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The Economic Times

Economy / The Economic Times

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US to loosen marijuana rules in major shift for $47 billion industry

The United States Department of Justice is easing rules on certain marijuana items. The drug will be reclassified as less dangerous. This significant policy shift impacts the multi-billion dollar cannabis industry. It aims to reduce research barriers and tax burdens. This move aligns federal policy with scientific and medical understanding. It also addresses patient needs across the nation.

24 Apr 2026 9:05 am