DEA to make long-awaited marijuana announcement Thursday

A long-awaited decision that could determine the future of the U.S. marijuana industry is expected Thursday.

The Drug Enforcement Administration said late Wednesday that it would publish its response to a congressional petition to reschedule marijuana in the Federal Register on Thursday morning.

The announcement could have far-reaching implications for the industry, particularly if the agency chooses to change the way it regulates marijuana. Marijuana is currently filed under Schedule I, meaning it has a high potential for abuse and has no accepted medical value.

The DEA’s response could move the drug to a less-restrictive schedule, which would allow more research under continued regulation.

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