Change will loosen limits on research and certain regulations but stops short of making marijuana legal

Donald Trump on Thursday signed an executive order to move cannabis out of the most restrictive drug category, a change that would loosen limits on research and certain regulations but stop short of making marijuana legal nationwide.

“I’m pleased to announce that I will be signing an Executive Order to reschedule marijuana from a Schedule I to a Schedule III controlled substance with legitimate medical uses,” the president said from the Oval Office.

“This reclassification order will make it far easier to conduct marijuana-related medical research, allowing us to study benefits, potential dangers and future treatments,” Trump added. “It’s going to have a tremendously positive impact.”

The action allows for a pilot program that reimburses Medicare patients for products containing CBD, a widely used cannabis-derived compound that does not produce a high.