The cannabis industry is budding across the globe with new 4/20-friendly destinations cashing in on the legalization of cannabis for recreational and medical purposes.
President Donald Trump recently teased that a decision on reclassifying marijuana as a less dangerous drug could come soon. Moving cannabis from a Schedule I substance under the Controlled Substances Act — meaning it has a high potential for abuse and no current accepted medical use— to the lesser Schedule III substance designation does not federally legalize marijuana.
The House Appropriations Committee on Wednesday advanced a fiscal year 2026 Commerce, Justice, Science and Related Agencies appropriations bill that contains language that is hostile to marijuana rescheduling efforts. Still, proponents remain hopeful as sim