Will marijuana rescheduling happen under Trump? Doubts grow

President Donald Trump’s choices over his first 50 days in office, including appointments to lead the federal drug and health agencies, are sowing serious doubts that marijuana’s status under federal law will change anytime soon.That’s the gloomy vibe lurking outside the U.S.

Capitol and seeping into C-suites as the marijuana rescheduling process – begun in October 2022 by former President Joe Biden and put on indefinite hiatus in January – remains stuck in limbo. ADVERTISEMENT For those remaining hopeful, the belief is that the Trump administration might do something before the end of the year.

But skeptics wonder if the administration will simply cancel the process to downgrade marijuana from Schedule 1 to Schedule 3 of the Controlled Substances Act.All in all, “so far, the actions of this administration have not matched President Trump’s previous rhetoric in support of cannabis rescheduling,” U.S.

Rep.Dina Titus, a Nevada Democrat and co-chair of the Congressional Cannabis Caucus, told MJBizDaily.

Public, private opinions vary on rescheduling future Despite near-constant victories in individual states – with some recent exceptions – the federal marijuana policy reforms that many companies say are vital to achieve profitability remain elusive.Most executives and operators in the $32 billion regulated U.S.

marijuana industry present a brave face in public despite acknowledging privately that the tax relief provided by moving reclassifying marijuana won’t happen anytime soon.Washington lobbyists are nevertheless holding the line: Trump endorsed both adult-use legalization in Florida and federal rescheduling during the 2024 campaign, and there’s no reason to believe the president has changed his mind.

“We are still taking the same policy position as we have since the election: The president has clearly stated his support for cannabis reform, for rescheduling, for banking access an...