Trump just made the biggest federal cannabis move in over 50 years, and Wall Street is already reacting. I'm Bernie Gomez at CNBC headquarters, and President Trump has officially signed an executive order reclassifying cannabis, moving it out of schedule one, the same category as heroin, and into schedule 3. That change eases restrictions on research, banking, and taxes, and could reshape the entire cannabis industry.Now, Trump says the move is about patients, including veterans, seniors, and people with ch ...

Just a short time ago, President Trump announced a new change on cannabis policy. In an executive order signed this afternoon, the president laid out his intention to reclassify cannabis under the Controlled Substances Act. Right now, cannabis is a schedule one substance along with drugs like heroin, LSD.Under the law, these drugs are considered to have the highest potential for abuse and no medical use. Under the executive order, cannabis would now become a schedule three substance, falling into the same c ...