Summary
U.S. President Donald Trump said his administration is considering changing how cannabis is classified as a drug. Trump mentioned he would decide on this in the coming weeks. His comments caused cannabis-related business stocks to rise significantly.
Key Facts
- President Trump is considering reclassifying cannabis to make it seem less dangerous.
- He plans to make a decision on this matter in the next few weeks.
- Currently, cannabis is a Schedule I drug, the same level as heroin and LSD.
- Schedule I drugs are defined as having no accepted medical use and a high potential for abuse.
- Trump remarked that while medical cannabis has positive aspects, other uses of the drug bring concerns.
- After his comments, stocks of cannabis-related companies rose sharply.
- The Wall Street Journal reported Trump’s interest in changing the classification of cannabis.
- Cannabis is legal in 24 U.S. states, but it remains illegal under federal law.
