Story perspectives

Trump Reclassifies Cannabis, Boosting Profits and Research

12/20/2025

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Summary

Story summary

On December 19, 2025, U.S. President Donald Trump reclassified cannabis as a Schedule III narcotic.
The change allows cannabis companies to benefit from lower tax rates and deduct more expenses.
Quincy University Economics Professor Cynthia Haliemun said the change could increase profits for local providers.
The classification eases research regulations, enabling cannabis research investment.
Although federal legalization has not occurred, the move allows access to loans and credit from banks.

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Story summary

On December 19, 2025, U.S. President Donald Trump reclassified cannabis as a Schedule III narcotic.
The change allows cannabis companies to benefit from lower tax rates and deduct more expenses.
Quincy University Economics Professor Cynthia Haliemun said the change could increase profits for local providers.
The classification eases research regulations, enabling cannabis research investment.
Although federal legalization has not occurred, the move allows access to loans and credit from banks.