The move doesn't legalize marijuana, but reclassifying it would allow the FDA to study it for medical purposes.

President Donald Trump will be signing an executive order on Thursday that will direct the attorney to “expedite” and “complete” the marijuana rescheduling process, throw a lifeline to the hemp industry,

President Donald Trump's executive order to reclassify marijuana has sparked optimism among Birmingham CBD store owners, who see potential benefits for their businesses and customers.

Cannabis industry observers believe it is increasingly likely that President Donald Trump will soon sign an executive order directing federal agencies to complete the marijuana rescheduling process. But multiple reports indicate that the directive could also contain additional components touching on cannabis business banking access and Medicare coverage for CBD.

With the shine of being first to market long gone, Colorado’s cannabis sector welcomed today’s news that President Donald Trump had issued an executive order to reclassify cannabis from a Schedule I drug to Schedule III.

Trump's executive order hastens a recategorization of marijuana from a Schedule I drug under the 1971 Controlled Substances Act to Schedule III.

By the authority vested in me as President by the Constitution and the laws of the United States of America, it is hereby ordered: Section 1.  Purpose and

Colorado policymakers and advocacy groups are reacting to an executive order signed by President Trump that will begin loosening federal restrictions on marijuana. Trump signed the order on Thursday,

President Donald Trump signed an executive order on Thursday reclassifying marijuana as a less dangerous drug.

Such a decision would represent one of the ​most significant federal changes to marijuana policy in decades. It could reshape the cannabis industry, ease criminal penalties, unlock billions in research funding and lead to the opening ​of doors long closed ⁠to banks and investors.