President Donald Trump signed an executive order reclassifying marijuana from Schedule I to Schedule III, easing restrictions and enabling more medical research.

Moving cannabis to a category of drugs that includes some common medicines will have implications for research, businesses and patients.

President Donald Trump is expected to reclassify marijuana from a Schedule I drug to a Schedule III drug on Thursday, CNN reports. Newsweek contacted the White House for comment via email after office hours.

The executive order would reclassify marijuana from a Schedule I to a less dangerous, Schedule III drug. Business leaders say the move is "long overdue" and it would open the door for more benefits for businesses and consumers.

Marijuana’s classification as one of the most dangerous and habit-forming substances has long drawn criticism.

The president signed an executive order on Thursday to reschedule marijuana to a lower drug classification, one of the most significant changes to drug policy in decades.

U.S. ‌President Donald Trump ​is expected ‍to address the ​potential ​loosening ⁠of federal regulations on marijuana on Thursday, ‌according to a ​White House ‌official. While ‍Trump "is currently expected ⁠to address marijuana rescheduling tomorrow,