President Trump considers rescheduling marijuana to Schedule III despite some strong GOP opposition. House Republicans urge president to keep current classification.

A White House spokesperson has confirmed to Marijuana Moment that President Donald Trump is “currently expected to address marijuana rescheduling” on Thursday, though they added that “any details of this potential action until officially announced by the White House are speculation.

President Donald Trump said Monday that the White House is “very strongly” considering signing an executive order to reschedule marijuana to a lower drug classification, which would ease federal restrictions.

Cannabis stocks surged on Friday following reports that President Trump plans to push to ease federal restrictions on marijuana. The White House is expected to direct federal agencies to reclassify cannabis as a less-dangerous drug,

President Donald Trump will be signing an executive order on Thursday that will direct the attorney to “expedite” and “complete” the marijuana rescheduling process, throw a lifeline to the hemp industry,