Trump's Marijuana Reclassification Sparks Industry Changes

The potential reclassification of cannabis from Schedule I to Schedule III by the federal government could significantly improve access to banking, loans, and payment processing for dispensaries, helping to legitimize the industry, reduce security risks, and foster growth and research. This change aims to address longstanding legal, financial, and tax challenges faced by cannabis businesses, which have been limited by federal restrictions despite growing state-level acceptance and revenue.