President Donald Trump could issue an executive order reclassifying marijuana as a less dangerous drug as soon as Monday, multiple sources told MJBizDaily.
And along with moving cannabis to Schedule 3, unlocking major tax breaks for plant-touching businesses, the president may also hand the CBD industry a significant gift: allowing Medicare insurance coverage for certain CBD treatments, sources said.
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That timeline is consistent with reporting from CNBC, which said Friday the president “is expected” to order cannabis moved to Schedule 3 of the Controlled Substances Act at the beginning of next week.
The presidential executive order is not yet finalized, cautioned the sources, who agreed to speak on condition of anonymity. Thus, it’s not clear exactly how long the Trump marijuana rescheduling process
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