SENSEX
NIFTY
GOLD
USD/INR

Weather

image 18    C

Economy News

The Economic Times News

Economy / The Economic Times

details

Trump weighs order to loosen federal marijuana restrictions

President Trump is considering reclassifying marijuana from a highly restricted Schedule I drug to Schedule III, a move that could significantly impact the cannabis industry. This potential shift, aligning it with substances like Tylenol with codeine, promises to unlock research funding and ease banking access for cannabis businesses. The DEA will ultimately decide on the reclassification.

16 Dec 2025 8:45 am