[#item_full_content] President Donald Trump has directed his administration to pursue reclassifying marijuana as a less dangerous drug. The change could reduce taxes for the marijuana industry and facilitate more research on medicinal uses. Trump’s executive order on Thursday does not legalize marijuana under federal law and still requires federal regulatory approval. Marijuana is currently a Schedule I drug, but Trump proposes reclassifying it as a Schedule III substance. The change could save marijuana businesses hundreds of millions of dollars in taxes. Support for marijuana legalization has grown, but some opponents worry about increased commercialization and usage. 
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