Federal Cannabis Shift, President Donald Trump is preparing an executive order to reclassify cannabis from Schedule I to Schedule III under the Controlled Substances Act — the biggest federal cannabis policy shift in decades.
🔄 What’s Changing?
Schedule I ➝ Schedule III
Schedule I: Classified with drugs like H and L$D and officially deemed to have no accepted medical use.
Schedule III: the same classification as common painkillers and other prescription medications with accepted medical uses but moderate risk.
💥 Why This Is HUGE
🧪 MEDICAL RESEARCH OPENS UP
Less red tape = more clinical trials & real science
💸 280E TAX RULE GONE
🍃 businesses could finally deduct rent, wages & expenses
➡️ Effective tax rates drop from 70–80% to normal business levels
📈 STOCKS SURGE
🍃 stocks already reacting as profitability becomes realistic
⚠️ NOT FULL LEGALISATION
BUT federal law now aligns closer with 40+ medical cannabis states
Recreational cannabis still not federally legal
No instant pharmacy sales without FDA approval