Rescheduling Marijuana Would Be a Big Tax Break for Legal Cannabis Businesses – and a Quiet Form of Deregulation

Rescheduling marijuana would be a big tax break for legal cannabis businesses – and a quiet form of deregulation

In December 2025, the Trump administration accelerated the process of reclassifying marijuana from Schedule I to Schedule III under the Controlled Substances Act – a shift that would reduce restrictions and penalties associated with the drug. Under the move, medical and recreational marijuana would still remain illegal at the federal level. At the state level, medical use is currently legal in 40 states and the District of Columbia, and recreati…

Top GOP West Virginia Lawmaker Says Trump's Marijuana Rescheduling Order Could Bolster Push For State Legalization

President Donald Trump’s order to complete the process of federally rescheduling marijuana could move the needle to enact cannabis reform in West Virginia, a top Republican lawmaker says. With proposals to legalize or decriminalize marijuana again on the table in both chambers this session, House Speaker Roger Hanshaw (R) signaled that there may be some bipartisan support for the legislation. He noted that “we’ve had members of the Republican pa…

Top GOP West Virginia Lawmaker Says Trump’s Marijuana Rescheduling Order Could Bolster Push For State Legalization

President Donald Trump's order to complete the process of federally rescheduling marijuana could move the needle to enact cannabis reform in West Virginia, a top Republican lawmaker says. With proposals to legalize or decriminalize marijuana again on the table in both chambers this session, House Speaker Roger Hanshaw (R) signaled that there may be some bipartisan support for the legislation. He noted that "we've had members of the Republican pa…