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      Legal cannabis won’t be on FL ballot, officials say (Newsletter: February 3, 2026)

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    Home » Trump cannabis order could touch banking & CBD Medicare coverage (Newsletter: December 18, 2025)
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    Trump cannabis order could touch banking & CBD Medicare coverage (Newsletter: December 18, 2025)

    adminBy adminDecember 20, 202505 Mins Read0 Views
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    Trump cannabis order could touch banking & CBD Medicare coverage (Newsletter: December 18, 2025)
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    GOP lawmaker slams rescheduling; Poll: Voters back legalization; Marijuana in public housing; ME gov candidate: don’t sign recriminalization petition

    Subscribe to receive Marijuana Moment’s newsletter in your inbox every weekday morning. It’s the best way to make sure you know which cannabis stories are shaping the day.

    Your support makes Marijuana Moment possible…

    Before you dig into today’s cannabis news, I wanted you to know you can keep this resource free and published daily by subscribing to Marijuana Moment on Patreon. We’re a small independent publication diving deep into the cannabis world and rely on readers like you to keep going.

    Join us at https://www.patreon.com/marijuanamoment

    / TOP THINGS TO KNOW

    A White House spokesperson confirmed to Marijuana Moment that President Donald Trump is “currently expected to address marijuana rescheduling” on Thursday, but added that “any details of this potential action until officially announced by the White House are speculation.”

    • Sources familiar with the planning said a signing ceremony is scheduled for 1:30 PM ET and that the president will be surrounded by various cannabis industry and movement stakeholders when signing the order.

    President Donald Trump’s anticipated executive order on marijuana rescheduling could also contain provisions on cannabis industry banking access and Medicare coverage for CBD—and may additionally be accompanied by clemency actions—according to news reports and sources.

    Rep. Andy Harris (R-MD) is arguing that President Donald Trump “technically” can’t reschedule marijuana by executive order—though he acknowledged it “would be a heavy lift” to overturn the reform in Congress.

    A new poll commissioned by the conservative religious group Ethics and Public Policy Center shows that a majority of Americans support legalizing marijuana—though Trump voters are largely not on board, with the exception of younger ones.

    Sen. Cory Booker (D-NJ) and Rep. Eleanor Holmes Norton (D-DC) filed legislation to protect people who live in public housing from being evicted over marijuana use that is legal under state law.

    Maine Republican gubernatorial candidate David Jones said a proposed initiative to roll back marijuana legalization is “really dumb,” and he’s urging voters not to sign petitions to put it on the ballot.

    / FEDERAL

    The U.S. Tax Court upheld the Internal Revenue Service’s application of the 280E tax penalty to a marijuana business.

    The Drug Enforcement Administration is running a campaign it calls “30 Days of Drug Facts.”

    Sen. Catherine Cortez Masto (D-NV) tweeted, “Even if cannabis becomes a Schedule III drug, we need specific legislation like my SAFER Banking Act to allow legal cannabis businesses in Nevada to access banking services, accept debit and credit cards, and combat money laundering and fraud.”

    Former Rep. Matt Gaetz (R-FL) said it is “great to see” reports that President Donald Trump may issue a marijuana rescheduling order this week.

    The House bill to federally legalize marijuana got one new cosponsor for a total of 60.

    The House bill to create a pathway for patients to use Schedule I drugs got two new cosponsors for a total of 11.

    / STATES

    New Jersey Gov. Phil Murphy (D) commuted the parole supervision of a man who served time in prison for marijuana.

    A Missouri representative spoke about legislation to restrict hemp products.

    Colorado regulators issued an expanded health and safety advisory about cannabis products with pesticides above acceptable limits.

    The Michigan Court of Appeals ruled that a medical cannabis dispensary cannot deduct its business expenses from state taxes.

    New York regulators are being sued over new marijuana tracking rules.

    Maryland lawmakers will file legislation to decriminalize drug paraphernalia in the 2026 session.

    California regulators sent updates on various cannabis issues.

    Dozens of Alabama doctors have taken a course that’s required to be able to recommend medical cannabis.

    The Nevada Cannabis Compliance Board will meet on Thursday.

    —
    Marijuana Moment is tracking hundreds of cannabis, psychedelics and drug policy bills in state legislatures and Congress this year. Patreon supporters pledging at least $25/month get access to our interactive maps, charts and hearing calendar so they don’t miss any developments.


    Learn more about our marijuana bill tracker and become a supporter on Patreon to get access.
    —


    / SCIENCE & HEALTH

    A study found that “dietary cannabidiol supplementation enhances growth performance, meat quality and antioxidant capacity in Landes geese.”

    A study’s findings “support the idea that [medical marijuana] substitutes for prescription painkillers.”

    A study found that “chronic treatment with cannabidiol confers significant anti-seizure benefit to the mouse model of [late infantile neuronal ceroid lipofuscinosis] disease.”

    / ADVOCACY, OPINION & ANALYSIS

    The Washington Post editorial board is calling for federal marijuana legalization.

    Prohibitionist organization Smart Approaches to Marijuana launched a new ad urging President Donald Trump not to reschedule cannabis.

    CNN commentator Harry Enten said President Donald Trump rescheduling marijuana “would be some of his best politics in a long time.”

    / BUSINESS

    Vireo Growth Inc. is acquiring certain Colorado assets from PharmaCann Inc.

    Trulieve Cannabis Corp. closed a private placement of senior secured notes for aggregate gross proceeds of $140 million.

    Make sure to subscribe to get Marijuana Moment’s daily dispatch in your inbox.

    Photo courtesy of Chris Wallis // Side Pocket Images.

    Marijuana Moment is made possible with support from readers. If you rely on our cannabis advocacy journalism to stay informed, please consider a monthly Patreon pledge.

    Become a patron at Patreon!

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    January 31, 2026
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