President Trump Considers Federal Marijuana Reclassification
President Trump is considering reclassifying marijuana federally from a Schedule I drug. This could alter tax regulations and has already boosted cannabis stocks.
Trump weighs taking steps to decriminalize marijuana
New York Daily News
Trump pledges marijuana reclassification decision in a ‘few weeks’
Washington Examiner
Trump Sparks Debate With Comments On Reclassifying Weed
The Daily Wire
Subscribe to unlock this story
We really don't like cutting you off, but you've reached your monthly limit. At just $5/month, subscriptions are how we keep this project going. Start your free 7-day trial today!
Get StartedHave an account? Sign in
Overview
- President Trump is actively considering reclassifying marijuana at the federal level, potentially moving it from a Schedule I drug to a category with lower perceived danger.
- The potential reclassification could significantly alter federal regulations for marijuana, including its tax status, by aligning it with drugs of moderate to low dependence potential.
- The announcement of Trump's consideration led to a notable surge in cannabis company stocks, with many experiencing gains of 10% or more on Monday.
- Public opinion strongly supports marijuana reclassification, with over 80% of independent voters favoring such a move, reflecting a significant shift in societal views.
- Despite many states legalizing recreational and medical marijuana, it remains federally illegal, making Trump's upcoming decision a pivotal moment for national drug policy.
Report issue
Read both sides in 5 minutes each day
Analysis
Center-leaning sources cover the story by providing a balanced, informative overview of THC, its effects, and expert opinions on its use. They emphasize the ongoing research and the nuanced understanding required, presenting both potential benefits like pain management and significant risks associated with different consumption methods and user demographics.
"President Donald Trump is considering reclassifying marijuana as a less dangerous drug."
USA TODAYArticles (4)
FAQ
Reclassifying marijuana from Schedule I to Schedule III would change its federal designation from a drug with 'no currently accepted medical use and a high potential for abuse' to one with 'moderate to low potential for physical and psychological dependence,' similar to ketamine and anabolic steroids. This change would not legalize marijuana federally but would reduce restrictions and could alter tax regulations for the cannabis industry.
President Trump indicated that his administration is in the early stages of considering marijuana reclassification and hopes to make a determination within the next few weeks from August 11, 2025.
Cannabis company stocks experienced a notable surge, with many gaining 10% or more on the Monday following the announcement that President Trump is considering federal marijuana reclassification.
Public opinion strongly favors marijuana reclassification, with over 80% of independent voters supporting a move to change its federal status, indicating a significant societal shift towards more acceptance.
Marijuana remains federally illegal as a Schedule I drug, which conflicts with many states' legalization of recreational and medical marijuana. This federal-state legal discrepancy complicates national drug policy and creates issues for enforcement, banking, and taxation until federal reclassification is resolved.
History
- This story does not have any previous versions.