Yes, the Biden administration initiated the process to reschedule marijuana from a Schedule I to a Schedule III drug, a move formally proposed by the Justice Department in May 2024. This action aims to recognize medical use and lower the risk profile, moving it away from categories with no currently accepted medical use.

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Key Aspects of the Biden Administration's Actions:
- Initial Move (2022): In October 2022, President Biden directed the Department of Health and Human Services (HHS) and the Department of Justice (DOJ) to review marijuana's scheduling under the Controlled Substances Act.
- HHS Recommendation (2023): In August 2023, HHS recommended to the Drug Enforcement Administration (DEA) that marijuana be moved to Schedule III.
- Proposed Rule (2024): In May 2024, the Justice Department submitted a formal proposal to reclassify marijuana to Schedule III.
- Status of the Process: The DEA scheduled a hearing on this proposal for early 2025, but this was postponed due to ongoing legal reviews shortly before the administration ended.