Trump's Consideration to Reclassify Marijuana Could Spark Cannabis Industry Revolution

President Trump is contemplating reclassifying marijuana as a less dangerous drug, potentially revolutionizing U.S. drug policy. This move could unlock extensive research funding, reshape the cannabis industry, and ease criminal penalties. The exact policy details remain undisclosed but have already influenced cannabis-related stock prices positively.

President Donald Trump is preparing to potentially alter federal regulations on marijuana, a move that could dramatically change decades of U.S. drug policy. The prospect of reclassifying the drug as less dangerous has already stirred optimism within the cannabis industry.

Trump's consideration of an executive order to reclassify marijuana into a less restrictive category could open the way to significant industry shifts, including easing criminal penalties and increasing access to research funding. This reclassification could align cannabis regulation with that of common prescription drugs, signifying a major policy overhaul.

Although details of the plan remain unclear, the potential shift has already impacted stock prices of cannabis-related companies. The industry anticipates that federal reclassification could normalize cannabis policy, enhance research capabilities, and improve regulatory conditions for businesses.

(With inputs from agencies.)