Will Trump Reclassify Marijuana? Here’s What To Know As He Weighs Loosened Restrictions
Topline President Donald Trump said his administration is considering reclassifying marijuana as a less serious drug, appeasing industry lobbyists and business leaders who have cozied up to the president as they seek the move that could substantially cut taxes for the cannabis industry. Key Facts Trump told reporters Monday his administration is “looking at reclassification” and said it would likely come to a conclusion “over the next few weeks” whether to make marijuana Thc vape , currently a Schedule 1 drug, a Schedule 3 drug. The statement confirms a report in the Wall Street Journal last week that Trump told attendees, including the CEO of marijuana company Trulieve, Kim Rivers, at a $1 million-a-plate fundraiser earlier this month that he was interested in the move amid heavy lobbying from the industry. As a Schedule 1 drug, marijuana, along with other substances such as heroin and LSD, are described as “drugs with no currently accepted medical use and a high potential for abuse.”...