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Is Trump going to reclassify marijuana?

Asked 19 hours ago

Answer

Trump's administration is considering reclassifying marijuana, which could lighten criminal penalties and change its federal status, but no final decision or action has been confirmed.

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Pot stocks move on news Trump floats reclassification

CNBC ยท Recent
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Recent
  • Cannabis stocks surged after President Trump said his administration is considering reclassifying marijuana.
  • Major American cannabis companies and ETFs saw significant gains following the news. 9s
  • Industry leaders and influencers have lobbied the administration for policy changes. 1m 13s
  • Reclassification from schedule one to schedule three could improve cash flow and attract institutional investment. 1m 27s
  • Medical efficacy is a key factor in the potential reclassification of marijuana. 51s
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References

Pot stocks move on news Trump floats reclassification
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CNBC
19 hours ago
Pot stocks move on news Trump floats reclassification

President Trump said his administration was looking at a potential reclassification for marijuana, which would lighten criminal penalties and change the industry's federal standing.

Pot stocks move on news Trump floats reclassification
Icon
CNBC
19 hours ago
Pot stocks move on news Trump floats reclassification

Industry experts note that while similar discussions have happened before without action, recent lobbying and the current administration's openness may make this time different.

Pot stocks move on news Trump floats reclassification
Icon
CNBC
19 hours ago
Pot stocks move on news Trump floats reclassification

Medical efficacy is cited as the key factor that could move marijuana from schedule one to schedule three.

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