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		<title><![CDATA[Cannabis Press Releases - All Forums]]></title>
		<link>https://www.cannabispressreleases.com/press-releases/</link>
		<description><![CDATA[Cannabis Press Releases - https://www.cannabispressreleases.com/press-releases]]></description>
		<pubDate>Wed, 29 Apr 2026 15:33:30 +0000</pubDate>
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			<title><![CDATA[Standard Press Release Formatting Submission Guidlines]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=55</link>
			<pubDate>Fri, 13 Feb 2026 14:35:44 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=55</guid>
			<description><![CDATA[<span style="font-size: large;" class="mycode_size"><span style="font-weight: bold;" class="mycode_b">? Standard Press Release Format &amp; Layout Guide</span></span><br />
<br />
If you're writing a professional press release, formatting matters just as much as the content. Journalists expect a clean, traditional layout that is easy to scan and structured properly.<br />
<br />
Below is the standard press release format used by most media outlets.<br />
<br />
<hr class="mycode_hr" />
<br />
<span style="font-weight: bold;" class="mycode_b"><span style="font-size: medium;" class="mycode_size">? Basic Press Release Layout</span></span><br />
<br />
<span style="font-weight: bold;" class="mycode_b">1. Company Logo (Optional)</span>  <br />
Placed at the top of the page, centered or aligned left.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">2. Release Instruction</span>  <br />
FOR IMMEDIATE RELEASE  <br />
OR  <br />
FOR RELEASE ON: Month Day, Year<br />
<br />
<span style="font-weight: bold;" class="mycode_b">3. Headline</span>  <br />
Large, bold, clear, and attention-grabbing (14–16pt if printed).<br />
<br />
<span style="font-weight: bold;" class="mycode_b">4. Subheadline (Optional)</span>  <br />
One supporting sentence that expands on the headline.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">5. Dateline</span>  <br />
City, State – Month Day, Year<br />
<br />
Example:  <br />
New York, NY – March 15, 2026 –<br />
<br />
<span style="font-weight: bold;" class="mycode_b">6. Lead Paragraph</span>  <br />
Answer the 5 W’s:<br />
<br />
• Who  <br />
• What  <br />
• When  <br />
• Where  <br />
• Why  <br />
• (Optional) How  <br />
<br />
This paragraph should summarize the entire announcement in 3–4 sentences.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">7. Supporting Paragraphs</span>  <br />
Provide details, background information, statistics, context, and impact.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">8. Quote Section</span>  <br />
Include at least one quote from:<br />
<br />
• CEO  <br />
• Founder  <br />
• Executive  <br />
• Partner  <br />
<br />
Example format:  <br />
"Quote goes here," said Name, Title.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">9. Additional Information (Optional)</span>  <br />
Bullet points can be used for:<br />
<br />
• Product features  <br />
• Event highlights  <br />
• Key statistics  <br />
• Launch details  <br />
<br />
<span style="font-weight: bold;" class="mycode_b">10. Boilerplate (About the Company)</span>  <br />
3–5 sentences explaining:<br />
<br />
• What the company does  <br />
• When it was founded  <br />
• Who it serves  <br />
• Mission or vision  <br />
<br />
<span style="font-weight: bold;" class="mycode_b">11. Media Contact Information</span><br />
<br />
Name  <br />
Title  <br />
Company  <br />
Phone  <br />
Email  <br />
Website  <br />
<br />
<span style="font-weight: bold;" class="mycode_b">12. End Mark</span>  <br />
Place one of the following centered at the bottom:<br />
<br />
###  <br />
OR  <br />
-30-<br />
<br />
<hr class="mycode_hr" />
<br />
<span style="font-weight: bold;" class="mycode_b"><span style="font-size: medium;" class="mycode_size">? Recommended Formatting Settings</span></span><br />
<br />
• Font: Times New Roman or Arial  <br />
• Body Size: 11–12pt  <br />
• Headline: 14–16pt bold  <br />
• Margins: 1 inch  <br />
• Length: 1 page (ideal), max 2 pages  <br />
• Single or 1.15 line spacing  <br />
<br />
<hr class="mycode_hr" />
<br />
<span style="font-size: medium;" class="mycode_size"><span style="font-weight: bold;" class="mycode_b">✅ Pro Tip</span></span><br />
<br />
Use the inverted pyramid structure — put the most important information at the top, and less critical details toward the bottom. This makes it easier for journalists to trim your release if needed.<br />
<br />
If you'd like, I can also create:<br />
<br />
• A fillable press release template  <br />
• A cannabis-industry specific version  <br />
• A product launch example  <br />
• A downloadable checklist  <br />
• A media outreach email template  <br />
<br />
Let me know what you want next ?]]></description>
			<content:encoded><![CDATA[<span style="font-size: large;" class="mycode_size"><span style="font-weight: bold;" class="mycode_b">? Standard Press Release Format &amp; Layout Guide</span></span><br />
<br />
If you're writing a professional press release, formatting matters just as much as the content. Journalists expect a clean, traditional layout that is easy to scan and structured properly.<br />
<br />
Below is the standard press release format used by most media outlets.<br />
<br />
<hr class="mycode_hr" />
<br />
<span style="font-weight: bold;" class="mycode_b"><span style="font-size: medium;" class="mycode_size">? Basic Press Release Layout</span></span><br />
<br />
<span style="font-weight: bold;" class="mycode_b">1. Company Logo (Optional)</span>  <br />
Placed at the top of the page, centered or aligned left.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">2. Release Instruction</span>  <br />
FOR IMMEDIATE RELEASE  <br />
OR  <br />
FOR RELEASE ON: Month Day, Year<br />
<br />
<span style="font-weight: bold;" class="mycode_b">3. Headline</span>  <br />
Large, bold, clear, and attention-grabbing (14–16pt if printed).<br />
<br />
<span style="font-weight: bold;" class="mycode_b">4. Subheadline (Optional)</span>  <br />
One supporting sentence that expands on the headline.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">5. Dateline</span>  <br />
City, State – Month Day, Year<br />
<br />
Example:  <br />
New York, NY – March 15, 2026 –<br />
<br />
<span style="font-weight: bold;" class="mycode_b">6. Lead Paragraph</span>  <br />
Answer the 5 W’s:<br />
<br />
• Who  <br />
• What  <br />
• When  <br />
• Where  <br />
• Why  <br />
• (Optional) How  <br />
<br />
This paragraph should summarize the entire announcement in 3–4 sentences.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">7. Supporting Paragraphs</span>  <br />
Provide details, background information, statistics, context, and impact.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">8. Quote Section</span>  <br />
Include at least one quote from:<br />
