Donald J. Trump’s victory in November’s Presidential election coincides with a pivotal moment for the U.S. cannabis reform, as efforts to reschedule the substance could significantly reshape the future of the industry, with him potentially having a say.

During his campaign, Trump expressed support for rescheduling cannabis from Schedule I to Schedule III of the Controlled Substances Act, which would acknowledge its medical value and ease the business tax burden. He also supported providing banking access to the cannabis industry and backed a Florida ballot measure to legalize recreational use, though it ultimately failed.

But given Trump’s controversial cannabis policy records during his first term, it is difficult to predict whether he will continue to support these initiatives. Therefore, understanding how Trump might influence cannabis reform in his second term is crucial for anticipating the future of the industry in the United States.

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