""The Attorney General shall take all necessary steps to complete the rulemaking process related to rescheduling marijuana to Schedule III of the CSA in the most expeditious manner in accordance with Federal law," the executive order reads."
"On Monday, he signed another executive order that called fentanyl "closer to a chemical weapon than a narcotic," and designated it as "a weapon of mass destruction.""
""The Administration's order calling to remove the cannabis plant from its Schedule I classification validates the experiences of tens of millions of Americans, as well as those of tens of thousands of physicians, who have long recognized that cannabis possesses legitimate medical utility," said Paul Armentano, the Deputy Director at NORML, an organization that advocates for cannabis reform laws, in a statement."
President Trump signed an executive order rescheduling marijuana to Schedule III, lowering it from Schedule I. The rescheduling could allow broader medical research and authorized a pilot program to reimburse Medicare patients for CBD products. The change does not legalize marijuana for recreational use. The executive order instructs the Attorney General to complete the rulemaking process related to the rescheduling in an expeditious manner in accordance with federal law. The order followed a separate Trump order classifying fentanyl with unusually severe language. Cannabis industry reaction was cautious optimism, while cannabis stocks fell on the news.
Read at Fast Company
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