Trump Aims to Wrap Up Biden's Cannabis Reform

President Trump has indicated he is open to following through on former President Biden's stalled effort to reschedule marijuana, a move that would fall short of full legalization but could still mark a significant moment for cannabis reform. Speaking to donors earlier this month and later at a press conference, Trump said a decision could come within "the next few weeks."

The Biden administration had sought to shift marijuana from Schedule I to the less restrictive Schedule III, which would not drastically alter criminal justice policy but would create new opportunities for the industry. While this step in cannabis reform stalled, it would still deliver tax and banking advantages to cannabis businesses.

Adam Smith, executive director of the Marijuana Policy Project, said resistance from the Drug Enforcement Administration (DEA) has long slowed cannabis reform efforts. "The DEA, culturally and historically, has been against reforming cannabis laws," Smith noted.

Trump's history on marijuana policy shows occasional support for cannabis reform. In 2024, he posted on Truth Social advocating for an end to arrests for small-scale possession and promoted regulated access to safe, tested products. He also backed Florida's Amendment 3, which would have legalized recreational cannabis but failed to clear the 60% vote threshold despite strong majority support.

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