Trump reportedly considering reclassifying marijuana to less dangerous status
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 09 2025
0mins
Source: SeekingAlpha
Trump's Interest in Marijuana Rescheduling: President Donald Trump is considering downgrading marijuana to a less dangerous classification, following discussions with cannabis industry leaders and previous commitments made during his presidency.
Stalled Proposal for Reclassification: The effort to reclassify cannabis as a Schedule III drug under the Controlled Substances Act, initiated by the Biden administration, remains stalled at the Drug Enforcement Agency.
Analyst Views on MJ
Wall Street analysts forecast MJ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MJ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
0 Buy
0 Hold
0 Sell
Current: 29.460
Low
Averages
High
Current: 29.460
Low
Averages
High
No data
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
