The proposed change could lift an income tax burden that wipes out most licensed marijuana retailers’ earnings.

As the U.S. government moves toward reclassifying marijuana as a less dangerous drug, there may be little immediate impact in the dozen states that have not already legalized cannabis for widespread medical or recreational use by adults.

A federal proposal to reclassify marijuana as a less dangerous drug has raised the hopes of some pot backers that more states will embrace cannabis

The US Drug Enforcement Administration (DEA) is expected to reclassify marijuana as a less dangerous drug, a move that could have far-reaching implications across the country. Currently, marijuana is classified as a Schedule I controlled substance,