'Big Business Opportunity': Cannabis CEO Celebrates DOJ Easing Regulations On Medical Marijuana

Business'Big Business Opportunity': Cannabis CEO Celebrates DOJ Easing Regulations On Medical MarijuanaByForbesTV,Forbes Staff.Follow AuthorApr 23, 2026, 05:55pm EDTThe Trump administration reclassified medical marijuana as a less dangerous drug on Thursday. FDA-approved and state-licensed medical marijuana was rescheduled from a Schedule I drug to the less strict Schedule III category. Irwin Simon, the chairman and CEO of Tilray, joined "Forbes Newsroom" to react to the news, and discuss what it means for the cannabis industry.Got a tip? Share confidential information with Forbes.Editorial StandardsReprints & Permissions