Trump said Monday he is “looking at reclassification” and “we’ll make a determination . . . I would say over the next few weeks.”

U.S. President Donald Trump's administration is looking to reclassify marijuana as a less dangerous drug, a shift that could ease criminal penalties and reshape the pot industry by lowering tax burdens and making it easier for firms to secure funding.

President Donald Trump is taking a new look at reclassifying marijuana as a less dangerous drug. The Justice Department first proposed reclassifying marijuana last year under former President Joe Biden.