<br />
• CEO  <br />
• Founder  <br />
• Executive  <br />
• Partner  <br />
<br />
Example format:  <br />
"Quote goes here," said Name, Title.<br />
<br />
<span style="font-weight: bold;" class="mycode_b">9. Additional Information (Optional)</span>  <br />
Bullet points can be used for:<br />
<br />
• Product features  <br />
• Event highlights  <br />
• Key statistics  <br />
• Launch details  <br />
<br />
<span style="font-weight: bold;" class="mycode_b">10. Boilerplate (About the Company)</span>  <br />
3–5 sentences explaining:<br />
<br />
• What the company does  <br />
• When it was founded  <br />
• Who it serves  <br />
• Mission or vision  <br />
<br />
<span style="font-weight: bold;" class="mycode_b">11. Media Contact Information</span><br />
<br />
Name  <br />
Title  <br />
Company  <br />
Phone  <br />
Email  <br />
Website  <br />
<br />
<span style="font-weight: bold;" class="mycode_b">12. End Mark</span>  <br />
Place one of the following centered at the bottom:<br />
<br />
###  <br />
OR  <br />
-30-<br />
<br />
<hr class="mycode_hr" />
<br />
<span style="font-weight: bold;" class="mycode_b"><span style="font-size: medium;" class="mycode_size">? Recommended Formatting Settings</span></span><br />
<br />
• Font: Times New Roman or Arial  <br />
• Body Size: 11–12pt  <br />
• Headline: 14–16pt bold  <br />
• Margins: 1 inch  <br />
• Length: 1 page (ideal), max 2 pages  <br />
• Single or 1.15 line spacing  <br />
<br />
<hr class="mycode_hr" />
<br />
<span style="font-size: medium;" class="mycode_size"><span style="font-weight: bold;" class="mycode_b">✅ Pro Tip</span></span><br />
<br />
Use the inverted pyramid structure — put the most important information at the top, and less critical details toward the bottom. This makes it easier for journalists to trim your release if needed.<br />
<br />
If you'd like, I can also create:<br />
<br />
• A fillable press release template  <br />
• A cannabis-industry specific version  <br />
• A product launch example  <br />
• A downloadable checklist  <br />
• A media outreach email template  <br />
<br />
Let me know what you want next ?]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[California: Supreme Court Rules Police Can’t Search Vehicles Based on “Weed Crumbs”]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=54</link>
			<pubDate>Fri, 13 Feb 2026 14:28:27 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=54</guid>
			<description><![CDATA[California: Supreme Court Rules Police Can’t Search Vehicles Based on “Weed Crumbs”<br />
by NORML Posted on February 5, 2026<br />
<br />
Sacramento, CA: Police may neither charge a motorist with violating California’s “open container law” nor search a person’s vehicle solely upon the identification of a small quantity of marijuana “crumbs” on the floorboards, according to a ruling handed down by the state’s Supreme Court.<br />
<br />
In a unanimous opinion, the Justices determined that the state’s “open container” law should not be applied so broadly as to pertain to situations where police find “any loose marijuana” in a motor vehicle. Rather, the court decided that the marijuana “must be of a usable quantity, in imminently usable condition, and readily accessible to an occupant” to constitute a violation of the state’s “open container” law.<br />
<br />
The Court further determined that a police officer’s identification of “weed crumbs” does not provide probable cause for a warrantless vehicle search. They ruled, “The marijuana-related conduct here – possession of the rolling tray on the backseat and the crumbs on the floor [totaling 0.36 grams] – was lawful and alone was insufficient to find probable cause of a violation of California’s controlled substances law.”<br />
<br />
The Supreme Court’s ruling reverses the decision of the California Court of Appeals, which had previously granted police the authority to search the defendant’s vehicle based upon a finding of probable cause.<br />
<br />
The case is Sellers v. The Superior Court of Sacramento County.<br />
<br />
<a href="https://norml.org/news/2026/02/05/california-supreme-court-rules-police-cant-search-vehicles-based-on-weed-crumbs/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2026/02/05/califo...ed-crumbs/</a>]]></description>
			<content:encoded><![CDATA[California: Supreme Court Rules Police Can’t Search Vehicles Based on “Weed Crumbs”<br />
by NORML Posted on February 5, 2026<br />
<br />
Sacramento, CA: Police may neither charge a motorist with violating California’s “open container law” nor search a person’s vehicle solely upon the identification of a small quantity of marijuana “crumbs” on the floorboards, according to a ruling handed down by the state’s Supreme Court.<br />
<br />
In a unanimous opinion, the Justices determined that the state’s “open container” law should not be applied so broadly as to pertain to situations where police find “any loose marijuana” in a motor vehicle. Rather, the court decided that the marijuana “must be of a usable quantity, in imminently usable condition, and readily accessible to an occupant” to constitute a violation of the state’s “open container” law.<br />
<br />
The Court further determined that a police officer’s identification of “weed crumbs” does not provide probable cause for a warrantless vehicle search. They ruled, “The marijuana-related conduct here – possession of the rolling tray on the backseat and the crumbs on the floor [totaling 0.36 grams] – was lawful and alone was insufficient to find probable cause of a violation of California’s controlled substances law.”<br />
<br />
The Supreme Court’s ruling reverses the decision of the California Court of Appeals, which had previously granted police the authority to search the defendant’s vehicle based upon a finding of probable cause.<br />
<br />
The case is Sellers v. The Superior Court of Sacramento County.<br />
<br />
<a href="https://norml.org/news/2026/02/05/california-supreme-court-rules-police-cant-search-vehicles-based-on-weed-crumbs/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2026/02/05/califo...ed-crumbs/</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[The Cannabist Company and Ric Flair Drip Launch Partnership in Delaware]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=53</link>
			<pubDate>Mon, 26 Jan 2026 14:37:02 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=53</guid>
			<description><![CDATA[The Cannabist Company and Ric Flair Drip Launch Partnership in Delaware<br />
Signature Cannabis Line from Wrestling Icon Ric Flair to Expand Into Additional Markets in 2025<br />
December 19, 2024 <br />
<br />
<hr class="mycode_hr" />
NEW YORK--(BUSINESS WIRE)--Dec. 19, 2024-- The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the launch of its partnership with Ric Flair Drip in Delaware. The signature cannabis brand co-founded by the iconic wrestling World Champion, Ric Flair, is part of Carma HoldCo Inc., a leading global house of brands. Additional markets will follow in 2025.<br />
