Trump admin rewrites the rulebook on weed with reclassification — making research and taxes much easier

Source: New York Post

WASHINGTON — Acting Attorney General Todd Blanche on Thursday reclassified state-legal marijuana as a less-dangerous Schedule III drug — easing research into the plant’s medicinal properties after more than five decades and extending tax benefits to the cannabis industry. “Under the decisive leadership of [President Trump], this Department of Justice is delivering on his promise to improve American healthcare,” Blanche tweeted, along with a photo of himself signing the document. Blanche wrote he was “immediately rescheduling FDA-approved marijuana and state-licensed marijuana from Schedule I to Schedule IIl” and “ordering a new, expedited hearing with set deadlines, to fully reschedule marijuana.