Dr. Drew reveals potential fallout from DOJ's marijuana reclassification: There are 'real consequences'

Biden admin begins formal process to reclassify marijuana as less dangerous drug

[video_shortcode_video_embed src="https://video.foxbusiness.com/v/video-embed.html?video_id=6353482826112&d=video.foxbusiness.com" itemprop="image" content="https://video.foxbusiness.com/v/video-embed.html?video_id=6353482826112&d=video.foxbusiness.com" data-src="https://video.foxbusiness.com/v/video-embed.html?video_id=6353482826112&d=video.foxbusiness.com"]

Biden moves to reclassify marijuana without support from the DEA

Addiction specialist Dr. Drew Pinsky discusses the implication the president's push will have on 'The Bottom Line.'

Dr. Drew Pinsky – the famed TV personality and addiction specialist – has "very complicated" feelings about a nationwide drug declassification for marijuana.

"I've always taken the position that, I'm not making the laws. The people make the laws, the legislatures make the laws," Dr. Drew said on "The Bottom Line," Wednesday. "But I have to deal with the laws that they provide us. And in California, I've gotten to see firsthand exactly what the consequences are."

Last week, the Biden administration submitted a proposal seeking to begin the formal process of reclassifying marijuana as a less dangerous drug.

The Department of Justice announced that Attorney General Merrick Garland submitted the proposal to the Federal Register, with the intent of having the drug dropped to a Schedule III drug from Schedule I, as classified under the Controlled Substances Act (CSA).

INVESTORS WARY OF U.S. CANNABIS E.T.F.s DESPITE RECENT RALLY

Congress enacted the CSA in 1970, and ever since the act’s establishment, marijuana has been classified as a Schedule I drug, but is currently medically permitted in 38 states and sold recreationally in 24.

Dr Drew on marijuana reclassification

Dr. Drew Pinsky talked about the "big problem" with the federal legalization of marijuana on "The Bottom Line" Wednesday. (Fox News)

"All of us know somebody who smokes weed on a regular basis, and they're fine. Some of them are high profile public figures, no problem. But other people get into serious trouble," Pinsky said before noting that his daughter is recovering from a cannabis addiction.

The "big problem" with the marijuana industry today, according to Pinsky, is that "the cannabis now is 90 to 100% concentrated. Back when we were in high school, when I was in high school, [it] was under 10%. So it's, literally, orders of magnitude more powerful."

Data from recent analysis and studies out of the American Journal of Psychiatry and Truveta have found that the risk of developing bipolar or schizophrenic disorders was highest for cannabis users aged 16 to 25, and had a greater influence than alcohol, opioids, amphetamines and hallucinogens.

[video_shortcode_video_embed src="https://video.foxbusiness.com/v/video-embed.html?video_id=6344796375112&d=video.foxbusiness.com" itemprop="image" content="https://video.foxbusiness.com/v/video-embed.html?video_id=6344796375112&d=video.foxbusiness.com" data-src="https://video.foxbusiness.com/v/video-embed.html?video_id=6344796375112&d=video.foxbusiness.com"]

Rates of marijuana-induced psychosis rising: Study

Addiction specialist Dr. Drew Pinsky says this is 'extremely worrisome' data on 'The Bottom Line.'

Additionally, the rates of cannabis-use disorder diagnoses were more than 50% higher in November 2023 than compared to the same time in 2019. There was also a nearly 50% increase in the number of cannabis-related emergency room visits.

"You're seeing much more frequent addiction… we're seeing bipolar disorder, we're seeing schizophrenia… and a certain percentage of these kids don't recover. So it is something to take very, very seriously," Pinsky said. "There are real consequences from it."

Dr. Drew ultimately noted it’s up to every individual to decide whether they use marijuana or not if it becomes federally legalized.

[video_shortcode_video_embed src="https://video.foxbusiness.com/v/video-embed.html?video_id=6352274862112&d=video.foxbusiness.com" itemprop="image" content="https://video.foxbusiness.com/v/video-embed.html?video_id=6352274862112&d=video.foxbusiness.com" data-src="https://video.foxbusiness.com/v/video-embed.html?video_id=6352274862112&d=video.foxbusiness.com"]

Democrats hope new cannabis policy will draw in young voters

Fox News senior congressional correspondent Chad Pergram has the latest on easing marijuana restrictions on 'The Evening Edit.'

Until a final rule is released from the Drug Enforcement Agency, however, marijuana will continue to be classified as a Schedule I controlled substance.

