Story perspectives

Trump Set to Reclassify Marijuana, Boosting Research and Banking

12/16/2025

Summary

Story summary

U.S. President Donald Trump is poised to sign an executive order reclassifying marijuana from Schedule I to Schedule III under federal law.
The Biden Administration proposed the measure, which would not legalize marijuana nationwide but could enhance medical research and expand banking access.
The measure could alleviate tax burdens for cannabis companies and reshape state-level legalization debates.
Senator Tom Cotton expressed caution, emphasizing the risks of high-potency marijuana.

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Story summary

U.S. President Donald Trump is poised to sign an executive order reclassifying marijuana from Schedule I to Schedule III under federal law.
The Biden Administration proposed the measure, which would not legalize marijuana nationwide but could enhance medical research and expand banking access.
The measure could alleviate tax burdens for cannabis companies and reshape state-level legalization debates.
Senator Tom Cotton expressed caution, emphasizing the risks of high-potency marijuana.