President Donald Trump is considering reclassifying marijuana from a Schedule I to a Schedule III controlled substance, which would lower its perceived level of danger under federal law. This potential policy change has led to a surge in cannabis stock prices and is seen as a possible boost to the cannabis industry. The proposal is reportedly aimed at appeasing industry lobbyists and business leaders. The decision is expected within weeks and has sparked debate among Trump's MAGA base, with some supporters emphasizing medical benefits for veterans, while others express concerns about cannabis use. The reclassification would not necessarily legalize marijuana federally but could ease restrictions and change enforcement priorities.