Donald Trump wants to make major change to marijuana laws across US

According to a Wall Street Journal article, Donald Trump is reportedly seeking to change US marijuana regulations, which would significantly affect the multibillion-dollar sector.

As a Schedule I controlled substance, cannabis is now regarded by federal law as having a “high potential for abuse” and “no currently accepted medical use in treatment in the United States.”

In summary, the drug is prohibited at the federal level, and it is classified in the same way as heroin, LSD, and ecstasy.

However, 24 states and the District of Columbia have fully legalized the drug despite its federal categorization, while other jurisdictions have chosen to solely permit it for medical purposes.

Additionally, it appears that Trump is working to change the medicine’s classification, which would significantly impact how simple it is to purchase and sell the drug in the US.

Sources told The Wall Street Journal on Friday, August 8, that Trump discussed his plans at a fundraiser at his golf club in New Jersey, where tickets cost a cool $1 million each.

Kim Rivers, the CEO of Trulieve, one of the biggest marijuana companies in the nation, was among those who attended the event earlier this month, according to the article.

Trump reportedly considered reclassifying the medication as a Schedule III substance, according to unnamed sources who said they were present at the event.

Trump reportedly said to those present, “We need to look at that,” in reference to easing government restrictions on the substance.

“We are going to investigate that.”

A Schedule III medication has a “moderate to low potential for physical and psychological dependence” and a “abuse potential less than Schedule I and Schedule II drugs,” according to the government website.

It’s crucial to remember that while it wouldn’t legalize the drug entirely in the US, it would assist reduce restrictions on it by providing more chances for medical applications and potentially lowering taxes for marijuana producers.

Anabolic steroids, testosterone, and ketamine are typical examples of medicines that fit within this category.

The prospective modification, which the Biden administration also sought but never implemented, would facilitate the purchase and sale of the medication, thereby increasing the already profitable industry.

‘All policy and legal requirements and ramifications are being reviewed’ regarding marijuana, White House spokesperson Abigail Jackson said CNN in a statement.

“The president’s policy decisions are solely guided by what is best for the American people,” she continued.

Which US states have legalized marijuana as of right now?

States with complete legalization of marijuana:

The state of Alaska

Arizona

California

Colorado

The state of Connecticut

Delaware

The District of Columbia

Illinois

Maine

The state of Maryland

The state of Massachusetts

Michigan

Minnesota

Missouri

Montana

Nevada

New Jersey

Mexico

New York

Ohio

Oregon

The state of Rhode Island

The state of Vermont

The state of Virginia

Washington

States where medical marijuana use is permitted include:

The state of Alabama

The state of Arkansas

The state of Florida

Georgia (just for CBD oil)

Hawaii

The state of Indiana (Only CBD oil)

Iowa (just for CBD oil)

Kentucky

Louisiana

The Mississippi

New Hampshire

North Dakota

Oklahoma

Pennsylvania

South Dakota

The state of Tennessee (Only CBD oil)

The state of Texas

Utah

West Virginia

Wisconsin (Only CBD oil)

Wyoming (just CBD oil)