December 18, 2025
President Trump just eased the restrictions on marijuana through an executive order. But this was actually already underway, years ago thanks to President Biden.
So first – President Trump signed an executive order today speeding up the reclassification of marijuana from a schedule one – down to a schedule three. Marijuana has been a schedule one drug along with LSD and heroine for years. Schedule three includes things like ketamine and testosterone. Importantly this does not make marijuana legal in the eyes of the federal government. There are lots of states where possession of marijuana is a still a criminal offense and changing from schedule one to schedule three federally, mostly — won’t change that. In some states it may reduce or eliminate the criminal penalties– but in others it won’t.
This Trump executive order really just opens up money, access and research opportunities. That means – banks may be more willing to do business with business owners in states where marijuana is legal and it opens up federal tax benefits for those business owners. It also makes it easier to conduct research on the health effects of cannabis consumption and for pharmaceutical companies to bring cannabis based drugs to market.
Now – as I mentioned President Biden actually already began this process. I reported on it back in September of 2023 and may of 2024 in these videos. Biden’s department of justice began the process of creating a new rule that reclassified marijuana from schedule one to schedule three. Trump’s order today – just speeds up that process.
Read the executive order here.
Watch my videos from 2023 and 2024 on this same topic here and here.
