Marijuana

NPR - The Trump administration is easing restrictions on medical marijuana by moving it from the restrictive Schedule I to Schedule III, a category that includes drugs like Tylenol with codeine and anabolic steroids. Acting Attorney General Todd Blanche announced the move yesterday, saying it "allows for research on the safety and efficacy of this substance, ultimately providing patients with better care and doctors with more reliable information."

🎧 The reclassification is expected to further normalize the marijuana business, potentially expanding banking services and enabling common tax deductions that are currently unavailable. The order changes the regulation, not legalization. Medical-only states like Florida and Oklahoma will benefit from the order quickly, says reporter Ben Markus with NPR network station Colorado Public Radio. The Department of Justice is swiftly moving to more broadly reschedule marijuana, which could benefit recreational businesses. An administrative hearing is set for June.