It’s been a few months since President Donald Trump promised he’d be “looking at” downgrading marijuana’s status under federal law – and would do so in a few weeks.
But according to a top House Republican lawmaker who spoke at a recent event and a separate report attributed to an anonymous “senior adviser,” marijuana rescheduling could be coming before next fall’s midterm elections – or even sooner than that.
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Over the summer, Trump reportedly told attendees at a $1 million-per-plate fundraiser at his New Jersey golf club that he was considering moving forward with the Biden-era proposal to reclassify cannabis as a Schedule 3 substance.
Marijuana rescheduling would gift plant-touching cannabis companies tax relief, as Internal Revenue Code Section 280E would no longer
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