President Donald Trump signed an executive order last Thursday to initiate the process of rescheduling marijuana from a Schedule One to a Schedule Three drug, which could impact the cannabis industry in Oklahoma by reducing barriers for research and business operations.The executive order instructs Attorney General Pam Bondi to take all necessary steps to facilitate this change. While the order does not federally legalize marijuana for recreational use, it sets in motion the process to alter its scheduling. An Oklahoma City dispensary owner said this change would allow businesses to use payroll and accounting services, making banking easier, though state laws will continue to apply to local dispensaries.”Oklahoma will still control everything about how we operate as a business. We’re just able to use more resources that other businesses use already,” said Corbin Wyatt, owner of Likewise Cannabis.Wyatt also mentioned that the cost of cannabis products in Oklahoma is unlikely to change due to a moratorium on new cannabis business licenses, which remains in effect until Aug. 1, 2026. This moratorium helps maintain stable prices by naturally decreasing the number of operating businesses.”By doing that, they’re kind of naturally decreasing the number of operating businesses, which is helping prices hold more steady,” Wyatt said.It is anticipated that the rescheduling process could take most of 2026 to complete. The Oklahoma Bureau of Narcotics declined to comment, stating they are reserving any statement until more details are available.