President Donald Trump confirmed Monday the White House is “very strongly” considering loosening federal restrictions on cannabis, a move that would boost the $32 billion legal industry’s margins and portend future, more ambitious reforms.
However, Trump declined to offer a precise timeline, meaning last week’s prediction that an executive order moving marijuana to Schedule 3 of the Controlled Substances Act could come as soon as Monday has already been proven wrong.
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In response to a reporter’s questions during an unrelated event in the White House on Monday, Trump confirmed his interest in the issue.
“We are considering it,” he said.
“Because, uh, a lot of people want to see it — the reclassification — because it leads to tremendous amounts of research that
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