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BREAKING: Cannabis is moving to Schedule III, starting with medical.
Under a new order, state-regulated medical cannabis and any FDA-approved marijuana products will be classified as Schedule III.
For operators, this begins to ease the burden of 280E — a tax rule that has limited standard business deductions for years.
Rescheduling also opens the door to expanded federal research, accelerating how cannabis is studied and understood.
On June 29, an expedited administrative hearing will begin to consider broader rescheduling from Schedule I to Schedule III.
This isn't the finish line to full legalization, but it's a meaningful step forward.
Credit to the operators, advocates, and patients who pushed this forward.

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