President Donald Trump signed an executive order on Thursday reclassifying marijuana as a less dangerous drug. Currently, cannabis is classified as a Schedule I drug, the most restrictive federal category that includes heroin and LSD.

Boxing legend Mike Tyson celebrated President Donald Trump's executive order reclassifying marijuana from Schedule I to Schedule III drug status.

The reclassification would move marijuana away from its current classification as a Schedule I drug, alongside heroin and LSD. Cannabis would instead be a Schedule III substance, like ketamine and some anabolic steroids.

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,