marijuana use in the U.S. now surpasses daily alcohol consumption, with roughly 17.7 million cannabis users and 14.7 million drinkers. This shift is more prevalent among younger generations.

As the DEA is expected to reclassify marijuana, cannabis companies like Tilray and Canopy Growth stand to benefit, while the alcohol industry may face challenges due to changing consumption trends among younger consumers.



Read more at CNBC: Daily marijuana use surpasses alcohol consumption, new study finds