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April 23, 2026

Trump administration reclassifies medical marijuana

  • Acting Attorney General Todd Blanche signed an order moving state-licensed medical marijuana from Schedule I to Schedule III, easing research restrictions and providing tax breaks for licensed dealers.
  • The change acknowledges state regulation of medical marijuana and is expected to significantly impact cannabis businesses, potentially saving them billions in taxes.
  • The reclassification allows for FDA-approved marijuana products and those regulated under state medical licenses, while the DEA plans further hearings on broader marijuana rescheduling.

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