Apr 23, 2026
WASHINGTON (AP) — A cannabis industry group calls President Donald Trump’s reclassification of state-licensed medical marijuana as a less-dangerous drug “the most significant federal advancement in cannabis policy” in decades. The American Trade Association for Cannabis and Hemp says the Tr ump administration action recognizes “cannabis is medicine.” The order the Republican president’s acting attorney general signed Thursday Iargely legitimizes medical marijuana programs in the 40 states that have adopted them and allows state-licensed medical marijuana companies for the first time to deduct business expenses on their federal taxes. Critics say marijuana is harmful and policy is being dictated by ”CEOs, psychedelics investors, and podcasters in active addiction.” ...read more read less
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