Summary
President Trump plans to change federal laws about marijuana, which could make it less restricted and easier to study or use for medical purposes. Currently, marijuana is in the same strict category as drugs like heroin, but reclassifying it could lead to regulatory changes and boost cannabis businesses. Federal law generally overrides state laws, but many states have already changed their rules to allow marijuana use in some form.
Key Facts
- President Trump intends to relax federal restrictions on marijuana.
- Marijuana is currently classified as a Schedule I substance, meaning it's seen as highly addictive with no medical use.
- Reclassifying marijuana could ease regulations and encourage medical research.
- Federal law generally prohibits marijuana use, but many states have legalized or decriminalized it for recreational or medical use.
- States like Colorado and Washington legalized recreational marijuana in 2012.
- Some states allow medical use of marijuana but still penalize recreational use.
- Cannabis stocks increased after news of Trump's potential policy change.
- If reclassified, marijuana would be treated like Schedule III drugs, such as ketamine and anabolic steroids.
