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LECOM Official Speaks on Marijuana Reclassification

The executive order acknowledges medical benefits, reduces barriers to research, and prompts federal review of hemp definitions with impacts on industry and state laws.

  • In December, President Donald Trump signed the executive order moving cannabis to Schedule III and directing a federal hemp definition review.
  • Before the order, cannabis remained in Schedule I under the five federal schedules, while nearly half of U.S. states, including New Jersey , pushed federal pressure to act.
  • Researchers and medical firms stand to gain more access to cannabis research, leveraging New Jersey's large pharmaceutical firms while federal courts question DEA inaction delaying progress.
  • The state bill now awaits Governor Phil Murphy's signature, with a decision expected by Jan. 12; critics warn rescheduling could nullify hemp definitions and exclude local hemp farmers.
  • Congress recently tightened the definition of intoxicating hemp, sparking uproar in the hemp industry and signaling rapid market disruption as new rules define hemp by total THC and set a 12-month implementation clock.
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RealClearMarkets broke the news in on Monday, December 29, 2025.
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