<br />
The Delaware debut of the Ric Flair Drip collection features all-in-one 1-gram vapes and vape cartridges in four curated flavors including: Love Afflair, Mango Mania, Strawberry Strut, and Relaxed AG – which is available exclusively as a cart. Known for its exceptional quality and vibrant flavors, the brand continues to embody the flamboyant personality and iconic lifestyle of its namesake, Ric Flair.<br />
<br />
“It’s an amazing and fun opportunity to work with legends like Ric and we’re stoked to kick off this partnership in Delaware just ahead of the market’s launch of adult-use sales later next year. Ric is such a dynamic personality, and his brand is already generating a lot of buzz around the industry,” said Jesse Channon, President, The Cannabist Company. “The continued evolution of our brand partnership model is not only helping to bring new and unique offerings to the market, it also contributes to the expanded production capacity at our top-tier facilities.”<br />
<br />
“Let me tell you something, bringing the Ric Flair Drip experience to Delaware is huge, baby!” said Ric Flair, the iconic wrestling World Champion behind the brand. “The Nature Boy is rolling into new markets, styling and profiling across the country. Ric Flair Drip is all about quality, individuality, and being the real deal—just like yours truly! I’m fired up to bring it to Delaware’s cannabis scene and team up with Cannabist to keep this ride going strong. Delaware, get ready to shine bright with the best! Wooooo!”<br />
<br />
To find the nearest Cannabist Company dispensary featuring this new partnership, visit <a href="https://cannabistcompany.com/locations" target="_blank" rel="noopener" class="mycode_url">https://cannabistcompany.com/locations</a>.<br />
<br />
About The Cannabist Company (f/k/a Columbia Care)<br />
<br />
The Cannabist Company, formerly known as Columbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 14 U.S. jurisdictions. The Company operates 91 facilities including 71 dispensaries and 20 cultivation and manufacturing facilities, including those under development and assuming the closure of announced divesture transactions. Columbia Care, now The Cannabist Company, is one of the original multi-state providers of cannabis in the U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the Company launched Cannabist, its retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including dreamt, Seed &amp; Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information, please visit <a href="http://www.cannabistcompany.com" target="_blank" rel="noopener" class="mycode_url">www.cannabistcompany.com</a>.<br />
<br />
About Ric Flair Drip<br />
<br />
Ric Flair Drip is a lifestyle-focused product brand co-founded by the iconic wrestling World Champion, Ric Flair. The brand envelops extravagance and pushes people to never settle for mediocrity. With a commitment to quality and style, each product embodies the essence of the styling, profiling, limousine-riding, jet-flying Nature Boy himself. From the initial launch to the brand’s expansion into new markets, Ric Flair Drip is giving everyone the opportunity to live like the legend. For more information visit RicFlairDrip.com.<br />
<br />
About Carma HoldCo<br />
<br />
Carma HoldCo Inc. is a leading global house of brands that harnesses the power of cultural icons to transform industries. The company focuses on creating unique experiences and product offerings that aim to connect with, inspire, and elevate consumers' lives. Within Carma HoldCo’s talent roster is a lineup of globally recognized superstars, including Mike Tyson, Ric Flair, and Future, who bring their legendary charisma and influence to the forefront of every venture. For more information visit CarmaHoldCo.com.<br />
<br />
Caution Concerning Forward-Looking Statements<br />
<br />
This press release contains certain statements that constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and reflect the Company’s current expectations regarding future events. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Company’s ability to execute on retail, wholesale, brand and product initiatives in Delaware. These forward-looking statements or information, which although considered reasonable by the Company, may prove to be incorrect and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by any forward-looking information. In addition, security holders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10-K for the year ended December 31, 2023, as filed with Canadian and U.S. securities regulatory authorities and described from time to time in subsequent documents filed with applicable securities regulatory authorities.<br />
<br />
News Release image<br />
<br />
View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20241219912151/en/" target="_blank" rel="noopener" class="mycode_url">https://www.businesswire.com/news/home/2...912151/en/</a><br />
<br />
Investors<br />
Lee Ann Evans<br />
SVP, Capital Markets<br />
investor@cannabistcompany.com<br />
<br />
Media<br />
Mike Moses<br />
Communications Manager<br />
media@cannabistcompany.com<br />
<br />
Carma HoldCo<br />
Francesca DeMauro<br />
Carma@KCSA.com<br />
<br />
Source: The Cannabist Company Holdings Inc.<br />
<a href="https://investors.cannabistcompany.com/news-releases/news-release-details/cannabist-company-and-ric-flair-drip-launch-partnership-delaware" target="_blank" rel="noopener" class="mycode_url">https://investors.cannabistcompany.com/n...p-delaware</a>]]></description>
			<content:encoded><![CDATA[The Cannabist Company and Ric Flair Drip Launch Partnership in Delaware<br />
Signature Cannabis Line from Wrestling Icon Ric Flair to Expand Into Additional Markets in 2025<br />
December 19, 2024 <br />
<br />
<hr class="mycode_hr" />
NEW YORK--(BUSINESS WIRE)--Dec. 19, 2024-- The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQX: CBSTF) (FSE: 3LP) (“The Cannabist Company” or the “Company”), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the launch of its partnership with Ric Flair Drip in Delaware. The signature cannabis brand co-founded by the iconic wrestling World Champion, Ric Flair, is part of Carma HoldCo Inc., a leading global house of brands. Additional markets will follow in 2025.<br />
<br />
The Delaware debut of the Ric Flair Drip collection features all-in-one 1-gram vapes and vape cartridges in four curated flavors including: Love Afflair, Mango Mania, Strawberry Strut, and Relaxed AG – which is available exclusively as a cart. Known for its exceptional quality and vibrant flavors, the brand continues to embody the flamboyant personality and iconic lifestyle of its namesake, Ric Flair.<br />
<br />
