Trump's marijuana laws: New proposals explained
A potential reclassification from a Schedule I to a Schedule III drug would not lead to nationwide recreational legalisation but would alter regulation, taxation, and facilitate research.
This change could result in significant tax savings for legal marijuana businesses, though it is not expected to resolve banking sector reluctance.
Trump describes the issue as "very complicated," weighing perceived medical benefits against other concerns, while facing opposition from some conservative and law enforcement groups.
The re-evaluation occurs amidst widespread state-level legalisation of medical and recreational marijuana, and growing public support for legalisation across the United States.
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