Trump Orders Marijuana Rescheduling to Schedule III, Sets Medicare CBD Pilot

Overview

• The executive order directs the attorney general and health agencies to fast‑track moving marijuana from Schedule I to Schedule III.
• The DEA retains final authority on rescheduling, so no federal rule has changed yet.
• CMS plans a Medicare pilot to reimburse certain CBD treatments for seniors, including care tied to chronic pain and cancer.
• The action does not legalize recreational cannabis at the federal level, and enforcement guidance remains unchanged pending any DEA decision.
• Republican lawmakers and conservative groups mounted formal opposition as cannabis stocks rose on expectations of easier research, banking and tax treatment.