A White House spokesperson has confirmed to Marijuana Moment that President Donald Trump is “currently expected to address marijuana rescheduling” on Thursday, though they added that “any details of this potential action until officially announced by the White House are speculation.”
This comes amid a rapidly churning rumor mill about the president’s potential plans to issue an executive order directing the attorney general to proceed with a proposal to move cannabis from Schedule I to Schedule III of the Controlled Substances Act (CSA).
Sources familiar with the administration’s planning tell Marijuana Moment that an announcement on the rescheduling move is planned for 1:30pm ET and that Trump will be surrounded by various cannabis industry and movement stakeholders when signing the order.
As recently reported, the president’s executive order may also address ancillary issues related to CBD coverage through federal Medicare and a call for congressional action on cannabis banking.
There are also rumors that a rescheduling decision will be coupled with presidential clemency, though the scope of that potential relief is unclear. That said, the White House spokesperson made clear that the deluge of details about the administration’s plans are speculative for now.
But according to NBC News, the executive
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