Yes. The main barrier to more psychedelic research is funding / $$ and time - far more than anything else.
In the US, access to research funding is a far larger issue than scheduling. The main benefit of rescheduling would likely be through its indirect benefits on access to funding.
Source: I’ve talked with multiple researchers who are studying psychedelics.
Also, I recommend reading or listening to the book Acid Test if anyone here would like to learn more.