Free Republic

President Trump on Thursday signed an executive order to speed up the rescheduling of marijuana from Schedule I to the less severe Schedule III, with the stated goal of expanding cannabis research. “The executive order the President will sign today is focused on increasing medical research for medical marijuana and CBD — cannabidiol,” a senior administration official said in a press briefing. “The president is very focused on the potential medical benefits, and he has directed a commonsense approach that will automatically … start working to improve the medical marijuana and CBD research to better inform patients and doctors. That’s...

Cannabis stocks jumped on Friday as the White House prepared to significantly ease federal restrictions on marijuana. President Donald Trump is expected to issue an executive order as soon as Monday that would allow for reclassification of weed, a source familiar with the matter told CNBC. Such a move would allow cannabis companies to fall under different tax regulations and encourage investment.Cannabis stocks took a leg up in Friday’s midday trading following CNBC’s report. The Washington Post first reported on Thursday that Trump was expected to use an executive order to instruct federal agencies to reclassify marijuana as a less...