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After former President Donald Trump’s unambiguous endorsement of both marijuana and cannabis on Sunday, several major national marijuana trade associations threw their collective caps in the air. federal cannabis rescheduling Many had a misconception about the – He feared that he might halt If re-elected in November, he will be able to implement a Florida ballot initiative to legalize recreational marijuana.

Trump went even further in his Sunday endorsement by putting his political weight behind other pro-cannabis measures, such as SAFER Banking Act, and other measures which have been stalled in Congress.

“As Floridian, this November I will vote YES for Amendment 3. As President, I will continue to focus my efforts on research to unlock medical uses of marijuana as a Schedule 3 substance, and work with Congress in passing common sense laws. This includes safe banking for state-authorized companies and supporting the states’ rights to pass marijuana legislation, like Florida, which works so well for its citizens. Trump wrote Truth Social, his social media platform.

After weeks of Trump’s ambiguity, the clarification comes after weeks Back and forth on Amendment 3 Cannabis policy in Florida, especially as Florida Gov. Ron DeSantis has waged war against the ballot question. Call for other Republicans To also oppose it. This puts the former president and the current governor at odds on the issue.

Trump’s new position puts cannabis industry fears to rest about his reversal. Order 2022 by President Joe Biden This was the catalyst for the rescheduling. This process is still in progress and will be the subject administrative Hearings slated Drug Enforcement Administration on Dec. 2. The DEA proposes to move cannabis from Schedule I to Schedule III.

Both major party candidates are in favor of moving cannabis to Schedule III after the announcement made by the former president Trump last night. Adam Goers, the co-chair of Coalition for Cannabis Scheduling Reform said in a press release that there should be no more delay. He added that Trump’s position made it clear that reclassifying marijuana is not a political issue.

“Regardless of what happens in November, cannabis will be rescheduled soon after spending over 50 years on Schedule I with heroin,” Goers said.

David Culver is the senior vice president for public affairs at the U.S. Cannabis Council. He said: “We welcome the historic endorsement by former President Trump of large-scale marijuana reform.” Culver called it a “historical” pivot away from the decades-long drug war.

Culver stated in a press release that “Cannabis was never meant to be on Schedule I. The drug’s low potential for abuse and its proven medical use warrants a Schedule III designation if not a complete descheduling.”

Culver said that Trump’s support could be crucial in the Florida legalization campaigns, especially since the ballot question requires a supermajority instead of the usual simple majorities of more than 50%.

“President Trump’s support could prove crucial for meeting the 60% threshold needed to become law. His support for SAFE is a common-sense approach to bringing marijuana into the regulated banking systems. Culver said, “We look forward to hearing from him more about how he will approach cannabis reform if he is elected this November.” “We think cannabis reform is a win-win issue. For the first time ever, both major parties candidates support a large-scale reform of cannabis.”

Saphira Galoob is the executive director of the National Cannabis Roundtable. She said in a release that the group also celebrated Trump’s newly found pro-cannabis stances.

Galoob said, “This is a historic moment in our ongoing battle for federal cannabis reform because the Presidential nominees from both of our major parties have now both embraced our legalization efforts.” “Legislators from both sides of the aisle must work together to end federal prohibition of cannabis, and implement other important federal cannabis reforms. Starting with SAFE Banking by the end of the year.”

Emily Paxhia of Poseidon Investment Management, managing partner, warned that if the Democrats do not respond to reclaim cannabis as a political matter, it could be a missed opportunity for Vice-President Kamala Harris and any other Democrats running in this election cycle.

Paxhia, in a press release, said that Trump has “thrown down the gauntlet” with his latest comments on cannabis reform. “He has touched on issues that resonate both with the cannabis industry and consumers/patients.” He has also shown his opinion about cannabis is becoming more educated. It is refreshing to see such a logical take on cannabis in this election, and it is shocking to note the silence of the Harris campaign. The time has come to take a stand on cannabis reform or the Democratic ticket could miss out on a topic that is polling better than anything else in our country right now.

Harris Flip her position After joining the U.S. Senate, she worked on cannabis reforms. She was previously California’s attorney general. She was also a major sponsor of The MORE Act While in the Senate, she put her name on Other pro-cannabis bills. She has also stated that she strongly supports the rescheduling of events.