Trump said Monday that he is considering a proposal to move marijuana to Schedule III, the same category as drugs like ketamine and Tylenol with codeine.

The Trump administration is mulling whether to reclassify marijuana as a less-dangerous drug, a move that could potentially expand its retail sale, according to comments the president made Monday.

U.S. President Donald Trump's administration is looking to reclassify marijuana as a less dangerous drug, a shift that could ease criminal penalties and reshape the pot industry by lowering tax burdens and making it easier for firms to secure funding.