New York Senator Chuck Schumer (D) responded to Wednesday's news that the Dept. of 

Health and Human Services wrote to DEA administrator Anne Milgram calling for marijuana to be reclassified as a Schedule III drug under the Controlled Substances Act. 

Cannabis's classification as a Schedule I substance deems that it has no medical benefits and places it in the same category as high-risk drugs like heroin. It also makes marijuana federally illegal, which implies numerous restrictions, one of which is depriving legal weed companies of access to banking services normally provided to businesses of all shapes and sizes.

Schumer has often spoken about the crucial importance of rescheduling cannabis.  

On Wednesday …

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