Controversial former congressman and Trump loyalist Matt Gaetz despatched hashish shares rallying final week after suggesting in an op-ed that hashish rescheduling could possibly be ‘on the horizon’.

Gaetz, who has a historical past of supporting hashish reform throughout his tenure in Congress and was briefly set to turn into Legal professional Normal within the second Trump administration, revealed an opinion piece within the Tampa Bay Occasions final week.

In it, he steered that there may but be hope for the presently stalled hashish rescheduling course of, arguing that below Trump ‘there’s significant change lastly on the horizon’.

Trump’s private place on hashish has remained comparatively opaque since his inauguration, with vocal help of the rescheduling challenge and Florida adult-use legalization rising throughout his marketing campaign, however combined messaging and appointments within the early days of his administration.

In his article, Gaetz said that the present federal coverage has ‘severely hindered analysis, blocked entry for sufferers… and burdened respectable companies with pointless rules.

Reschedule Hashish! https://t.co/U6LM93DVsN

— Matt Gaetz (@mattgaetz) March 27, 2025

He positioned a specific emphasis on the advantages rescheduling would offer to ‘our nation’s veterans’, enabling the Division of Veterans Affairs to completely discover ‘cannabis-related remedies as an choice for these heroes’.

He continued: “Trump has lengthy been a champion of chopping via bureaucratic crimson tape, and his help for rescheduling hashish is one other instance of his dedication to commonsense reform.

“By backing this transfer, he stands up for sufferers, small companies and particularly our veterans. It’s essential that our federal businesses comply with via on this effort and eventually align federal hashish coverage with the desire of the American folks.”

Whereas Gaetz is believed to have fallen on his sword after being knowledgeable he didn’t have sufficient votes to be accredited as Legal professional Normal by the President-elect, in the end resulting in his withdrawal from the race, he has been one of many fiercest allies of Trump and is known to take care of a detailed relationship with him.

The obvious confidence drove hashish refill final week, with New Hashish Enterprise’s American Hashish Operator Index leaping almost 7% on Thursday, after the article was revealed, and remaining at these peaks via Friday.