Pot Inc. is waiting to cash in on Trump’s marijuana reclassification — but the DOJ is still dragging its feet
Airfind news item
By Charles Gasparino
Published on March 22, 2026.
The US government is moving towards loosening its regulations on marijuana, but whether this will be enough to mainstream the drug like alcohol and tobacco remains uncertain. The Justice Department is finalizing on President Trump's Dec. 18 executive order moving weed out of the "Schedule 1" classification for hard drugs like heroin and into a less draconian and more bankable category, according to top pot executives and investors. US Attorney General Pam Bondi is expected to shift weed into a "ScheSchedule 3" drug alongside medications like codeine-laced Tylenol. This could have significant implications for Pot Inc., a $70 billion business that wants to get bigger. However, most big banks (JPMorgan, BofA, Citi) and most major credit-card companies have refused to accept transactions involving pot.
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