Jordan Wellington and Riana Durrett, executive director of the Cannabis Policy Institute at UNLV, recap the latest CPI Symposium and discuss tribal cannabis law, Nevada regulatory issues, and rating cannabis markets.

While federally decriminalizing marijuana could have “the greatest effect” on Nevada’s legal cannabis industry, reclassifying it as a less-dangerous drug could ease tax-related burdens for the businesses, according to a 2024 state-mandated report.

President Donald Trump said it loud and clear during his executive order on Dec. 18 to reschedule cannabis: He’s never been inundated by “so many people” on a particular issue. The move directing U.S. Attorney General Pamela Bondi to reclassify cannabis from Schedule I to Schedule III is not a small detail lost on just about anyone connected to the industry. Loosening restrictions on the plant through lowering its potential for abuse and finally recognizing its medicinal value breaks ties with 55 years of precedence under the Controlled Substances Act.

President Donald Trump signed an executive order Thursday calling on federal officials to finish reclassifying marijuana as a less dangerous drug — a major shift in federal drug policy that could open new avenues for medical research and ease the tax burden on Nevada cannabis businesses.

We're following up this morning on the president's executive order to reclassify marijuana from a Schedule I to a Schedule III drug. A lot of you might be wondering what that means, and maybe what it doesn't. The biggest thing is that the order does not make marijuana legal at the federal level.

President Donald Trump signed an executive order Thursday that could reclassify marijuana as a less dangerous drug and open new avenues for medical research, a major shift in federal drug policy that inches closer to what many states have done.