See multiple perspectives from Axios, Wall Street Journal (News), and Fox News (Online News) at AllSides.com.
The DEA's proposal, which has yet to be finalized and will undergo a 60-day review period, suggests moving marijuana from its Schedule I narcotic status — alongside heroin and LSD — to Schedule III, which covers drugs such as ketamine and codeine. The policy change has spurred reactions in the cannabis industry, and several marijuana stocks rose by up to 25%.
How the Media Covered It: News coverage was common across the spectrum, with several mainstream outlets rated Lean Left and Center publishing analyses of the policy’s consequences on Wednesday. Coverage of the DEA’s critics varied across the spectrum, seemingly regardless of partisanship.
Why it matters: The U.S. cannabis industry needed a win, just days after one of its best-known companies, MedMen, filed for bankruptcy protection.
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