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President Trump is calling for legislative reforms to protect the hemp industry and is expanding access to psychedelic treatments for mental health conditions. Additionally, federal tax authorities are planning relief for medical marijuana businesses as states continue to update their own cannabis and hemp laws.

Big Moves for Hemp: Trump Calls on Congress to Fix CBD Rules Fast

Apr 27, 2026

Source:

Tom Angell

Marijuana Moment

The latest federal moves are shaking up the cannabis and hemp landscape in a big way. Leading the charge, President Trump is calling on Congress to step in and save full-spectrum CBD products. Due to a previous spending bill, many of the hemp-derived options people rely on for daily wellness are facing a serious threat of being banned later this year. The administration is pushing for a quick fix to protect both the farmers growing the crop and the millions of enthusiasts who use these products for relief.

On the marijuana side, things are looking up for the industry's bottom line. The Treasury Department and the IRS are preparing for a massive shift as rescheduling moves forward. By reclassifying cannabis, businesses in the medical sector will finally be able to ditch the dreaded 280E tax rule. This means they can deduct normal business expenses just like any other company, which is a huge win for the stability and growth of the brands we love. Guidance on how this relief will be rolled out is expected to arrive soon.

It’s not just about traditional flower and oils, either. The FDA is fast-tracking access to psychedelics for mental health treatments following a new executive order. This signals a much more open-minded approach to alternative therapies at the federal level. Meanwhile, the House is looking into how well state laws are working and how to prevent products from crossing into "dry" jurisdictions.

Down at the state level, Missouri just moved to ban intoxicating hemp products, while Pennsylvania’s governor is using the federal rescheduling momentum to push for full legalization. Whether you are a casual user or a medical patient, these updates show that the era of "reefer madness" is being replaced by practical, economic-driven policy. It’s a great time to stay informed and support your local dispensaries as they navigate these historic changes. Keep an eye on local news, as state-specific rules are shifting almost as fast as the federal ones.

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