Trump reclassifies marijuana as Schedule III, opening door to tax relief for Michigan businesses

President Donald Trump issued an executive order Thursday reclassifying marijuana as a Schedule III controlled substance, a change that does not legalize the drug at the federal level but could mean significant tax savings for Michigan cannabis businesses. Read: https://www.clickondetroit.com/news/local/2025/12/19/trump-reclassifies-marijuana-as-schedule-iii-opening-door-to-tax-relief-for-michigan-cannabis-businesses/