Will cannabis be removed from Schedule I of the Controlled Substance Act before 2025? [ACX 2024]

Will cannabis be removed from Schedule I of the Controlled Substance Act before 2025?

Resolves the same as the original on Metaculus.

Resolution criteria

This question will resolve Yes if, before January 1, 2025, marijuana is officially classified as something other than a schedule I drug in the US. If it is later reclassified as a schedule I drug, the question still resolves Yes.

Fine print and additional background information can be found on Metaculus.

Once the original resolves, its resolution will be applied to this market automatically. Trustworthy-ish users are encouraged to resolve this market before then if the outcome is known and unambiguous. Feel free to ping @jskf to request early resolution or to report issues.

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bought Ṁ400 YES
bought Ṁ10 NO

Some timeline research:

Updating HCP from schedule III to schedule II was proposed Feb 27, 2014, and came into effect October 6, 2014. That's 7 months, 9 days.

Placing Tramadol on schedule IV was announced Nov 4, 2013, and came into effect on August 18th, 2014 (9 months, 14 days).

Rescheduling buprenorphine from schedule V to schedule III was 6 months, 16 days.

Marinol, schedule II -> III, proposed on Nov 7 1998 and implemented July 2 1999, for 7 months, 25 days.

This is going to be much higher profile (and HCPs/Tramadol are just a couple examples), hard to say what that will mean for the timeline. But if we assume the HCP timeline exactly applies to marijuana, it'll be about 7 months and 9 days, from the announcement to the rescheduling coming into effect.

That's pretty tight. If the announcement is tomorrow, then the change won't be in effect until January 9th. I think it's very likely this will be sped up from Biden administration pressure, but ~80% still seems high to me. Only a 1 in 5 chance that this follows a normal-ish timeline, or is stalled because of controversy?

bought Ṁ30 YES

@DanMan314 Great data points. Does decrease my odds slightly. But those cases came from lowering the schedule (more restrictive). Decreasing it has great public support, and one of the big hurdles here is the public comment phase, e.g. see what happened with Kratom in 2016.

I wrote up my analysis at https://twitter.com/dschwarz26/status/1785402347654692905

@DanSchwarz Nice thread.

I found Marinol, schedule II -> III, proposed on Nov 7 1998 and implemented July 2 1999, for 7 months, 25 days.


@DanSchwarz I'm trying to find more information about the gap between the end of the public comments phase (lasts about a month) and the actual implementation.

The DEA needs to respond to substantive comments, hold hearings, and has some other bureaucratic requirements, but I find nothing that really explains the ~5 months in between the end of the comment phase and implementation?

That's a big unknown to me right now. If the time is essentially explained by "meh, things aren't high priority" we could expect it to be drastically shorter for this.

sold Ṁ939 YES


Breaking news on this:

The critical thing is that the exact timeline of when the rescheduling would happen is still unclear.

But the below question will very likely resolve yes on the official announcement if this story is credible:

And we have this dashboard with other questions: https://manifold.markets/news/legal-weed

Here's another question on if it'll officially happen before election day, ~2 months earlier:

bought Ṁ50 YES

Wouldn’t be surprised if this is Biden’s October surprise to shore up the progressive vote.

bought Ṁ30 NO


bought Ṁ40 YES

I don’t want to leave limit orders up but I’ll buy 12k more yes @ 45%

Metaculus dropped from 38 to 33 👀

sold Ṁ55 NO

Biden might eventually promise to make this happen, but it would still be <50% likely to happen this year.

opened a Ṁ10,000 YES at 50% order

@HankyUSA I bet this up to almost double what it’s at on Metaculus and left a 10k YES order @50% if you want more shares

bought Ṁ500 NO

@june Cool. Thanks. What makes you believe this is more likely than not to happen this year?

bought Ṁ700 YES

@HankyUSA I throw mana around here and there, betting on this or that 🤷‍♀️

@june Put this quote on a shirt

bought Ṁ200 YES

@benshindel I think Biden is pretty clearly floating the idea publicly right now to gauge the response before pulling the trigger. It seems like a low downside, high potential for upside risk to take since if he hasn't pulled ahead of Trump in the next couple months. The public is overwhelmingly pro-legalization.

opened a Ṁ500 YES at 55% order

@benshindel "Keep building public trust, as I’ve been doing by taking executive action on police reform, and calling for it to be the law of the land, directing my Cabinet to review the federal classification of marijuana, and expunging thousands of convictions for mere possession, because no one should be jailed for using or possessing marijuana!" President Biden SOTU 2024.

sold Ṁ420 NO

@becauseyoudo I didn't know that, that changes my perspective

bought Ṁ100 YES

Maybe they'll do this sooner than later, to get Biden a good press cycle?

bought Ṁ500 NO

@Joshua no word yesterday on the State of the Union, very unlikely. They are going to focus on Ukraine, immigration, taxes and abortion

bought Ṁ125 YES

@egroj it would have been a bad time to announce it actually in my opinion, so this doesn't move me much.

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