Trump Says He Supports Cannabis Rescheduling & Banking Access

Former President Donald Trump (R) posted over the weekend on his Truth Social website that he supports moving cannabis from Schedule I to Schedule III under federal law and giving cannabis companies access to traditional banking services.

“As President, we will continue to focus on research to unlock the medical uses of marijuana to a Schedule 3 drug, and work with Congress to pass common sense laws, including safe banking for state authorized companies, and supporting states rights to pass marijuana laws, like in Florida, that work so well for their citizens.” — Trump, in a statement posted on Sunday

Trump’s latest update regarding his position on cannabis policy comes about a week after breaking with Florida Gov. Ron DeSantis (R) and many Republicans, suggesting that he would support Amendment 3, the state’s upcoming adult-use cannabis initiative. The former president confirmed his support for the legalization amendment in his post on Sunday:

“As I have previously stated, I believe it is time to end needless arrests and incarcerations of adults for small amounts of marijuana for personal use. We must also implement smart regulations, while providing access for adults, to safe, tested product,” Trump wrote. “As a Floridian, I will be voting YES on Amendment 3 this November.”

Meanwhile, Trump’s election opponents in the presidential campaign for Vice President Kamala Harris (D) notably failed to mention any cannabis policy positions in its long-awaited issues page, posted today on the campaign’s website.

But a recent statement by Harris campaign spokesperson Joseph Costello suggested that Trump’s seemingly sudden shift on cannabis was dishonest, citing his administration’s poor record on cannabis:

“Despite his blatant pandering, Donald Trump cannot paper over his extensive record of dragging marijuana reform backward,” Costello said in a statement. “As president, Trump cracked down on nonviolent marijuana offenses — undermining state legalization laws, opposed safe banking legislation, and even tried to remove protections for medical marijuana.”