President Trump Weighs Reclassifying Marijuana

On Aug. 11, 2025, President Trump said his administration is considering reclassifying marijuana as a less dangerous drug, with a decision to be made in the next few weeks. Trump said during a press briefing, “It’s a very complicated subject base, I’ve heard great things having to do with medical and bad things having to do with just about everything else.” The federal government currently classifies marijuana under Schedule I and reclassifying it could ease current banking and financial restrictions. If rescheduled, cannabis and its interstate trade would remain federally illegal and each state deciding their own market rules would still apply. Read more here.