As President Donald Trump’s 2025 executive order to reschedule cannabis moves forward, America’s $32 billion marijuana industry faces both promise and peril. The order directs the Attorney General to downgrade marijuana from a Schedule I to Schedule III substance—an administrative shift that could unlock major tax relief but still fall short of full legalization. Meanwhile,
As President Donald Trump’s 2025 executive order to reschedule cannabis moves forward, America’s $32 billion marijuana industry faces both promise and peril. The order directs the Attorney General to downgrade marijuana from a Schedule I to Schedule III substance—an administrative shift that could unlock major tax relief but still fall short of full legalization. Meanwhile, resistance remains strong, with some states eyeing repeal campaigns and former Attorney General Bill Barr reportedly preparing legal challenges. Adding to the confusion, a looming federal ban could cripple the $28 billion hemp market later this year. Despite setbacks, advocates hope new legalization pushes in states like Florida, Hawaii, Pennsylvania, and Virginia might expand access in 2026.
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