The Biden administration announced Thursday that it’s officially moving forward with a proposal to reclassify marijuana from Schedule I to Schedule III.

The Justice Department submitted the Notice of Proposed Rulemaking to the Office of the Federal Register and, if approved, the rescheduling would limit the punishment for those who are in possession of marijuana when it comes to a federal crime.

ABC News reported earlier this month the DEA was planning to reschedule marijuana.

This is a developing story. Please check back for updates.

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