Trump’s Executive Order to Reclassify Cannabis Could Benefit Maryland Businesses

December 19, 2025 - 01:04

In a significant policy shift, former President Donald Trump has signed an executive order that reclassifies cannabis from Schedule I to Schedule III under federal law. This change is expected to have far-reaching implications for the cannabis industry, particularly in Maryland, where businesses could see substantial financial relief. By moving cannabis to Schedule III, companies may save millions in taxes, as this classification allows for more favorable tax treatment compared to its previous status.

Additionally, this reclassification is anticipated to improve access to capital for cannabis businesses, enabling them to secure loans and investments that were previously difficult to obtain due to the stringent regulations surrounding Schedule I substances. The move is seen as a potential catalyst for growth in the industry, encouraging more entrepreneurs to enter the market and contributing to job creation. As the cannabis landscape continues to evolve, this executive order marks a pivotal moment for both Maryland and the broader national cannabis sector.