Cannabis industry observers believe it is increasingly likely that President Donald Trump will soon sign an executive order directing federal agencies to complete the marijuana rescheduling process. But multiple reports indicate that the directive could also contain additional components touching on cannabis business banking access and Medicare coverage for CBD.
The exact details of the executive order aren’t clear, but White House sources seem to be coalescing around the idea that it will be signed on Thursday and will instruct the Justice Department to proceed with plans to move marijuana from Schedule I to Schedule III of the Controlled Substances Act (CSA).
A source familiar with fluid discussions around the administrative action also told Marijuana Moment that Trump may couple the presidential directive with clemency for some people who have been convicted over federal marijuana offenses. Neither that plan, nor the reported details about cannabis banking or CBD and health care, have yet been confirmed, however.
According to NBC News, the potentially imminent executive order may contain an explicit push from the president urging Congress to pass a bipartisan bill titled the Secure and Fair Enforcement Regulation (SAFER) Banking Act, which would prevent federal regulators for penalizing financial institutions simply for
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