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Trump Says His Administration Looking at Reclassifying Marijuana as Less Dangerous Drug

Reclassifying marijuana as Schedule III could ease restrictions, boost medical research, and increase industry profits, with 45 states already legalizing some form of cannabis use.

  • In a press conference on August 11, 2025, President Donald Trump said his administration is considering reclassifying marijuana as a less dangerous drug, with a decision coming in the next few weeks.
  • Amid pressure from lawmakers, industry advocates and state officials, in 2023 Health and Human Services recommended moving marijuana to Schedule III, but the rule has been on hold since March 2023.
  • Shifting cannabis to Schedule III would acknowledge medical uses, ease research restrictions and reduce federal tax burdens, though it would not legalize marijuana federally and could mark the most significant shift in more than 50 years.
  • Broader implications include that rescheduling marijuana could bolster research, reduce stigma, improve access to capital, and open a large addressable market nationwide, TD Cowen analyst Derek Lessard said.
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KAKE NewsKAKE News
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Pro-marijuana groups claim reclassification would be good for businesses

(The Center Square) — The Trump administration is looking to reclassify marijuana as a less dangerous drug, which could lessen criminal penalties and expand banking opportunities for companies in the business.

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  • 63% of the sources are Center
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KPAX broke the news in on Monday, August 11, 2025.
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