U.S. President Donald Trump on Thursday signed an order directing the loosening of federal regulations on marijuana, a move that could further reverse decades of tough-on-weed policy.

Moving marijuana to Schedule III places in the same category as Tylenol with codeine or anabolic steroids, allowing accepted medical use and a lower potential for abuse while keeping it regulated.

News' Isabel Flores reaches out to Oklahoma dispensaries to find out what they know regarding the new executive order reclassifying marijuana from a Class 1 drug to a Schedule 3.

Pot stocks fell for the second day Friday, but traders may be underestimating cost savings from Trump’s move to reclassify cannabis products.

He signed the bill into law, blocking a provision that would have allowed bars and breweries to sell THC-infused drinks in Ohio.

TOPEKA — President Donald Trump took the first step Thursday to reclassify marijuana, but the move won’t affect Kansans unless the state changes its laws, a law enforcement professional said. Trump signed an executive order to drop marijuana from a Schedule I drug under the Controlled Substances Act to a Schedule III drug.

Still, Trump’s order was a positive step for marijuana stocks, Seaport Research Partners argued in a research note. The firm saw Thursday’s pullback as a “textbook ‘sell-the-news’ reaction” driven in part by a lack of clarity around timing or a greater move toward banking access for cannabis companies.