ABA Banking Journal
No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
SUBSCRIBE
ABA Banking Journal
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive
No Result
View All Result
No Result
View All Result
Home Compliance and Risk

Agencies ease federal restrictions on state-regulated marijuana products

April 23, 2026
Reading Time: 1 min read
Report: Biden administration to ease federal marijuana restrictions

The Department of Justice and Drug Enforcement Administration today announced they have reclassified marijuana and marijuana products regulated by state medical licenses as Schedule III drugs, which will expand their availability for medical purposes.

State-licensed marijuana is reclassified from Schedule I to Schedule III of the Controlled Substances Act by the order, which also initiates a new process to consider rescheduling marijuana more broadly. Officials in 2024 previously proposed reclassifying marijuana so it is no longer a strictly controlled Schedule I drug but instead a Schedule III drug, which has fewer restrictions. Examples of Schedule III drugs are testosterone and Tylenol with codeine. President Trump last year issued an executive order directing the attorney general’s office to expedite the rescheduling of marijuana.

In a statement, the DOJ said the new order “recognizes the longstanding regulation of medical marijuana by state governments and the need for a common-sense approach to this reality.”

The rescheduling only applies to marijuana products regulated by states. The DOJ and DEA will hold a hearing on June 29 to consider reclassifying marijuana more broadly as a Schedule III drug.

Tags: Marijuana
ShareTweetPin

Related Posts

ABA urges FinCEN to reevaluate BOI collection burden on banks

FinCEN renews Minnesota geographic targeting order

Compliance and Risk
August 7, 2026

FinCEN renewed a geographic targeting order requiring certain banks and money transmitters located in Hennepin and Ramsey counties, which include Minneapolis and St. Paul, to report additional information for transactions of $3,000 or more to recipients outside the...

Consumer credit increased in March

Fed: Consumer credit increased 2.6% in Q2

Economy
August 7, 2026

Consumer credit increased at a seasonally adjusted annual rate of 2.6% in the second quarter, with revolving and nonrevolving credit increasing 3.9% and 2.1%.

New York Fed: Consumer inflation expectations mostly hold steady

New York Fed: Inflation expectations improved in July

Economy
August 7, 2026

Consumer inflation expectations in July decreased slightly at the short-term horizon and remained unchanged at the medium- and longer-term horizons, the Federal Reserve Bank of New York said in its most recent Survey of Consumer Expectations.

Trump removes Harper, Otsuka from NCUA board

Senate confirms Crews to NCUA board

Newsbytes
August 7, 2026

The Senate confirmed John Crews as a member of the National Credit Union Administration board as part of a block of nominations up for consideration. In his new position, Crews will likely lead the agency.

CFPB releases mortgage servicing proposal, overhauls loss mitigation framework

ABA offers recommendations for changes to mortgage disclosures

Mortgage
August 7, 2026

ABA recommended targeted reforms to the TILA-RESPA Integrated Disclosure framework to reduce unnecessary compliance burdens, improve disclosure accuracy, streamline mortgage closings, and preserve strong consumer protections.

ABA DataBank: U.S.-Japan intervention supports the yen

ABA DataBank: U.S.-Japan intervention supports the yen

Economy
August 7, 2026

The U.S. and Japan launched a joint intervention to boost the yen after the currency fell to a 40-year low against the dollar, reflecting concerns about Japanese inflation and broader financial market stability.

NEWSBYTES

FinCEN renews Minnesota geographic targeting order

August 7, 2026

Fed: Consumer credit increased 2.6% in Q2

August 7, 2026

New York Fed: Inflation expectations improved in July

August 7, 2026

SPONSORED CONTENT

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

Relationship Banking at Scale: Why Banks Need The Digital Sales & Service Platform

August 1, 2026
Why Your Systems Keep Slowing Down — and What to Do About It

Examiners Are Now Looking at Your Non-Core Systems

June 11, 2026
Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

Your Floorplan Audit and Your Credit Decision Are Weeks Apart. That Gap Has a Price.

June 1, 2026
A Modern Blueprint for Serving High-Net-Worth Families

A Modern Blueprint for Serving High-Net-Worth Families

May 28, 2026

PODCASTS

Podcast: Banking the brave new world of college athletics

August 4, 2026

Podcast: Tactics for meaningful strategic planning

July 28, 2026

Podcast: Why it might be time to revisit a key FDIC ratio

July 23, 2026

American Bankers Association
1333 New Hampshire Ave NW
Washington, DC 20036
1-800-BANKERS (800-226-5377)
www.aba.com
About ABA
Privacy Policy
Contact ABA

ABA Banking Journal
About ABA Banking Journal
Media Kit
Advertising
Subscribe

© 2026 American Bankers Association. All rights reserved.

No Result
View All Result
  • Topics
    • Ag Banking
    • Commercial Lending
    • Community Banking
    • Compliance and Risk
    • Cybersecurity
    • Economy
    • Human Resources
    • Insurance
    • Legal
    • Mortgage
    • Mutual Funds
    • Payments
    • Policy
    • Retail and Marketing
    • Tax and Accounting
    • Technology
    • Wealth Management
  • Newsbytes
  • Podcasts
  • Magazine
    • Subscribe
    • Advertise
    • Magazine Archive
    • Newsletter Archive
    • Podcast Archive
    • Sponsored Content Archive

© 2026 American Bankers Association. All rights reserved.