Trump signs executive order to reschedule cannabis. Here’s what’s next
December 19, 2025 • 2m 33s
Carl Quintanilla (Co-anchor of Squawk on the Street)
00:00.230
our
brandon
gomez
has
more
on
why
that
move
came
about
and
why
now
hey
brandon
Brandon Gomez (Reporter)
00:06.390
but
instead
investors
clearly
seeing
more
haze
ahead
still
the
group
holding
solid
gains
month
to
date
let's
start
with
what
actually
happened
yesterday
president
trump
signed
an
executive
order
directing
the
DEA
to
reclassify
cannabis
from
schedule
one
to
schedule
three
now
Brandon Gomez (Reporter)
00:21.310
that
eases
restrictions
on
medical
research
banking
and
taxes
the
administration
also
launched
a
medicare
pilot
program
allowing
some
seniors
starting
in
april
to
receive
up
to
five
hundred
dollars
a
year
in
hemp
derived
CBD
products
so
why
the
pullback
this
week
well
for
Brandon Gomez (Reporter)
00:36.070
starters
this
isn't
final
yet
once
the
DEA
finalizes
the
the
change
there's
a
formal
challenge
period
likely
litigation
and
carl
there
will
be
challenges
congress
just
passed
a
ban
on
all
hemp
products
starting
november
twenty
twenty
six
including
the
very
CBD
products
under
Brandon Gomez (Reporter)
00:54.070
this
pilot
now
the
order
does
say
that
the
white
house
will
quote
work
with
congress
to
update
the
statutory
definition
of
final
hemp
derived
cannabinoid
products
but
what
that
ultimately
looks
like
remains
to
be
seen
now
beyond
the
logistics
hurdle
carl
the
big
question
is
why
Brandon Gomez (Reporter)
01:09.670
now
well
the
president
has
long
taken
an
anti
drug
stance
but
behind
the
scenes
there's
been
growing
industry
engagement
including
truly
CEO
kim
rivers
who
is
on
DC
or
who
is
in
DC
yesterday
and
intensified
lobbying
in
washington
back
in
september
the
president
even
shared
a
Brandon Gomez (Reporter)
01:24.390
medical
CBD
commercial
produced
by
longtime
friend
and
supporter
howard
kessler
now
you
put
all
that
together
and
this
EO
is
less
a
sudden
shift
in
more
calculated
and
timing
it's
testing
a
limited
focused
path
to
reform
not
to
mention
appealing
to
states
already
moving
ahead
Brandon Gomez (Reporter)
01:40.350
and
keeping
tighter
controls
in
place
as
the
twenty
twenty
six
election
cycle
starts
to
come
into
view
here
carl
Carl Quintanilla (Co-anchor of Squawk on the Street)
01:46.710
couple
things
occur
to
us
brandon
one
is
just
how
powerful
is
the
lobby
since
the
business
the
industry
is
relatively
young
highly
fragmented
a
lot
of
it's
canadian
and
then
the
other
is
the
influence
of
RFK
junior
and
and
what
HHS
thinks
about
all
this
Brandon Gomez (Reporter)
02:00.590
yeah
absolutely
and
i
did
reach
out
to
HHS
they
said
this
is
in
the
hands
of
the
white
house
they
didn't
have
a
comment
on
that
matter
itself
but
we
do
know
that
RFK
junior
has
been
a
fan
of
these
alternative
medicines
you
know
to
date
but
in
addition
to
the
the
lobbying
efforts
Brandon Gomez (Reporter)
02:12.830
we've
really
seen
an
uptick
year
over
year
in
cannabis
influence
in
DC
and
i
think
that
that's
really
speaks
to
what
you're
seeing
here
it's
getting
these
these
surveys
these
polls
on
the
president
's
radar
so
that
he
can
see
that
perhaps
this
is
appealing
to
younger
voters
to
Brandon Gomez (Reporter)
02:26.990
the
senior
voters
as
well
as
we
again
head
to
this
sort
of
twenty
twenty
six
you
know
midterm
election
process
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