US EditionTrump Plans to Push for Cannabis Rescheduling as Less Dangerous: Report
Trump's executive order could ease tax burdens and regulatory restrictions on a $32 billion cannabis industry while maintaining prescription requirements, officials said.
- On Dec 11, 2025, President Donald Trump is expected to direct federal agencies to seek reclassification of marijuana to Schedule III, the Washington Post reported, with an executive order possible next week.
- President Joe Biden's prior review set the groundwork by ordering agencies to assess marijuana scheduling, while Health and Human Services recommended reclassification to Schedule III amid 280E tax burdens of about 60%.
- In a Wednesday Oval Office call, Trump discussed the plan with House Speaker Mike Johnson , who expressed skepticism while marijuana industry executives pushed back and Trump appeared inclined to proceed.
- Cannabis stocks rallied, with AdvisorShares Pure US Cannabis ETF up nearly 40% in premarket trading; rescheduling would not legalize cannabis federally but could free up billions and allow ordinary tax deductions for state-legal cannabis businesses.
- Experts note the president cannot unilaterally reschedule a drug but can order the Justice Department and Drug Enforcement Administration to expedite rulemaking, with observers calling it the largest federal cannabis shift since 1970 despite unclear FDA oversight.
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65 Articles
Cannabis stocks are surging after reports that the White House wants to classify the drug as less dangerous than before, a move that would make it easier to sell and is being described as the biggest change to federal cannabis policy in decades.
Trump Expected to Sign Executive Order Reclassifying Marijuana to Schedule III as Early as Monday
WASHINGTON D.C (VINnews) — Cannabis stocks surged Friday following reports that President Trump is preparing to sign an executive order that would reclassify marijuana from Schedule I to Schedule III under federal law, potentially as early as Monday. The move, first reported by The Washington Post on Thursday, would direct federal agencies to treat marijuana […]
Trump Might Ease Federal Cannabis Restrictions Next Week
If you pay attention to cannabis policy, you’re probably feeling the whiplash right now. Hemp will be banned. But it might not be enforceable. But states might create their own laws to regulate it. Maine and Massachusetts are both facing efforts to repeal their state-legal cannabis markets. To top it off, we’re now hearing that the Trump administration may soon make a decision about rescheduling cannabis. (But we’ve heard that one before.) Here’…
Why Aurora Cannabis Stock Just Rocketed Higher
Key PointsThe Washington Post reports that President Trump will reschedule marijuana as a Schedule III drug.Marijuana is already legal in Canada, but Aurora Cannabis can't seem to make a profit off of it.10 stocks we like better than Aurora Cannabis › Aurora Cannabis (NASDAQ: ACB) stock leapt 14.5% "higher" (get it? Marijuana? High?) through 11:55 a.m. ET Friday on some positive marijuana news out of the White House. As The Washington Post repor…
Trump weighs order to reclassify marijuana as a Schedule III drug
President Donald Trump is considering an executive order directing agencies to reclassify marijuana as a Schedule III drug, according to The Washington Post. However, a White House spokesperson told Forbes that “no final decisions have been made on the rescheduling of marijuana.” Moving cannabis from Schedule I to Schedule III would not legalize or decriminalize it. Still, it would ease barriers to research and boost the bottom lines of legal b…
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