Summary
President Donald Trump signed an executive order to change the classification of marijuana from a Schedule I to a Schedule III controlled substance. This change aims to make research on marijuana easier while the drug remains illegal under federal law.
Key Facts
- President Trump signed an order to reclassify marijuana to a Schedule III substance.
- The reclassification acknowledges potential medical uses of marijuana.
- Under the new order, marijuana is still illegal under federal law.
- Researchers can more easily conduct federally funded medical trials on marijuana.
- 40 U.S. states allow medical use of marijuana; nearly 24 allow recreational use.
- The reclassification could affect the cannabis economy by altering tax treatment for dispensaries.
- Over two dozen Republican lawmakers opposed the reclassification.
- The order does not legalize marijuana but eases some restrictions on its research.