“It’s an amazing and fun opportunity to work with legends like Ric and we’re stoked to kick off this partnership in Delaware just ahead of the market’s launch of adult-use sales later next year. Ric is such a dynamic personality, and his brand is already generating a lot of buzz around the industry,” said Jesse Channon, President, The Cannabist Company. “The continued evolution of our brand partnership model is not only helping to bring new and unique offerings to the market, it also contributes to the expanded production capacity at our top-tier facilities.”<br />
<br />
“Let me tell you something, bringing the Ric Flair Drip experience to Delaware is huge, baby!” said Ric Flair, the iconic wrestling World Champion behind the brand. “The Nature Boy is rolling into new markets, styling and profiling across the country. Ric Flair Drip is all about quality, individuality, and being the real deal—just like yours truly! I’m fired up to bring it to Delaware’s cannabis scene and team up with Cannabist to keep this ride going strong. Delaware, get ready to shine bright with the best! Wooooo!”<br />
<br />
To find the nearest Cannabist Company dispensary featuring this new partnership, visit <a href="https://cannabistcompany.com/locations" target="_blank" rel="noopener" class="mycode_url">https://cannabistcompany.com/locations</a>.<br />
<br />
About The Cannabist Company (f/k/a Columbia Care)<br />
<br />
The Cannabist Company, formerly known as Columbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 14 U.S. jurisdictions. The Company operates 91 facilities including 71 dispensaries and 20 cultivation and manufacturing facilities, including those under development and assuming the closure of announced divesture transactions. Columbia Care, now The Cannabist Company, is one of the original multi-state providers of cannabis in the U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the Company launched Cannabist, its retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including dreamt, Seed &amp; Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information, please visit <a href="http://www.cannabistcompany.com" target="_blank" rel="noopener" class="mycode_url">www.cannabistcompany.com</a>.<br />
<br />
About Ric Flair Drip<br />
<br />
Ric Flair Drip is a lifestyle-focused product brand co-founded by the iconic wrestling World Champion, Ric Flair. The brand envelops extravagance and pushes people to never settle for mediocrity. With a commitment to quality and style, each product embodies the essence of the styling, profiling, limousine-riding, jet-flying Nature Boy himself. From the initial launch to the brand’s expansion into new markets, Ric Flair Drip is giving everyone the opportunity to live like the legend. For more information visit RicFlairDrip.com.<br />
<br />
About Carma HoldCo<br />
<br />
Carma HoldCo Inc. is a leading global house of brands that harnesses the power of cultural icons to transform industries. The company focuses on creating unique experiences and product offerings that aim to connect with, inspire, and elevate consumers' lives. Within Carma HoldCo’s talent roster is a lineup of globally recognized superstars, including Mike Tyson, Ric Flair, and Future, who bring their legendary charisma and influence to the forefront of every venture. For more information visit CarmaHoldCo.com.<br />
<br />
Caution Concerning Forward-Looking Statements<br />
<br />
This press release contains certain statements that constitute “forward-looking information” or “forward-looking statements” within the meaning of applicable securities laws and reflect the Company’s current expectations regarding future events. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Company’s ability to execute on retail, wholesale, brand and product initiatives in Delaware. These forward-looking statements or information, which although considered reasonable by the Company, may prove to be incorrect and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by any forward-looking information. In addition, security holders should review the risk factors discussed under “Risk Factors” in Columbia Care’s Form 10-K for the year ended December 31, 2023, as filed with Canadian and U.S. securities regulatory authorities and described from time to time in subsequent documents filed with applicable securities regulatory authorities.<br />
<br />
News Release image<br />
<br />
View source version on businesswire.com: <a href="https://www.businesswire.com/news/home/20241219912151/en/" target="_blank" rel="noopener" class="mycode_url">https://www.businesswire.com/news/home/2...912151/en/</a><br />
<br />
Investors<br />
Lee Ann Evans<br />
SVP, Capital Markets<br />
investor@cannabistcompany.com<br />
<br />
Media<br />
Mike Moses<br />
Communications Manager<br />
media@cannabistcompany.com<br />
<br />
Carma HoldCo<br />
Francesca DeMauro<br />
Carma@KCSA.com<br />
<br />
Source: The Cannabist Company Holdings Inc.<br />
<a href="https://investors.cannabistcompany.com/news-releases/news-release-details/cannabist-company-and-ric-flair-drip-launch-partnership-delaware" target="_blank" rel="noopener" class="mycode_url">https://investors.cannabistcompany.com/n...p-delaware</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Cannabis Finally Gets Its Own AI]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=52</link>
			<pubDate>Sat, 24 Jan 2026 18:06:09 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=52</guid>
			<description><![CDATA[<span style="font-size: x-large;" class="mycode_size">Cannabis Finally Gets Its Own AI</span><br />
<span style="font-size: medium;" class="mycode_size">New York, New York (Newsworthy.ai) Tuesday Jul 29, 2025 @ 7:00 AM UTC</span> <br />
<br />
Newton Insights has released the first cannabis-trained AI model, built on 400+ peer-reviewed studies and 160,000 expert Q&amp;As. With 83.6% accuracy on science benchmarks, it helps extraction teams reduce trial-and-error and make real-time, evidence-based decisions grounded in validated research.<br />
<br />
Newton Insights' new AI model offers cannabis operators a competitive edge by providing science-backed answers to optimize extraction and formulation processes.<br />
Newton Insights' AI model advances the cannabis industry by reducing waste and improving efficiency, contributing to a more sustainable and scientifically informed future.<br />
The AI model by Newton Insights is built on 400+ peer-reviewed studies, generating 160,000 expert-level Q&amp;As for precise cannabis extraction and formulation guidance.<br />
Discover how Newton Insights' cannabis-specific AI, outperforming GPT-4 and Claude 3, revolutionizes extraction with 160,000 expert-level Q&amp;As from 400+ studies.<br />
<br />
For the first time, cannabis operators no longer have to choose between handcrafted experience and disconnected academic theory. Newton Insights today released the most advanced cannabis-specific AI model ever developed — a domain-trained LLM built on 400+ peer-reviewed studies that generated 160,000 expert-level Q&amp;As. The result: instant, science-backed answers to the toughest extraction and formulation questions, all tailored to the realities of real-world operations.<br />
