What marijuana reclassification means for Colorado
By John Frank
Published on April 23, 2026.
The US government has ordered the reclassification of FDA-approved and state-licensed marijuana, a move that could boost Colorado's medical retailers and make it easier for researchers to study medicinal applications. The move is seen as a significant step towards rescheduling marijuana as a less dangerous drug. The most immediate impact is on state-regulated medical marijuana businesses, which now can make tax deductions from their income under federal law. The Department of Justice is set to review the drug's classification later this year and could result in looser restrictions on the drug.
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