Hey, Bud, isn't that a lovely plant? This month the Food and Drug Administration issued a report arguing that marijuana ought to be re-classified. (Actually, it ought to be declassified entirely -- but this is better than nothing). With the benefit of this recommendation, the Drug Enforcement Agency is now expected to initiate a rule-making process that could end with marijuana as schedule III. Marijuana is a Schedule I drug and has been such since 1970. The talk is of moving it down to Schedule III -- a big difference (Tylenol with codeine is schedule III). This is a matter in which the states have led the way toward sanity -- a process that showed up on my 'top financial stories' list here for 2016 -- and the feds may finally be following them.