<br />
<blockquote class="mycode_quote"><cite>Quote:</cite>"This LLM changes that equation completely, We're giving extraction teams the scientific foundation they need to optimize their processes without the guesswork."- Co-Founder Kellan Finney</blockquote>
<br />
Newton Insights' custom-trained cannabis AI — built from 400+ peer-reviewed studies to guide real-time extraction and product decisions.<br />
<br />
<blockquote class="mycode_quote"><cite>Quote:</cite>"Cannabis teams are drowning in data but starving for clarity," said Bryan Fields, Co-Founder of Newton Insights. "The industry has been stuck choosing between academic theory and trial-and-error experience."</blockquote>
<blockquote class="mycode_quote"><cite>Quote:</cite>"This LLM changes that equation completely," adds Co-Founder Kellan Finney. "We're giving extraction teams the scientific foundation they need to optimize their processes without the guesswork."</blockquote>
<br />
<br />
<span style="font-weight: bold;" class="mycode_b">Key Highlights &amp; Model Comparisons</span><ul class="mycode_list"><li>161,170 expert-level Q&amp;As covering cannabis chemistry, biology, and extraction<br />
</li>
<li>83.6% accuracy on scientific benchmarks — outperforming GPT-4 (60.2%) and Claude 3 (66.7%) on cannabis-specific tasks<br />
</li>
<li>Trained for depth, not breadth — a domain expert purpose-built for cannabis operations<br />
</li>
<li>Built from 400+ peer-reviewed studies and 127M+ science tokens<br />
</li>
<li>Outperforms other 8B-class models in science Q&amp;A by 10–20 points — despite a smaller size and tighter domain scope<br />
</li>
<li>Real-World Applications for Extraction Teams<br />
</li>
<li>Optimize extraction parameters using validated scientific inputs<br />
</li>
<li>Reduce waste by minimizing trial-and-error and dialing in system performance<br />
</li>
<li>Proactively guide strain-to-yield decisions with AI-powered analysis and literature-backed insights<br />
</li>
</ul>
<br />
<span style="font-weight: bold;" class="mycode_b">What’s Next</span><br />
This LLM is the foundation of Newton's full-stack Vertical Software AI platform. Future releases will integrate real-time process analytical data (PAT) and a physics-based Digital Twin to create a fully autonomous feedback loop for cannabis operations.<br />
About Newton Insights<br />
Newton Insights builds AI-powered tools for the cannabis industry, starting with extraction. Our mission is to help teams move from reactive guesswork to proactive control — grounded in validated science and world-class technology.<br />
Contact:<br />
<br />
Bryan Fields<br />
Newton@8threv.com<br />
<br />
<a href="http://www.newton-insights.com" target="_blank" rel="noopener" class="mycode_url">www.newton-insights.com</a><br />
<br />
<span style="font-weight: bold;" class="mycode_b"><span style="font-style: italic;" class="mycode_i">Additional Information:</span></span><br />
Media Contact for Newton Insights<br />
Bryan Fields<br />
631 877 5553<br />
<br />
bryan@8threv.com]]></description>
			<content:encoded><![CDATA[<span style="font-size: x-large;" class="mycode_size">Cannabis Finally Gets Its Own AI</span><br />
<span style="font-size: medium;" class="mycode_size">New York, New York (Newsworthy.ai) Tuesday Jul 29, 2025 @ 7:00 AM UTC</span> <br />
<br />
Newton Insights has released the first cannabis-trained AI model, built on 400+ peer-reviewed studies and 160,000 expert Q&amp;As. With 83.6% accuracy on science benchmarks, it helps extraction teams reduce trial-and-error and make real-time, evidence-based decisions grounded in validated research.<br />
<br />
Newton Insights' new AI model offers cannabis operators a competitive edge by providing science-backed answers to optimize extraction and formulation processes.<br />
Newton Insights' AI model advances the cannabis industry by reducing waste and improving efficiency, contributing to a more sustainable and scientifically informed future.<br />
The AI model by Newton Insights is built on 400+ peer-reviewed studies, generating 160,000 expert-level Q&amp;As for precise cannabis extraction and formulation guidance.<br />
Discover how Newton Insights' cannabis-specific AI, outperforming GPT-4 and Claude 3, revolutionizes extraction with 160,000 expert-level Q&amp;As from 400+ studies.<br />
<br />
For the first time, cannabis operators no longer have to choose between handcrafted experience and disconnected academic theory. Newton Insights today released the most advanced cannabis-specific AI model ever developed — a domain-trained LLM built on 400+ peer-reviewed studies that generated 160,000 expert-level Q&amp;As. The result: instant, science-backed answers to the toughest extraction and formulation questions, all tailored to the realities of real-world operations.<br />
<br />
<blockquote class="mycode_quote"><cite>Quote:</cite>"This LLM changes that equation completely, We're giving extraction teams the scientific foundation they need to optimize their processes without the guesswork."- Co-Founder Kellan Finney</blockquote>
<br />
Newton Insights' custom-trained cannabis AI — built from 400+ peer-reviewed studies to guide real-time extraction and product decisions.<br />
<br />
<blockquote class="mycode_quote"><cite>Quote:</cite>"Cannabis teams are drowning in data but starving for clarity," said Bryan Fields, Co-Founder of Newton Insights. "The industry has been stuck choosing between academic theory and trial-and-error experience."</blockquote>
<blockquote class="mycode_quote"><cite>Quote:</cite>"This LLM changes that equation completely," adds Co-Founder Kellan Finney. "We're giving extraction teams the scientific foundation they need to optimize their processes without the guesswork."</blockquote>
<br />
<br />
<span style="font-weight: bold;" class="mycode_b">Key Highlights &amp; Model Comparisons</span><ul class="mycode_list"><li>161,170 expert-level Q&amp;As covering cannabis chemistry, biology, and extraction<br />
</li>
<li>83.6% accuracy on scientific benchmarks — outperforming GPT-4 (60.2%) and Claude 3 (66.7%) on cannabis-specific tasks<br />
</li>
<li>Trained for depth, not breadth — a domain expert purpose-built for cannabis operations<br />
</li>
<li>Built from 400+ peer-reviewed studies and 127M+ science tokens<br />
</li>
<li>Outperforms other 8B-class models in science Q&amp;A by 10–20 points — despite a smaller size and tighter domain scope<br />
</li>
<li>Real-World Applications for Extraction Teams<br />
</li>
<li>Optimize extraction parameters using validated scientific inputs<br />
</li>
<li>Reduce waste by minimizing trial-and-error and dialing in system performance<br />
</li>
