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The President can't just order DEA to unschedule it because it would very likely be a violation of the Administrative Procedures Act (the same thing that the Supreme Court said Trump violated when he tried to end DACA). Just ending the scheduling altogether with no strings attached would really need an act of Congress to be safe from being overturned by the SCOTUS.
A few months ago, Biden's Department of Health and Human Services submitted a formal recommendation to the DEA to reschedule cannabis to Schedule III. It's now in the DEA's hands. Schedule III means if you have a prescription, you can no longer get fired for it if you test positive and it's recognized as having real medical value with moderate to low physical dependence. Not ideal, but complete unscheduling is something the DEA would never go along with. Rescheduling or an act of Congress are the best bets, and Biden has formally requested the DEA to do the former.