Scottsmiracle-GRO chairman and CEO Jim Hagedorn discusses the possible reclassification of the product and the performance of his company about ‘The Claman Countdown’.
President Donald Trump weighs whether he should again classify Marijuana as a less dangerous drug, according to a report.
Trump told the participants in a $ 1 million-A-record fundraiser in his New Jersey Golf Club earlier this month that he was interested in a change in the classification of the factory, the Wall Street Journal reported, stating sources that are familiar with the issue.
This is after cannabis companies, according to the report, have committed millions of dollars to the political groups of the president.
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President Donald Trump weighs whether he should again classify Marijuana as a less dangerous drug. (Getty Images)
The guests of Trump’s fundraising were Kim Rivers, Chief Executive of Trulieve, one of the greatest marijuana companies. Rivers urged the president to make the change and to extend the research of medical marijuana, the newspaper noted.
The potential step to remove marijuana from the list of schedule I, make substances fabrics and make it a schedule III medicine, it would make it considerably easier to buy and sell cannabis and make the industry more profitable.
Removing marijuana from the list of scheme I regulated substances and making a schedule III medication would make it easier to buy and sell cannabis. (Reuters / Reuters -photos)
The Biden administration had started with the pursuit of the reclassification of marijuana, but did not introduce the change before he left the office.
Various legislative proposals have also been introduced in the congress by Democrats and Republicans to lower the classification of marijuana to a schedule III medication or to remove it all the way from the list of regulated substances. Federal legislators have also tried to decriminalize the plant.
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Trump told those present in a fundraising earlier this month that he was interested in changing the classification of the factory. (Anna Moneymaker / Getty Images / Getty image)
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But these measures are not signed in the law.
At least 40 states have legalized medical marijuana, while 24 states and Washington, DC, have also legalized recreational marijuana.
The Wall Street Journal has contributed to this report.
