The order places FDA-approved products containing marijuana and state-regulated medical marijuana products at a lower drug classification.

Acting AG moves state medical marijuana to Schedule III — eases research, allows federal tax deductions, not legalization.

The Justice Department said the drug will now be listed on Schedule III, similar to some common prescription painkillers. The order does not decriminalize marijuana for recreational use.

The order from the Department of Justice moves state-licensed medical marijuana from a Schedule I drug to Schedule III, which is less restrictive.

The policy shift could make it much easier to buy and sell pot and reward investors in the multibillion-dollar cannabis industry.

The Trump administration moved marijuana into a category of drugs considered less dangerous, on par with Tylenol with codeine.

President Donald Trump's administration is reclassifying state-licensed marijuana as a "less-dangerous" drug, Acting Attorney General Todd Blanche announced Thursday. Blanche signed an order reclassifying FDA-approved and state-licensed marijuana from Schedule I – reserved for drugs like heroin – to the less strict Schedule III.

President Trump’s acting attorney general on Thursday signed an order reclassifying state-licensed medical marijuana as a less-dangerous drug, a major policy shift long sought by advocates who said cannabis should never have been treated like heroin by the federal government.