LeadStory

Why did Trump reclassify marijuana?

Asked 10 hours ago

Answer

Trump reclassified marijuana to expand medical research opportunities and respond to public demand for change. The move aims to shift marijuana from Schedule 1 to Schedule 3, making it less restricted but not legalizing recreational use. Industry leaders expect major impacts on research, investment, and the medical cannabis market, though legal and regulatory hurdles remain.

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Reuters

How Trump's move to ease marijuana regulations impacts the industry

Reuters · Recent
Reuters
Reuters
Recent
  • Trump signs order to ease federal marijuana regulations 2s
  • Order directs attorney general to pursue reclassification as less dangerous drug 20s
  • Reclassification would not legalize marijuana or allow recreational use 35s
  • Cannabis stocks rise, but legal and banking challenges remain 1m 15s
  • Advocates say federal shift could lead to long-term industry acceptance 1m 51s

References

How Trump's move to ease marijuana regulations impacts the industry
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Reuters
13 hours ago
How Trump's move to ease marijuana regulations impacts the industry

Trump stated, 'We have people begging for me to do this, people that are in great pain,' indicating the decision was driven by public demand and the need for medical relief.

Trump signs executive order reclassifying marijuana
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CBS America
14 hours ago
Trump signs executive order reclassifying marijuana

Trump signed an executive order to reclassify marijuana from Schedule 1 to Schedule 3, aiming to significantly expand research opportunities for medical uses, according to experts and industry leaders.

Cannabis stocks rally on reports Trump will reclassify marijuana
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CNBC
7 days ago
Cannabis stocks rally on reports Trump will reclassify marijuana

Industry leaders and political figures advocated for rescheduling to enable medical market legalization, change tax treatment, and attract institutional capital, making it a major catalyst for the industry.

Trump expected to sign executive order to reclassify marijuana
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CNBC
7 days ago
Trump expected to sign executive order to reclassify marijuana

Trump sought to move marijuana to Schedule 3 to align it with less dangerous substances, with industry leaders optimistic about the implications for medical research and the cannabis industry.

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