Trump Reportedly Plans Major Shift To Ease Federal Marijuana Rules
President Donald Trump is reportedly planning to advocate for a significant relaxation of federal regulations on marijuana, a move that could have a substantial impact on the industry.
Plan to Shift Marijuana to Schedule III
Trump is expected to direct federal agencies to reclassify marijuana as a Schedule III substance, The Washington Post reported on Thursday. This would place the plant and its derivatives in the same category as some prescription painkillers and other drugs, resulting in reduced federal oversight.
Marijuana is currently classified as a Schedule I substance, the same classification as heroin and LSD. It has become easy to obtain, however, as dozens of states and Washington, D.C., have legalized medical marijuana programs, and 24 have approved recreational …