At a press conference today, President Donald Trump confirmed that his administration is actively weighing whether to reschedule marijuana under federal law, saying a decision could come soon.

“We’re looking at reclassification [of marijuana] and we’ll make a determination over the next few weeks. And that determination will hopefully be the right one,” said Trump. He added that “it’s a very complicated subject.”

Trump’s remarks follow recent reports that his administration is considering moving marijuana out of its current Schedule I classification under the Controlled Substances Act, where it has been listed alongside substances such as heroin and LSD since the law was enacted in 1970. Schedule I is reserved for drugs considered to have a high potential for abuse and no accepted medical use.

Rescheduling marijuana could have far-reaching implications, from facilitating research and medical access to potentially reshaping the legal and financial landscape for the industry nationwide. While such a move would not legalize marijuana at the federal level, it could mark the most significant shift in federal marijuana policy in more than 50 years.

The president’s comments add to growing anticipation among lawmakers, industry advocates, and state officials who have been pressing the federal government to act. A decision “over the next few weeks,” as Trump indicated, would likely come before the end of summer, positioning marijuana policy as a major political topic heading into the fall.