US Edition
Trump Weighs Taking Steps to Decriminalize Marijuana
UNITED STATES, AUG 11 – Rescheduling cannabis to Schedule III would reduce federal penalties and allow tax breaks, potentially boosting the industry as nearly 90% of adults support legalization, according to Pew Research.
- On Monday, President Donald Trump confirmed his administration will consider reclassifying cannabis as less dangerous during a White House briefing, as first reported by the Wall Street Journal.
- Earlier this year, the Trump administration included a budget bill provision that would repeal protections for medical cannabis patients, amid ongoing reclassification efforts by the Biden administration.
- Classified as a Schedule I drug, marijuana is listed alongside heroin and LSD, though a Schedule III designation would have `moderate to low potential for physical and psychological dependence`.
- On Monday, pot company shares surged after Trump's comments, as the Drug Enforcement Administration now reviews potential rescheduling of cannabis.
- Future industry gains could include listings on U.S. stock exchanges, as reclassification might remove the tax barrier under Section 280E, enabling capital access.
16 Articles
16 Articles
Pres. Trump considers marijuana reclassification, potentially paving way for medical cannabis in Tennessee
NASHVILLE, Tenn. (WKRN) — The Trump Administration could consider reclassifying marijuana to a less serious schedule drug, which some Tennessee Republican lawmakers have said would need to happen before they consider legalizing medical marijuana in the state. Right now, marijuana is a Schedule I drug, the category of drugs with the highest potential for abuse. Other Schedule I drugs include heroin, LSD, cocaine, and MDMA. President Trump told jo…
How U.S. marijuana reclassification could help cannabis companies
U.S. 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.
Explainer-How US marijuana reclassification could help cannabis companies
(Reuters) -U.S. 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…
Recriminalize don’t decriminalize marijuana
The marijuana industry is pouring millions of dollars into a lobbying campaign to push President Donald Trump into reclassifying marijuana as a harmless substance. It would be a grievous error for him to do so, worsening the opioid epidemic and weakening communities that Trump swore to protect from special interests. The president told people who attended a recent $1 million-a-plate fundraising event that he was considering moving marijuana from…
Trump Admin Considers Reclassifying Cannabis as Less Dangerous Drug
President Donald Trump confirmed on Monday that his administration will consider reclassifying cannabis as a less dangerous drug. The post Trump Admin Considers Reclassifying Cannabis as a Less Dangerous Drug appeared first on Breitbart.
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Bias Distribution
- 36% of the sources lean Left, 36% of the sources are Center
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