Rescheduling cannabis at the federal level may not full alleviate the insurance and finance challenges that currently face marijuana businesses. (Credit: Maksym Yemelyanov/Adobe Stock) Rescheduling cannabis is not the same as decriminalizing it. (Credit: Maksym Yemelyanov/Adobe Stock)

In a move that illustrates the issue of marijuana use and banking legalization becoming a  political unifier, Donald Trump took to social media recently to express support for cannabis rescheduling.

Related: How rescheduling marijuana would impact insurance

"As President, we will continue to focus on research to unlock the medical uses of marijuana to a Schedule 3 drug, and work with Congress to pass common sense laws, including safe banking for state authorized companies, and supporting states rights to pass marijuana laws, like in Florida, that work so well for their citizens," Trump is reported to have posted on Truth Social early in September.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as ALM's PropertyCasualty360 Group Chief Editor. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].