Why Trump Could Be About To Loosen Restrictions On Marijuana
Summary
President Donald Trump's administration is planning to ease federal rules on marijuana by possibly changing its legal classification. This change could happen soon and would help medical research on marijuana and reduce taxes on cannabis businesses.Key Facts
- Marijuana is now a Schedule I drug, meaning it is seen as very risky and having no medical use under federal law.
- The administration may move marijuana to Schedule III, a less strict category for drugs with accepted medical uses.
- Schedule III drugs include ketamine and some steroid and codeine medications.
- Rescheduling marijuana could make it easier for scientists to study its medical benefits.
- This change would not legalize marijuana or free people currently punished for marijuana crimes.
- Marijuana businesses currently pay very high federal taxes due to their Schedule I status.
- President Trump signed an order to speed up research on some psychedelic drugs alongside this marijuana review.
- No official timeline has been set; the process will include hearings and could face legal challenges before being finalized.
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