US Senate bill more details and link to Bloomberg Taking marijuana off the list of controlled substances, rather than simply re-listing it as a less dangerous drug or decriminalizing possession, would remove the most difficult regulatory burdens from U.S. marijuana companies, allowing them to take tax deductions, hold bank accounts and loans, and list on U.S. stock exchanges such as the Nasdaq and the NYSE.
The bill would give the FDA oversight not just of pharmaceutical products that involve cannabis, but also of food products, the person said. As of the most recent draft, it was unclear whether premarket approvals would be needed for cannabis products.
https://www.bloomberg.com/news/articles/2021-07-13/schumer-s-pot-bill-said-to-open-up-banking-stock-exchanges