<li>Proactively guide strain-to-yield decisions with AI-powered analysis and literature-backed insights<br />
</li>
</ul>
<br />
<span style="font-weight: bold;" class="mycode_b">What’s Next</span><br />
This LLM is the foundation of Newton's full-stack Vertical Software AI platform. Future releases will integrate real-time process analytical data (PAT) and a physics-based Digital Twin to create a fully autonomous feedback loop for cannabis operations.<br />
About Newton Insights<br />
Newton Insights builds AI-powered tools for the cannabis industry, starting with extraction. Our mission is to help teams move from reactive guesswork to proactive control — grounded in validated science and world-class technology.<br />
Contact:<br />
<br />
Bryan Fields<br />
Newton@8threv.com<br />
<br />
<a href="http://www.newton-insights.com" target="_blank" rel="noopener" class="mycode_url">www.newton-insights.com</a><br />
<br />
<span style="font-weight: bold;" class="mycode_b"><span style="font-style: italic;" class="mycode_i">Additional Information:</span></span><br />
Media Contact for Newton Insights<br />
Bryan Fields<br />
631 877 5553<br />
<br />
bryan@8threv.com]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Nabis Advances National Expansion Efforts With Blackbird Acquisition, Entering Nevada]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=51</link>
			<pubDate>Sat, 17 Jan 2026 16:41:17 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=51</guid>
			<description><![CDATA[Nabis Advances National Expansion Efforts With Blackbird Acquisition, Entering Nevada’s Wholesale Cannabis Market<br />
Nabis Newsroom February 27, 2024<br />
<br />
Nevada Operators Gain Access to Nabis’ Expanding Ecosystem and Streamlined Cannabis E-Commerce Platform, Facilitating Opportunities for Brands in a New Key Region<br />
<br />
LAS VEGAS--(BUSINESS WIRE)--Nabis, the nation’s leading licensed cannabis wholesale platform, today announces its acquisition of Blackbird, the premier Nevada-based distribution solution. This transition will bring Nabis’ robust technology, infrastructure and exclusive brands to Blackbird’s unparalleled network of Nevada operators and retailers, further strengthening and streamlining efficiencies for operating partners throughout the state’s greater supply chain.<br />
<br />
“Blackbird has done an incredible job of supporting Nevada’s strategically important cannabis market for brand building since the state’s legalization in 2016, and we’re honored to continue marching towards our shared vision alongside their team,” said Vince C. Ning, Co-CEO and Co-Founder of Nabis. “As we focus on serving customers nationwide through our platform, we’re looking forward to expanding Blackbird’s resources for customers in Nevada and continuing to foster the strong company culture the team has built.”<br />
<br />
Combining Nabis’ leading marketplace and multi-channel fulfillment network with Blackbird’s established expertise in Nevada, this acquisition brings forth a new unified customer experience for cannabis wholesaling in the region. Nabis is now positioned as a centralized software platform for brands and retailers to efficiently conduct commerce, pioneering a one-stop-shop model to address the fragmented wholesaling options that currently exist in the US cannabis industry. <br />
<br />
“This strategic partnership brings a powerful synergy to Nevada. It’s a bold step toward a brighter future for our cannabis partners statewide,” said Drea Ballard, Director of Operations at Blackbird. “Nabis shares our commitment of bringing excellence and efficiency to the cannabis supply chain, and we will be working closely with them to elevate our combined strengths.”<br />
<br />
Blackbird’s operations and infrastructure currently services approximately 25% of Nevada’s cannabis market, and is a trusted partner for a multitude of reputable brands, operators, and MSOs. Through Nabis’ acquisition, brands will now benefit from a greater investment of resources from the industry’s leading platform. Nabis will bolster existing operations with a dynamic suite of tech tools including comprehensive sales insights and unparalleled payment solutions. <br />
<br />
As the top licensed cannabis wholesaling platform, Nabis' acquisition of Blackbird not only strengthens the multi-state supply chain, but also offers operating partners a clear path toward regional expansion into Nevada’s burgeoning market. This opportunity is a pioneering roadmap to capitalize on the connection between two of the country’s most vital cannabis markets: California, the largest legal market in the US, and Nevada, which is ranked 3rd for most visited state in the country with nearly 40 million people visiting the state on an annual basis.<br />
<br />
“Blackbird is already an incredibly well-respected player in Nevada's market,” said Ning. “And as Nabis sets its sights on national and potentially international horizons, we’re excited about the combined strengths of this acquisition leading the industry toward a new era of cannabis commerce.”<br />
<br />
Learn more about Nabis’ wholesale platform at nabis.com. <br />
<br />
‍About Nabis<br />
<br />
Nabis is the #1 licensed cannabis wholesale platform, servicing over 300 brands. Founded in 2018 by serial tech entrepreneurs Vince C. Ning and Jun S. Lee, Nabis is on a mission to build the most powerful licensed cannabis wholesale platform with a multi-channel fulfillment network that simplifies cannabis commerce for brands and retailers anywhere in the world. Nabis is the largest licensed wholesaler in the industry, having supported numerous exclusive brands and retailers transact over &#36;1B worth of cannabis products in major states across the nation. As Nabis continues its national expansion, the privately-held multistate operator utilizes its experience in the world’s largest legal cannabis markets and offers its partners an online wholesale marketplace with best-in-class fulfillment, payment processing, financing, data analytics, and sales and marketing services to enable more brands and retailers to innovate, launch, and scale strategically. Ning and Lee’s work earned Nabis a spot on Inc. 5000’s list of Fastest Growing Private Companies in America in 2023. Learn more: nabis.com <br />
<br />
<a href="https://www.businesswire.com/news/home/20240227423232/en" target="_blank" rel="noopener" class="mycode_url">https://www.businesswire.com/news/home/2...7423232/en</a><br />
<img src="https://cdn.prod.website-files.com/5c3c317efa775a5766c4ec46/65ddfc3f82e6f01b0937eaab_Untitled-1.png" loading="lazy"  alt="[Image: 65ddfc3f82e6f01b0937eaab_Untitled-1.png]" class="mycode_img" />]]></description>
			<content:encoded><![CDATA[Nabis Advances National Expansion Efforts With Blackbird Acquisition, Entering Nevada’s Wholesale Cannabis Market<br />
Nabis Newsroom February 27, 2024<br />
<br />
