Trump's Cannabis Executive Order: Reclassification & Medicare
Update: 2025-12-16
Description
President Trump plans to sign an executive order reclassifying cannabis as a Schedule Three drug, potentially opening doors for broader access and research. The order also includes a pilot program for Medicare to cover certain cannabis products for seniors, focusing on CBD for chronic pain and sleep issues. This move, driven by cannabiss growing popularity and limited federal backing, could lead to increased research opportunities and attract investors. However, the Medicare proposal faces scrutiny due to concerns about potential health risks and interference with other medications.
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