Illinois pot businesses could gain tax benefits, easier loan access under DEA reclassification

Cannabis company owners in Illinois welcomed the news Tuesday that the federal government is expected to reclassify marijuana as a drug with medicinal value and lower potential for abuse.

The Associated Press reported that the Drug Enforcement Administration will move to reclassify marijuana from Schedule I to Schedule III. Rather than continuing to classify cannabis with much stronger drugs such as heroin and LSD, the move would put pot in the same class with certain prescription drugs such as codeine...