President Trump said Monday his administration is “looking at” reclassifying marijuana as a less dangerous drug.

Such a move would continue efforts begun by the Biden administration, which started the process to make marijuana a Schedule III drug in 2024 but did not finish it before former President Biden left office.

A Schedule III designation wouldn’t legalize marijuana, but criminal penalties would be lessened. It would open new research opportunities and allow pharmaceutical companies to get involved in the sale and distribution of marijuana where it is legal. It would also allow for tax breaks for some marijuana companies.

The Wall Street Journal reported Friday that Trump told donors he was considering reclassifying marijuana, after industry groups paid millions of dollars to Trum

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