https://reason.com/2023/08/31/what-rescheduling-marijuana-would-and-wouldnt-do/

"The Department of Health and Human Services (HHS) this week recommended that the Drug Enforcement Administration (DEA) move marijuana from Schedule I of the Controlled Substances Act, the most restrictive category, to Schedule III, where it would join medications such as Tylenol with codeine, buprenorphine, and anabolic steroids."

"But if cannabis is eventually moved to Schedule III, that change would signal a new understanding of the drug's risks and benefits. It also would facilitate cannabis research, and it would have important tax implications for state-licensed marijuana businesses. At the same time, it would leave federal marijuana prohibition essentially untouched."