Federal Rescheduling Moves Marijuana to Schedule III
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Washington, President Trump signed an executive order Thursday that reclassifies marijuana from Schedule I to Schedule III, directing the Justice Department and DEA to implement the change and opening federal avenues for medical research, potential tax adjustments for licensed businesses, and expanded banking access; states retain their own marijuana laws. Officials said the order acknowledges medical use but does not legalize recreational use nationwide. Industry groups, veteran advocates and state regulators responded this week with statements on anticipated impacts and next steps as federal agencies begin review, and congressional oversight reviews continue. Based on 11 articles reviewed and supporting research.
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Timeline
- 1. 1970: Controlled Substances Act places cannabis in Schedule I.
- 2. 2012: Colorado and Washington legalize recreational cannabis, triggering market growth.
- 3. Earlier administration: DOJ previously proposed moving cannabis to Schedule III.
- 4. This week: President Trump signed an executive order recommending rescheduling to Schedule III.
- 5. November 2025: Michigan reports nearly $2.9 billion in cannabis sales and record-low ounce prices.
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