Nevada Operators Gain Access to Nabis’ Expanding Ecosystem and Streamlined Cannabis E-Commerce Platform, Facilitating Opportunities for Brands in a New Key Region<br />
<br />
LAS VEGAS--(BUSINESS WIRE)--Nabis, the nation’s leading licensed cannabis wholesale platform, today announces its acquisition of Blackbird, the premier Nevada-based distribution solution. This transition will bring Nabis’ robust technology, infrastructure and exclusive brands to Blackbird’s unparalleled network of Nevada operators and retailers, further strengthening and streamlining efficiencies for operating partners throughout the state’s greater supply chain.<br />
<br />
“Blackbird has done an incredible job of supporting Nevada’s strategically important cannabis market for brand building since the state’s legalization in 2016, and we’re honored to continue marching towards our shared vision alongside their team,” said Vince C. Ning, Co-CEO and Co-Founder of Nabis. “As we focus on serving customers nationwide through our platform, we’re looking forward to expanding Blackbird’s resources for customers in Nevada and continuing to foster the strong company culture the team has built.”<br />
<br />
Combining Nabis’ leading marketplace and multi-channel fulfillment network with Blackbird’s established expertise in Nevada, this acquisition brings forth a new unified customer experience for cannabis wholesaling in the region. Nabis is now positioned as a centralized software platform for brands and retailers to efficiently conduct commerce, pioneering a one-stop-shop model to address the fragmented wholesaling options that currently exist in the US cannabis industry. <br />
<br />
“This strategic partnership brings a powerful synergy to Nevada. It’s a bold step toward a brighter future for our cannabis partners statewide,” said Drea Ballard, Director of Operations at Blackbird. “Nabis shares our commitment of bringing excellence and efficiency to the cannabis supply chain, and we will be working closely with them to elevate our combined strengths.”<br />
<br />
Blackbird’s operations and infrastructure currently services approximately 25% of Nevada’s cannabis market, and is a trusted partner for a multitude of reputable brands, operators, and MSOs. Through Nabis’ acquisition, brands will now benefit from a greater investment of resources from the industry’s leading platform. Nabis will bolster existing operations with a dynamic suite of tech tools including comprehensive sales insights and unparalleled payment solutions. <br />
<br />
As the top licensed cannabis wholesaling platform, Nabis' acquisition of Blackbird not only strengthens the multi-state supply chain, but also offers operating partners a clear path toward regional expansion into Nevada’s burgeoning market. This opportunity is a pioneering roadmap to capitalize on the connection between two of the country’s most vital cannabis markets: California, the largest legal market in the US, and Nevada, which is ranked 3rd for most visited state in the country with nearly 40 million people visiting the state on an annual basis.<br />
<br />
“Blackbird is already an incredibly well-respected player in Nevada's market,” said Ning. “And as Nabis sets its sights on national and potentially international horizons, we’re excited about the combined strengths of this acquisition leading the industry toward a new era of cannabis commerce.”<br />
<br />
Learn more about Nabis’ wholesale platform at nabis.com. <br />
<br />
‍About Nabis<br />
<br />
Nabis is the #1 licensed cannabis wholesale platform, servicing over 300 brands. Founded in 2018 by serial tech entrepreneurs Vince C. Ning and Jun S. Lee, Nabis is on a mission to build the most powerful licensed cannabis wholesale platform with a multi-channel fulfillment network that simplifies cannabis commerce for brands and retailers anywhere in the world. Nabis is the largest licensed wholesaler in the industry, having supported numerous exclusive brands and retailers transact over &#36;1B worth of cannabis products in major states across the nation. As Nabis continues its national expansion, the privately-held multistate operator utilizes its experience in the world’s largest legal cannabis markets and offers its partners an online wholesale marketplace with best-in-class fulfillment, payment processing, financing, data analytics, and sales and marketing services to enable more brands and retailers to innovate, launch, and scale strategically. Ning and Lee’s work earned Nabis a spot on Inc. 5000’s list of Fastest Growing Private Companies in America in 2023. Learn more: nabis.com <br />
<br />
<a href="https://www.businesswire.com/news/home/20240227423232/en" target="_blank" rel="noopener" class="mycode_url">https://www.businesswire.com/news/home/2...7423232/en</a><br />
<img src="https://cdn.prod.website-files.com/5c3c317efa775a5766c4ec46/65ddfc3f82e6f01b0937eaab_Untitled-1.png" loading="lazy"  alt="[Image: 65ddfc3f82e6f01b0937eaab_Untitled-1.png]" class="mycode_img" />]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Mike Tyson Sues Former Cannabis Business Partners For $50M]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=50</link>
			<pubDate>Thu, 08 Jan 2026 03:26:33 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=50</guid>
			<description><![CDATA[Mike Tyson Sues Former Cannabis Business Partners For &#36;50M<br />
Tyson and wrestling legend Ric Flair are suing ex Carma execs for damages, attorneys' fees, and other associated costs.<br />
<br />
<img src="https://blackenterprise-prod.b-cdn.net/wp-content/blogs.dir/1/files/2023/12/GettyImages-1699382885.jpg" loading="lazy"  alt="[Image: GettyImages-1699382885.jpg]" class="mycode_img" /> <br />
<br />
Two legendary sports figures, boxing’s Mike Tyson and wrestling’s Ric Flair, have filed a lawsuit against former executives and a shareholder of Carma, alleging fraud, breach of contract, and other claims related to cannabis businesses that use their likenesses.<br />
<br />
According to Front Office Sports, the lawsuit was filed in U.S. District Court in Illinois By Tyson, Flair, Carma, and LGNDS alleging that Chad Bronstein, Adam Wilks, Nicole Cosby, and James Case were involved in a “brazen RICO conspiracy involving criminal wire fraud, embezzlement, money laundering, and extortion, as well as securities fraud and shameless self-dealing that enriched the Defendants to the tune of tens of millions of dollars.”<br />
<br />
The plaintiffs request a jury trial and more than &#36;50 million in damages, attorneys’ fees, and other associated costs.<br />
<br />
Bronstein was formerly Carma’s president and chairman; Wilks was the company’s CEO; and Cosby served as the chief legal and licensing officer. Case is a shareholder in the company. The cannabis products named after Tyson (Tyson 2.0) and Flair (Ric Flair Drip) were distributed by Carma and LGNDS.<br />
<br />
