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LECOM Official Speaks on Marijuana Reclassification

The executive order acknowledges medical benefits, reduces barriers to research, and prompts federal review of hemp definitions with impacts on industry and state laws.

  • President Donald Trump issued the order reclassifying cannabis to Schedule III and directs a federal hemp definition review, signaling policy shifts.
  • Before the order, cannabis remained in Schedule I under the five federal schedules despite nearly half of U.S. states legalizing it, including New Jersey which approved legalization in 2021, and officials said the federal government delayed recognizing medical use for years.
  • Researchers and medical firms stand to gain more access to cannabis research, leveraging New Jersey's large pharmaceutical firms as federal courts increase pressure on DEA inaction.
  • The state bill now awaits Governor Phil Murphy's signature, with the office expecting a decision by Jan. 12; critics warn rescheduling could exclude some local hemp farmers from markets.
  • New rules now define hemp by total THC, eliminating many consumer 'full-spectrum CBD' products with a 12-month implementation clock, while Congress recently tightened intoxicating hemp definitions.
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RealClearMarkets broke the news in on Monday, December 29, 2025.
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