The Biden Administration has taken a significant step in addressing marijuana policy by rescheduling marijuana to a less dangerous classification. This move is aimed at rectifying the disproportionate impact of cannabis criminalization on communities of color. The Department of Justice's recognition of the need for change aligns with scientific understanding and public opinion. In response, cannabis stocks have surged. Lawmakers, including Senator Chuck Schumer, Senator Cory Booker, and Senator Ron Wyden, have reintroduced the Cannabis Administration and Opportunity Act to push for full legalization. Additionally, there are calls to pass the SAFER Banking Act to provide cannabis businesses with access to banking services and protect retailers.