Trump said Monday that he is considering a proposal to move marijuana to Schedule III, the same category as drugs like ketamine and Tylenol with codeine.

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.

His comments come after reports that his administration was considering the change. President Donald Trump said Monday his administration was “looking at reclassification” of marijuana and intends to make a decision in the upcoming weeks.