Schedule III
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Shares of major cannabis companies surged Friday following reports that U.S. President Donald Trump is preparing to move toward easing long-standing federal restrictions on marijuana, a shift that could have significant legal and regulatory implications for the industry. According to a report by The Washington Post, Trump is expected to direct federal agencies to reclassify…
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Donald Trump is reportedly considering reclassifying marijuana from a Schedule I to a Schedule III controlled substance under the Controlled Substances Act, a shift that could have sweeping legal and economic consequences for the U.S. cannabis industry. According to The Guardian and The Wall Street Journal, the proposal—originally advanced but never finalized by the Biden…
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