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🚨 Breaking: Trump signs cannabis executive order -- DETAILS

/ BREAKING NEWS
 This Marijuana Moment breaking news update is brought to you by FundCanna.
Marijuana will be federally rescheduled under an executive order signed by President Donald Trump on Thursday.

The directive also aims to address federal hemp laws to promote access to full-spectrum CBD that could be covered under federal health insurance plans.

Months after Trump said a decision on the cannabis reform proposal was imminent, the president issued the directive for agencies to begin moving forward with the plan to transfer cannabis from Schedule I to Schedule III of the Controlled Substances Act (CSA).
 
"We have people begging for me to do this, people that are in great pain for decades," Trump said. "This action has been requested by American patients suffering from extreme pain, incurable diseases, aggressive cancers, seizure disorders, neurological problems and more—including numerous veterans with service-related injuries and older Americans who live with chronic medical problems that severely degrade their quality of life."
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This marks one of the most significant developments in federal marijuana policy since its prohibition a half a century ago, with a Schedule III reclassification recognizing that marijuana has medical value and a lower abuse potential compared to other Schedule I drugs like heroin.

Rescheduling will not federally legalize cannabis. But the policy change will allow state-licensed marijuana businesses to take federal tax deductions they've been deprived under an Internal Revenue Service (IRS) code known as 280E. It will also remove certain research barriers applied to Schedule I drugs.
The change may also spur additional states to modernize their own policies on cannabis, as some lawmakers have cited the federal government's restrictive classification of marijuana as a reason they have been uncomfortable with enacting legalization or at least allowing medical use.

In addition to directing the attorney general to expedite the completion of the process of rescheduling marijuana to Schedule III of the CSA, the executive order also includes a novel proposal to allow Medicare recipients to access non-intoxicating CBD that'd be covered under the federal health care plan.

READ THE FULL DETAILS IN MARIJUANA MOMENT'S ARTICLE.
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