President Donald Trump put his signature on the latest executive order, reclassifying marijuana.

The order directs the Attorney General to reclassify marijuana as a Schedule III drug, a change from its previous Schedule I classification

President Donald Trump says he is strongly considering signing an executive order rescheduling marijuana to a lower classification.

The move would loosen federal restrictions but not fully legalize the drug.

The federal government might be ready to reopen its doors but the deal to do so has one Kentucky hemp business owner on edge.

“Mitch McConnell just destroyed our business,” Jim Higdon, co-founder and chief communications officer of Cornbread Hemp, told the Herald-Leader. “... The government just destroyed our business, and that shouldn’t happen.”

In a recent op-ed titled “We can grow hemp and protect kids at the same time,” Senator Mitch McConnell, widely recognized as the architect of the 2018 Farm Bill’s hemp legalization, reiterates his support for tightening federal laws around intoxicating hemp-derived products. His position is clear: the proliferation of unregulated cannabinoids like Delta-8 has led to an industry operating in legal gray zones, and children are at risk.

The recent Supreme Court decision to overturn the decades-old Chevron Deference ruling marks a significant shift in the regulatory landscape. This change has far-reaching implications, especially for the cannabis industry, which is at a critical juncture as the Biden Administration pushes to reclassify cannabis to Schedule III.