Summary: Reclassifying marijuana as a Schedule III substance or lower would have a significant benefits to the budding marijuana industry and individual users. Marijuana deregulation sits squarely within the control of the executive. The president should use his executive powers to allow for intelligent enforcement for drug policy without eroding the rule of law. "What the President Should Do" is a new series by the Cato Institute discussing what President Obama can do using executive authority his final year in office to make the U.S. a freer and happier place. More from Ilya Shapiro on the topic of declassifying Marijuana: http://www.cato.org/multimedia/daily-podcast/presidential-power-reschedule-marijuana http://www.cato.org/research/drug-war http://www.cato.org/people/ilya-shapiro Produced by Caleb O. Brown, Cory Cooper, and Tess Terrible.
