President Trump signed an executive order to classify marijuana as a less dangerous substance, a move applauded by Michigan's marijuana industry.

On Thursday, President Trump signed an executive order directing federal agencies to reclassify cannabis — putting it in the same class as prescription drugs. The order loosens restrictions on marijuana to make it easier to perform medical research but does not legalize the drug.

Marijuana’s classification as one of the most dangerous and habit-forming substances has long drawn criticism.

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

President Trump’s Executive Order on rescheduling marijuana caps a year of major cannabis law changes. Learn how employers must update testing and compliance now.

Tennessee is one of 10 states where medical marijuana remains illegal after President Donald Trump federally reclassified it as a less dangerous drug.

President Trump signed an executive order Thursday reclassifying marijuana as a Schedule III drug. CBS News New York's Dick Brennan reports.

The reclassification would move marijuana away from its current classification as a Schedule I drug, alongside heroin and LSD. Cannabis would instead be a Schedule III substance, like ketamine and some anabolic steroids.