{"id":236265,"date":"2022-10-07T10:28:45","date_gmt":"2022-10-07T15:28:45","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=236265"},"modified":"2022-11-07T10:48:36","modified_gmt":"2022-11-07T16:48:36","slug":"marijuana-rescheduling-odds-remain-long-despite-pardons","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/","title":{"rendered":"Marijuana Rescheduling Odds Remain Long Despite Presidential Pardons"},"content":{"rendered":"

The odds of marijuana being rescheduled in the federal Controlled Substances Act remain long. That’s despite President Joe Biden this week announcing pardons for thousands of Americans convicted of “simple possession” of the drug.<\/p>\n

\"cannabis
President Joe Biden this week issued pardons for people federally convicted of “simple possession” of marijuana. But cannabis, bettors say, will remain a Schedule 1 narcotic for the foreseeable future. (Image: NORML)<\/figcaption><\/figure>\n

Biden on Thursday announced pardons for people who faced federal prosecution for possessing cannabis, which the Controlled Substances Act maintains is a Schedule 1 narcotic. That’s the same classification as heroin, LSD, and ecstasy, which the federal government says “have no currently accepted medical use” and have a “high potential for abuse.”<\/p>\n

\n

Too many lives have been upended because of our failed approach to marijuana,” the president declared. “It’s time we right these wrongs.”<\/strong><\/p>\n<\/blockquote>\n

Righting those wrongs, political bettors believe, won’t include reclassifying cannabis on the federal level.<\/p>\n

Odds Remain Long<\/b><\/h2>\n

Political betting exchange PredictIt last year launched markets on the odds of cannabis being rescheduled. That’s after Sen. Chuck Schumer (D-New York), the Senate\u2019s top Democrat, unveiled a proposal to decriminalize marijuana<\/a>.<\/p>\n

Schumer, in July 2021, said rescheduling marijuana would be “a priority in the Senate.” More than a year later, the Senate hasn’t voted on a bill to strip cannabis as a Schedule 1 drug.<\/p>\n

The US House of Representatives passed the Marijuana Opportunity Reinvestment and Expungement Act (MORE Act) in 2020. The legislation removes cannabis as a Schedule 1 narcotic in the Controlled Substances Act and eliminates federal criminal penalties for an individual who manufactures, distributes, or possesses marijuana.<\/strong><\/p>\n

The Senate doesn’t have the benefit the House does of being controlled by Democrats, the party that is much more willing to consider removing cannabis from the Controlled Substances Act. The Senate is, instead, deadlocked amid a party split, hence the inaction of the MORE Act in the upper congressional chamber.<\/p>\n

With Republicans remaining unwilling to take up the cannabis debate, PredictIt bettors don’t believe the chances are good that cannabis rescheduling will occur before 2023.<\/p>\n

\n

“Will marijuana be rescheduled under the Controlled Substances Act in 2022?” has “yes” shares trading at just 11 cents.<\/p>\n<\/div>\n

Those shares climbed 2 cents since Biden announced cannabis pardons. More than 27K shares of the market were traded on Thursday.<\/p>\n

There are two avenues to rescheduling cannabis. Either Congress can pass legislation to reschedule the drug, or federal courts can rule that the government’s classification is illegal.<\/p>\n

The US Court of Appeals for the Second Circuit in New York City last month considered a lawsuit challenging the federal classification. Numerous states have ruled that cannabis indeed has medicinal purposes<\/a>. The appeals court ruled that while cannabis being a Schedule 1 narcotic might be “irrational,” it is not unconstitutional.<\/p>\n

Employment, Housing Relief<\/b><\/h2>\n

Biden’s pardon will ease the process of gaining employment, housing, and education for those who have federal cannabis convictions.<\/p>\n

“My action will help relieve the collateral consequences from these convictions,” Biden said.<\/p>\n

\n

The presidential pardon doesn’t cover convictions for possession of other drugs, or for convictions related to producing or possessing marijuana with an intent to deliver. Noncitizens who have been convicted of simple cannabis possession are also not included in the pardon.<\/p>\n<\/div>\n

In the coming weeks, the Justice Department will issue certificates of pardon for those included in the mass amnesty.<\/p>\n","protected":false},"excerpt":{"rendered":"

