DMT is a natural substance found in all living things and is the very substance that allows humans to dream. DMT does not meet the schedule 1 requirements and has no reason to be illegal or regulated. DMT has been used for medical means in other parts of the world and has been known to dramatically help people with addictions and mood disorders.
DMT is also the main component of Ayahuasca (which is also illegal because of the DMT), a medicine used for many years by shamans, healers, and religious groups. This is a substance that should be allowed to all who wish to seek the benefits of the spiritual experience DMT produces.