The Trump administration is weighing whether to reclassify marijuana as a less dangerous drug, according to Spectrum News 1. That shift could ease federal restrictions and boost struggling cannabis businesses in states like New York.
Right now, marijuana is a Schedule I drug — the same category as heroin. Reclassifying it to Schedule III wouldn’t legalize it nationwide, but it would unlock tax breaks, research opportunities, and insurance access for legal dispensaries.
While New York dispensary owners and state officials support the move, critics warn it could threaten public health. There’s no timeline yet for a final decision.
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