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economy.Currently, marijuana is classified as a Schedule I drug — alongside heroin, LSD and MDMA (1). These drugs are considered more dangerous and are defined as having no acceptable medical use.Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's howDave Ramsey warns nearly 50% of Americans are making 1 big Social Security mistake — here’s what it is and 3 simple steps to fix it ASAPRobert Kiyosaki says this 1 asset will surge 400% in a year — and he begs investors not to miss its ‘explosion’Trump is considering reclassifying marijuana as a Schedule III drug, alongside some types of testosterone, estrogen and caffeine. Drugs in this classification have a lower risk of abuse and accepted medical uses."We're looking at reclassification and we'll make a determination over the next — I would say over the next few weeks, and that determination hopefully will be the right one,” Trump said in a recent news conference. “It's [a] very complicated subject.”While this shift will not federally legalize marijuana, there are billions in untapped potential in the hemp industry, according to a report by Grand View Research (3), that could have a major impact on the U.S. economy and the stock market.If Trump reclassifies marijuana from Schedule I to Schedule III, the effects could ripple through the economy almost immediately.For one, cannabis businesses would gain access to major tax breaks, according to PBS (4). Right now, companies that sell marijuana in states where it’s legal can’t deduct normal business expenses — such as payroll, marketing and rent — because these companies are “trafficking” a Schedule I drug. Reclassification would open the door to those deductions, which could lead to significant tax savings.The change would also make it easier for scientists to conduct federally approved research on marijuana, as it's very difficult for companies to research Schedule I drugs. This could uncover new use cases and open up new markets. This reclassification could also help normalize the industry in the eyes of mainstream investors.A number of cannabis stocks are already trading on the NYSE, and reclassification could send prices shooting skyward. 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