Leader Schumer Statement Following President Trump’s Executive Order On The Reclassification Of Cannabis

Washington, D.C. - Senate Democratic Leader Chuck Schumer (D-NY) today released the following statement on President Trump's executive order reclassifying cannabis from a Schedule I to a Schedule III drug:

"Though a step in the right direction, more must be done to decriminalize cannabis, ease overly restrictive banking regulations that stall industry progress in states where it is legal, and rectify the harms done by the War on Drugs. I remain committed to the SAFER Banking Act and the Cannabis Administration and Opportunity Act to accomplish these goals."

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