The odds of marijuana being rescheduled in the federal Controlled Substances Act remain long. That’s despite President Joe Biden this week announcing pardons for thousands of Americans convicted of “simple possession” of the drug. Biden on Thursday announced pardons for people who faced federal prosecution for possessing cannabis, which the Controlled Substances Act maintains is […]<\/p>\n","protected":false},"author":25,"featured_media":236275,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[83553,61],"tags":[82117,82358,82119],"acf":[],"yoast_head":"\nMarijuana Rescheduling Odds Remain Long Despite Biden Pardons<\/title>\n<meta name=\"description\" content=\"The odds of marijuana being rescheduled in the federal Controlled Substances Act remain long despite President Joe Biden's pardons.\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Marijuana Rescheduling Odds Remain Long Despite Biden Pardons\" \/>\n<meta property=\"og:description\" content=\"The odds of marijuana being rescheduled in the federal Controlled Substances Act remain long despite President Joe Biden's pardons.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2022-10-07T15:28:45+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-11-07T16:48:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/joe-biden-marijuana.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"800\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Devin O'Connor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@CasinoorgDevinO\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Devin O'Connor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/\",\"url\":\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/\",\"name\":\"Marijuana Rescheduling Odds Remain Long Despite Biden Pardons\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/joe-biden-marijuana.jpg\",\"datePublished\":\"2022-10-07T15:28:45+00:00\",\"dateModified\":\"2022-11-07T16:48:36+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\"},\"description\":\"The odds of marijuana being rescheduled in the federal Controlled Substances Act remain long despite President Joe Biden's pardons.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/joe-biden-marijuana.jpg\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/joe-biden-marijuana.jpg\",\"width\":1200,\"height\":800,\"caption\":\"President Joe Biden this week issued pardons for people federally convicted of \\\"simple possession\\\" of marijuana. But cannabis, bettors say, will remain a Schedule 1 narcotic for the foreseeable future. (Image: NORML)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"News\",\"item\":\"https:\/\/www.casino.org\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Politics\",\"item\":\"https:\/\/www.casino.org\/news\/politics\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Marijuana Rescheduling Odds Remain Long Despite Presidential Pardons\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.casino.org\/news\/#website\",\"url\":\"https:\/\/www.casino.org\/news\/\",\"name\":\"Casino.org\",\"description\":\"Latest Casino and Gaming News\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.casino.org\/news\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf\",\"name\":\"Devin O'Connor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png\",\"caption\":\"Devin O'Connor\"},\"description\":\"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.\",\"sameAs\":[\"https:\/\/www.linkedin.com\/in\/devinoconnor\/\",\"https:\/\/x.com\/CasinoorgDevinO\"],\"url\":\"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Marijuana Rescheduling Odds Remain Long Despite Biden Pardons","description":"The odds of marijuana being rescheduled in the federal Controlled Substances Act remain long despite President Joe Biden's pardons.","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Marijuana Rescheduling Odds Remain Long Despite Biden Pardons","og_description":"The odds of marijuana being rescheduled in the federal Controlled Substances Act remain long despite President Joe Biden's pardons.","og_url":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/","og_site_name":"Casino.org","article_publisher":"https:\/\/www.facebook.com\/Casino.OrgNews","article_published_time":"2022-10-07T15:28:45+00:00","article_modified_time":"2022-11-07T16:48:36+00:00","og_image":[{"width":1200,"height":800,"url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/joe-biden-marijuana.jpg","type":"image\/jpeg"}],"author":"Devin O'Connor","twitter_card":"summary_large_image","twitter_creator":"@CasinoorgDevinO","twitter_site":"@Casino_Org","twitter_misc":{"Written by":"Devin O'Connor","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/","url":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/","name":"Marijuana Rescheduling Odds Remain Long Despite Biden Pardons","isPartOf":{"@id":"https:\/\/www.casino.org\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#primaryimage"},"image":{"@id":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#primaryimage"},"thumbnailUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/joe-biden-marijuana.jpg","datePublished":"2022-10-07T15:28:45+00:00","dateModified":"2022-11-07T16:48:36+00:00","author":{"@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf"},"description":"The odds of marijuana being rescheduled in the federal Controlled Substances Act remain long despite President Joe Biden's pardons.","breadcrumb":{"@id":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#primaryimage","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/joe-biden-marijuana.jpg","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2022\/10\/joe-biden-marijuana.jpg","width":1200,"height":800,"caption":"President Joe Biden this week issued pardons for people federally convicted of \"simple possession\" of marijuana. But cannabis, bettors say, will remain a Schedule 1 narcotic for the foreseeable future. (Image: NORML)"},{"@type":"BreadcrumbList","@id":"https:\/\/www.casino.org\/news\/marijuana-rescheduling-odds-remain-long-despite-pardons\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"News","item":"https:\/\/www.casino.org\/news\/"},{"@type":"ListItem","position":2,"name":"Politics","item":"https:\/\/www.casino.org\/news\/politics\/"},{"@type":"ListItem","position":3,"name":"Marijuana Rescheduling Odds Remain Long Despite Presidential Pardons"}]},{"@type":"WebSite","@id":"https:\/\/www.casino.org\/news\/#website","url":"https:\/\/www.casino.org\/news\/","name":"Casino.org","description":"Latest Casino and Gaming News","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.casino.org\/news\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/02b4fee8814a4003903b0021bffb4ebf","name":"Devin O'Connor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.casino.org\/news\/#\/schema\/person\/image\/","url":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","contentUrl":"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2023\/03\/cropped-4-1-96x96.png","caption":"Devin O'Connor"},"description":"Devin O'Connor is a senior reporter for Casino.org, covering politics, casino business, entertainment and gaming news on the East Coast. Devin's passion for politics and background in the world of pop culture television gives him insight into the gaming industry backstories that often drive news these days. After graduating from Penn State University with a theater arts degree, he worked at MTV Networks\/Viacom from 2005 to 2010 as a writer and producer. His credits included Total Request Live, New Year's Eve specials, and a special featuring poker superstar Daniel Negreanu. He later moved on to the HGTV\/DIY Network, where he created, wrote, and produced three series specials: That's So House Hunters, That's So 80s, and That's So 90s. Devin came on board with Casino.org in 2014. He lives in Pennsylvania and is an avid marathoner, having completed 15 races. Contact Devin at devin.oconnor@casino.org.","sameAs":["https:\/\/www.linkedin.com\/in\/devinoconnor\/","https:\/\/x.com\/CasinoorgDevinO"],"url":"https:\/\/www.casino.org\/news\/author\/devin-oconnor\/"}]}},"_links":{"self":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/236265"}],"collection":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/users\/25"}],"replies":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/comments?post=236265"}],"version-history":[{"count":0,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/posts\/236265\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media\/236275"}],"wp:attachment":[{"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/media?parent=236265"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/categories?post=236265"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.casino.org\/news\/wp-json\/wp\/v2\/tags?post=236265"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}