Trump marijuana rescheduling, CBD coverage expected Monday

President Donald Trump could issue an executive order reclassifying marijuana as a less dangerous drug as soon as Monday, multiple sources told MJBizDaily.And along with moving cannabis to Schedule 3, unlocking major tax breaks for plant-touching businesses, the president may also hand the CBD industry a significant gift: allowing Medicare insurance coverage for certain CBD treatments, sources said.

ADVERTISEMENT That timeline is consistent with reporting from CNBC, which said Friday the president “is expected” to order cannabis moved to Schedule 3 of the Controlled Substances Act at the beginning of next week.The presidential executive order is not yet finalized, cautioned the sources, who agreed to speak on condition of anonymity.

Thus, it’s not clear exactly how long the Trump marijuana rescheduling process will take – or whether it will follow same two-year-long road of a Biden-era rescheduling directive.It’s also not clear what CBD treatments would be covered, or how, as current U.S.

Food and Drug Administration rules do not recognize CBD as a safe treatment.And the president’s plans to fulfill a summertime promise faces significant opposition within the White House and cabinet-level agencies, among them the U.S.

Drug Enforcement Administration as well as highly placed health officials.President Trump’s marijuana rescheduling plans has internal opposition Already, prohibition-minded individuals have tried to scuttle the process by leaking confidential details of a Wednesday meeting in which the president discussed his plans to reschedule marijuana with top cabinet officials and high-level cannabis advocates to the Washington Post, sources said.

It’s understood that major anti-reform groups, like Smart Approaches to Marijuana, will challenge marijuana rescheduling through the courts. ADVERTISEMENT DEA Administrator Terrance Cole is also said to...