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President Trump to reclassify marijuana? l FOX 10 Talks
President Trump weighs easing federal marijuana restrictions amid bipartisan pressure, with 64 million Americans using cannabis yearly, potentially boosting research and tax relief for businesses.
- On August 11, President Donald Trump said his team is exploring reclassification of marijuana and will decide within weeks.
- Under President Biden, the Health and Human Services Department recommended in 2023 shifting cannabis from Schedule I to Schedule III, prompting bipartisan lawmakers to urge action.
- Such a change would ease tax burdens and allow cannabis businesses to deduct expenses, expanding medical research opportunities, if reclassified to Schedule III, bipartisan lawmakers suggest.
- Despite potential benefits, resistance has emerged from some conservatives and law enforcement groups, highlighting fractures within the MAGA movement over reclassification.
- Surveys from the Pew Research Center show 88% support, and nearly 43,000 public comments were submitted to the federal government.
16 Articles
16 Articles
Trump Weighs Marijuana Policy Shift as MAGA Allies Push Back
Opening the door to reclassifying the drug in a move that could deliver a major boost to the cannabis industry and spark sharp debate within his own political base, President Donald Trump is signaling a potential shift in federal marijuana policy.
MAGA turns on new Trump policy
Although President Donald Trump favors draconian penalties for hard drugs — for example, proposing "the death penalty" for "everyone who sells drugs, gets caught selling drugs — he is making a distinction between marijuana and dangerous drugs like fentanyl, crack and heroin. And he is considering reclassifying marijuana as Schedule 3 substance. Marijuana, under federal guidelines, is presently classified as a Schedule 1 drug and is lumped in wit…
How US marijuana reclassification could help cannabis companies - Hawaii Tribune-Herald
President Donald Trump’s administration is looking to reclassify marijuana as a less dangerous drug, a shift that could ease criminal penalties and reshape the pot industry by lowering tax burdens and making it easier for firms to secure funding.
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