"Our laws around owned substances generally are kind of silly," Pinsky said. "The only reason I like it when things are illegal is it helps me treat people with their addictions. Because if there are consequences and when people lose their freedoms, it's easier to motivate them to come and get some help."

READ MORE FROM FOX BUSINESS

Fox News’ Greg Wehner contributed to this report.

OTHER NEWS

21 minutes ago

'Keir Starmer's goal of not one but two General Election victories isn't just a pipe dream'

21 minutes ago

'It's very rewarding for everybody': The volunteer group helping asylum seekers learn English

21 minutes ago

China's second-most powerful leader will be welcomed at Canberra

24 minutes ago

Bryson DeChambeau dedicates US Open win to late father and his golfing idol

25 minutes ago

Australian star Melissa Wu becomes first diver to go to five Olympics

25 minutes ago

Steelers' Khan Confirms 'Awesome Policy' as Heyward Awaits Extension

25 minutes ago

Music legend John Farnham all smiles at son's wedding

25 minutes ago

Bills May Be Wise to Trade for Chargers Star Pass Rusher

25 minutes ago

‘He writes his own script’: Southgate delights in Jude Bellingham’s impact

25 minutes ago

Liverpool left needing to react as Tottenham make first move for £50m winger

25 minutes ago

Wesley Snipes Pokes Fun At ‘Blade’ Mahershala Ali Reboot Delays: “Daywalkers Make It Look Easy”

25 minutes ago

Tonys Host Ariana DeBose Addresses Importance Of Live Theater Because “We Are In A Global Moment When Headlines Are Frankly Terrifying”

25 minutes ago

No plans yet? Discover Houston’s best Father’s Day deals and specials

29 minutes ago

Ariana DeBose kicks off 2024 Tony Awards and Jeremy Strong wins first big acting award

31 minutes ago

Rarely-seen disgraced chef Pete Evans looks unrecognisable with wild hairstyle as he cooks at his wellness retreat

31 minutes ago

Tony Awards 2024 WINNERS: Jeremy Strong kicks off Broadway's biggest night as they earn Lead Actor in a Play for Enemy Of The People

31 minutes ago

Tony Awards 2024: Brooke Shields pairs glamorous gown with yellow CROCS as she hits the red carpet... two days after revealing 'double foot toe surgery'

32 minutes ago

Families of loved ones buried at Montreal cemetery demand answers over state of grounds

32 minutes ago

Ukraine peace summit: Diplomatic support and political snubs

32 minutes ago

Conners jumps Hadwin for Canada’s final Olympic spot with top-10 finish at U.S. Open

32 minutes ago

Serbia 0-1 England: player ratings from the Euro 2024 Group C game

32 minutes ago

Nigel Farage to launch 'contract with the people' in Wales following poll boosts

32 minutes ago

Tony Awards 2024: How to Watch, Nominations, Host, Performers

33 minutes ago

Arne Slot handed early Liverpool headache after unlikely star makes Euro 2024 statement

33 minutes ago

London jumps into top 10 in global ‘most expensive cities’ list

33 minutes ago

CDC Warns About Chocolate Brand; Raw Garlic and Acne; Odd Appeal of Cow Pedicures

33 minutes ago

Queensland Maroons State of Origin team list for Game II announced, Reece Walsh picked, Selwyn Cobbo misses out

34 minutes ago

Dodgers put Yoshinobu Yamamoto on IL with triceps tightness

34 minutes ago

Dodgers put Yoshinobu Yamamoto on IL with strained rotator cuff

34 minutes ago

Chinese premier and Australian prime minister meet at Australia's Parliament House

35 minutes ago

Kate Middleton captures Prince William and kids at beach for touching Father's Day tribute

36 minutes ago

Less than 10 per cent of homeless shelters N.S. promised last year currently in place

39 minutes ago

Pa. widow wins $1 million scratch-off as dying husband feared she’d have money troubles

40 minutes ago

Cabrera wins first event since release from prison

40 minutes ago

'Nazi hunter' would support Le Pen's party in France

40 minutes ago

Childish Ford Ranger Raptor owner tries to stick it to EVs

40 minutes ago

Sen. Tim Scott says he stands by his decision to certify President Biden's 2020 election

40 minutes ago

Lilia Vu comes back from injury to beat Lexi Thompson, Grace Kim in playoff

40 minutes ago

Hajj pilgrims perform Tawaf Al-Ifadah

43 minutes ago

Asia-Pacific markets all slide ahead of key China data