President Trump confirmed Monday his administration is considering reclassifying marijuana as a less dangerous drug. The big picture: The Wall Street Journal first reported that Trump was considering the action after pot companies contributed millions of dollars into the president's political groups.

Donald Trump has said he is “looking at” reclassifying marijuana as a less dangerous drug, days after he attended a $1m-per-head fundraiser with industry leaders.

President Donald Trump on Monday confirmed he and his administration are considering reclassifying marijuana as a less dangerous drug. Trump told reporters that it was early in the process but that he hoped to make a decision on the matter within the coming weeks.