Title: Schumer Cheers DEA’s Move on Cannabis, Pushes for More Comprehensive Reforms Senate Majority Leader Chuck Schumer has welcomed the DEA’s plan to reclassify cannabis from Schedule I to Schedule III as a historic but initial step in broader cannabis reform efforts. While this reclassification under the Controlled Substances Act marks progress, it stops short of federal legalization, mainly easing some financial burdens for state-licensed cannabis businesses by allowing federal tax deductions.However, Schumer stresses the need for more extensive legislation, supporting the SAFER Banking Act and the Cannabis Administration and Opportunity Act (CAOA), which seek to deschedule cannabis federally, fully lifting prohibitions and addressing the inequities created by the War on Drugs. So much more work to be done, but a historic moment nonetheless! https://www.marijuanamoment.net/schumer-says-dea-marijuana-rescheduling-decision-is-historic-but-he-remains-strongly-committed-to-passing-banking-and-legalization-bills/