President Donald Trump is signaling a potential shift in federal marijuana policy, opening the door to reclassifying the drug in a move that could deliver a major boost to the cannabis industry and spark sharp debate within his own political base.

Speaking at a recent donor event at his Bedminster, New Jersey, country club, Trump acknowledged he is considering moving marijuana from its current Schedule I classification, alongside heroin and LSD, to a lower category that recognizes its medical value, reports Axios on Tuesday.

While short of legalization, such a change would ease tax burdens on cannabis businesses, allow them to deduct expenses, and expand opportunities for medical research.

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