Summary
President Trump plans to sign an order to change how the government classifies marijuana. This move will make it easier for cannabis to be used for medical purposes and reduce tax burdens for cannabis businesses. It won't make marijuana legal for recreational use across the country but will change how it's treated under federal law.
Key Facts
- President Trump will sign an executive order to reclassify marijuana as a less dangerous drug.
- The order directs federal agencies to classify marijuana as a Schedule III substance.
- Marijuana is currently classified as Schedule I, which includes drugs like heroin with high abuse potential.
- The order would allow more people on Medicare to access CBD products.
- The reclassification would not legalize marijuana for recreational use nationwide.
- The change could reduce tax burdens for cannabis companies by altering its Schedule I status.
- Some states have already relaxed restrictions on marijuana independently of federal law.
- Surveys show growing public support for marijuana reclassification and legalization.
