US To Loosen Marijuana Rules In Major Shift For $47 Billion Industry.

Washington DC; April 2026: The US Department of Justice (DOJ) today (24th April 2026 early morning IST) have asserted that it would immediately loosen restrictions on some marijuana products and move quickly ​to reclassify the drug as less dangerous, in one of the biggest changes to US drug policy in decades. As per official sources this move does not legalise marijuana across the United States, but it is likely to reshape the $47 billion industry, which has faced continued barriers at the federal level, even as all but two US states have legalised it in some form for medical use and nearly half have legalised it for recreational use as well.

State regulated medical marijuana products now would be moved from a group of drugs classified as highly addictive, such as heroin, to a less restrictive category for products that have a low to moderate potential for ​abuse, including common painkillers, ketamine and testosterone. Marijuana products approved by the US Food and Drug Administration also would be moved to that category. Acting Attorney General Todd Blanche said the ​US government would also fast-track a broader effort that would reclassify all uses of the psychoactive plant as less dangerous. The measures are likely to lower barriers ⁠for research, ease tax burdens and make it easier for firms to secure funding.

“This rescheduling action allows for research on the safety and efficacy of this substance, ultimately providing patients with better care ​and doctors with more reliable information”, Blanche said in a statement. The move follows a December executive order from President Donald Trump directing the Justice Department to loosen marijuana restrictions.

The measure is expected to boost the growing ​cannabis industry in the United States, benefiting companies like Canopy Growth, Tilray Brands, Trulieve Cannabis. In addition to selling medical marijuana and consumer-focused products with cannabis, some of these companies are also researching their pharmaceutical uses for pain management, cancer symptoms, anxiety and other disorders.

US listed shares of cannabis companies jumped between 06% and 13% following the decision, but later reversed their gains as investors reacted to the limited scope of the federal government’s immediate moves. “Today ​marks a pivotal moment for the United States. With President Trump’s action to reschedule cannabis, federal policy is finally aligning with science, medicine, and most importantly, patient needs”, said Irwin Simon, CEO of marijuana ​company Tilray Brands.

Marijuana’s status as a Schedule I drug, meaning it has a high potential for abuse and no accepted medical use, has been widely criticised as anachronistic, particularly as it makes inroads at the state level. Some ‌24 states and ⁠the District of Columbia have legalised it for recreational purposes, while 40 have fully legalised it for medical purposes and another 08 allow some medical uses, according to the Congressional Research Service. Only two states, Idaho and Kansas, do not allow any legal use. Legal sales are expected to top $47 billion in 2026, according to market researcher BDSA.

After Trump’s December order, the Centers for Medicare and Medicaid Services began allowing some eligible Medicare beneficiaries to use hemp-derived products, including cannabidiol (CBD) products, under clinician guidance. Today, Trump has said more must be done. In a Truth Social post, he called on Congress to update the law to ​ensure access to the “full-spectrum” of CBD products “while preserving ​Congress’s intent to restrict the sale of products ⁠that pose Health risks”.

Marijuana is the most widely used illicit drug in the United States and the world. Nearly 01 in 05 US residents use it, according to the US Centers for Disease Control and Prevention. Millions of Americans have been arrested ​for possession of the drug, even while growing businesses listed on stock exchange sell cannabis-related products.

The Biden administration embarked on a similar move in 2024, ​but it was not finalised. It was ⁠when Trump returned to office and the US Drug Enforcement Administration commenced garnering the efforts. The Justice Department said it will begin proceedings on June 29 to gather evidence and expert opinion on reclassifying the drug.

Anti-drug warriors have argued that legalisation would lead to higher drug use by minors, lower workplace productivity and increased traffic safety hazards.

Many a Republicans representing the US Congress have demonstrated their resentment in December when President Donald Trump ordered the Justice Department to loosen regulations. ⁠Reaction was more ​muted today early morning, but Arkansas Senator Tom Cotton, a Republican from Arkansas has expressed concern that the moves would make it easier for Americans ​to use what he described as a still-dangerous drug. “Marijuana today is much more potent than what it was 10-20 years ago, leading to increased psychosis, anti-social behaviour and fatal car crashes. Hence a change in mere classification for the sole motive of economic restructuration is a step in the wrong direction, which would culminate to a catastrophic health hazard”, Cotton said in a social media post.

Team Maverick.