Reports first surfaced last week that President Trump told a room full of private donors that his administration was entertaining the idea of pushing forward on a proposal to reclassify cannabis from Schedule I to Schedule III under the Controlled Substances Act. Then yesterday, President Trump acknowledged such a plan was under consideration but is likely not as far along as many in the industry would like. “We’re only looking at that. That’s early.” The president went on to say: “Some people like it. Some people hate it.” “Some people hate the whole concept of marijuana because it does bad for the children; it does bad for people that are older than children. But we’re looking at reclassification, and we’ll make a determination over the next, I would say, over the next few weeks , and

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