Trump Signs Executive Order to Expedite Cannabis Rescheduling

Dear Client: Big news on the cannabis front: President Trump today signed an executive order directing federal agencies to loosen restrictions on cannabis, rescheduling it from a Schedule I to a Schedule III drug. This is the biggest change in federal cannabis policy since the '70s.  You may recall, just earlier this week, reports surfaced that Trump had discussed the rescheduling process, after saying in August that he was considering the Biden-era plan to reschedule cannabis [see WSD 12-15-2025].  The