The wait may be nearing its end: cannabis rescheduling is formally underway. At a critical moment for the industry, President Trump has issued an executive order directing the Attorney General to pursue rescheduling cannabis from Schedule I to Schedule III under the Controlled Substances Act. While the process is not yet complete, and cannabis remains a Schedule I substance for now, the directive signals a potential turning point. And it could not have come at a more critical moment.
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