In a significant shift in drug policy, President Trump has signed an executive order to reclassify marijuana from Schedule I to Schedule III, easing restrictions and enabling more medical research. This move is expected to have far-reaching implications for the cannabis industry and medical community.
According to CNN, Trump’s executive order aims to reclassify cannabis, opening up its medical potential. This decision comes after years of debate over the classification of marijuana, which has long been criticized for being classified as one of the most dangerous and habit-forming substances.
NBC News reports that the White House is considering reclassifying marijuana to ease restrictions on the drug, potentially paving the way for increased research and development in the medical cannabis field. This move could have implications for seniors, research, and stocks related to the cannabis industry.
On the other hand, The Hill notes that GOP Rep. Lawler has expressed concerns, stating that it would be ‘wrong’ for Trump to reclassify marijuana. Despite some backlash, Trump’s decision to reclassify marijuana is seen as a significant step towards expanding access to cannabis and promoting further research.
The Wall Street Journal highlights that Trump’s move to reclassify marijuana would go beyond what the Biden administration had previously considered, signaling a major shift in drug policy that could have lasting effects on the industry.
Overall, Trump’s executive order to reclassify marijuana as a less dangerous drug is a significant development that could have wide-ranging implications for the cannabis industry, medical research, and public health.
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