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NBC Meet the Press

Meet the Press NOW — May 3

May 3, 2024
Cindy McCain warns of a 'full-blown famine' in Northern Gaza. Talks on ceasefire deal for Hamas hostages. Hope Hicks testifies at Trump's trial. Rep. Henry Cuellar indicted for bribery. Rhonda Colvin, Joe Crowley, and Lance Trover join roundtable.
49:42

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Quick takeaways

  • Reclassifying marijuana to Schedule 3 acknowledges its medicinal properties, supporting economic growth for cannabis businesses.
  • Rescheduling marijuana unlocks new economic opportunities, facilitates research efforts, and boosts public acceptance of its medical value.

Deep dives

Administration Plans to Reclassify Marijuana

The Biden administration plans to reclassify marijuana from a Schedule 1 drug to a Schedule 3 drug, signaling recognition of its potential medical benefits. This shift will impact cannabis businesses, allowing them to deduct business expenses, and potentially accelerate medical research. Congressman Earl Blumenauer views this as a pivotal decision after decades of advocacy for cannabis reform.

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