The lawsuit states, “Throughout their time at CARMA, Bronstein and Wilks treated CARMA as their own personal piggy bank, using more than &#36;1 million to pay for unauthorized personal travel on private jets, costs associated with Bronstein’s personal yacht, renovations to Bronstein’s personal residence, a mortgage payment for Wilks’ personal residence, and lavish entertainment expenditures for Wilks, including exorbitantly priced meals and travel expenditures, as well as excessive and unapproved compensation and bonuses.”<br />
<br />
The former executives have been accused of selling licensing rights they were not authorized to sell under agreements with the athletes. Wilks allegedly had an undisclosed “kickback” deal with vape maker DomPen, where he received “concealed payments in exchange for turning a blind eye to DomPen’s unauthorized use of CARMA’s intellectual property.”<br />
<br />
The defendants deny the accusations and accuse the plaintiffs of trying to intimidate them in what they refer to as a “shakedown.”<br />
<br />
“The complaint is fiction dressed up as a lawsuit,” Jonathan Cyrluk, the attorney for Bronstein and Cosby, told the media outlet in a written statement. “Before filing, the plaintiffs tried to intimidate my clients with settlement demands that read more like a shakedown than a legal claim—demanding millions of dollars and attempting to force others to surrender their Carma shares.” <br />
<br />
“My clients won’t be bullied and are prepared to knock out this meritless lawsuit in court.”<br />
<br />
<a href="http://blackenterprise.com/mike-tyson-ric-flair-sue-cannabis-partner/" target="_blank" rel="noopener" class="mycode_url">blackenterprise.com/mike-tyson-ric-flair-sue-cannabis-partner/</a>]]></description>
			<content:encoded><![CDATA[Mike Tyson Sues Former Cannabis Business Partners For &#36;50M<br />
Tyson and wrestling legend Ric Flair are suing ex Carma execs for damages, attorneys' fees, and other associated costs.<br />
<br />
<img src="https://blackenterprise-prod.b-cdn.net/wp-content/blogs.dir/1/files/2023/12/GettyImages-1699382885.jpg" loading="lazy"  alt="[Image: GettyImages-1699382885.jpg]" class="mycode_img" /> <br />
<br />
Two legendary sports figures, boxing’s Mike Tyson and wrestling’s Ric Flair, have filed a lawsuit against former executives and a shareholder of Carma, alleging fraud, breach of contract, and other claims related to cannabis businesses that use their likenesses.<br />
<br />
According to Front Office Sports, the lawsuit was filed in U.S. District Court in Illinois By Tyson, Flair, Carma, and LGNDS alleging that Chad Bronstein, Adam Wilks, Nicole Cosby, and James Case were involved in a “brazen RICO conspiracy involving criminal wire fraud, embezzlement, money laundering, and extortion, as well as securities fraud and shameless self-dealing that enriched the Defendants to the tune of tens of millions of dollars.”<br />
<br />
The plaintiffs request a jury trial and more than &#36;50 million in damages, attorneys’ fees, and other associated costs.<br />
<br />
Bronstein was formerly Carma’s president and chairman; Wilks was the company’s CEO; and Cosby served as the chief legal and licensing officer. Case is a shareholder in the company. The cannabis products named after Tyson (Tyson 2.0) and Flair (Ric Flair Drip) were distributed by Carma and LGNDS.<br />
<br />
The lawsuit states, “Throughout their time at CARMA, Bronstein and Wilks treated CARMA as their own personal piggy bank, using more than &#36;1 million to pay for unauthorized personal travel on private jets, costs associated with Bronstein’s personal yacht, renovations to Bronstein’s personal residence, a mortgage payment for Wilks’ personal residence, and lavish entertainment expenditures for Wilks, including exorbitantly priced meals and travel expenditures, as well as excessive and unapproved compensation and bonuses.”<br />
<br />
The former executives have been accused of selling licensing rights they were not authorized to sell under agreements with the athletes. Wilks allegedly had an undisclosed “kickback” deal with vape maker DomPen, where he received “concealed payments in exchange for turning a blind eye to DomPen’s unauthorized use of CARMA’s intellectual property.”<br />
<br />
The defendants deny the accusations and accuse the plaintiffs of trying to intimidate them in what they refer to as a “shakedown.”<br />
<br />
“The complaint is fiction dressed up as a lawsuit,” Jonathan Cyrluk, the attorney for Bronstein and Cosby, told the media outlet in a written statement. “Before filing, the plaintiffs tried to intimidate my clients with settlement demands that read more like a shakedown than a legal claim—demanding millions of dollars and attempting to force others to surrender their Carma shares.” <br />
<br />
“My clients won’t be bullied and are prepared to knock out this meritless lawsuit in court.”<br />
<br />
<a href="http://blackenterprise.com/mike-tyson-ric-flair-sue-cannabis-partner/" target="_blank" rel="noopener" class="mycode_url">blackenterprise.com/mike-tyson-ric-flair-sue-cannabis-partner/</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Federal: Lawmakers Approve Funding Bill Restricting Sales of Certain Hemp-Derived Int]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=49</link>
			<pubDate>Wed, 31 Dec 2025 03:22:52 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=49</guid>
			<description><![CDATA[Federal: Lawmakers Approve Funding Bill Restricting Sales of Certain Hemp-Derived Intoxicating Products<br />
by NORML Posted on November 13, 2025<br />
<br />
Washington, DC: Federal lawmakers have negotiated and finalized legislation to fund the US Department of Agriculture that includes amended provisions recriminalizing the sale of certain hemp-derived intoxicating products. The appropriations bill is one of three separate funding bills that were included in a package to reopen the government until January 30, 2026.<br />
<br />
The provisions – which were advocated by Sen. Mitch McConnell (R-KY), among others – target products containing delta-8 THC and similar compounds, as well as products that are synthetically derived from hemp. Specifically, the bill redefines federally legal hemp products as only those containing no more than either 0.3 percent or 0.4 milligrams of THC or other cannabinoids that produce similar effects, including THCA. In addition, it criminalizes “any intermediate hemp-derived cannabinoid products which are marketed or sold as a final product or directly to an end consumer for personal or household use” as well as products that are produced following chemical synthesis, such as those high in delta-8 THC content. <br />
<br />
Although delta-8 THC occurs organically in the cannabis plant, it is typically only produced in nominal quantities. By contrast, the elevated amounts of delta-8 THC present in commercially available products are typically the result of a chemical synthesis during which manufacturers convert hemp-derived CBD to delta-8 THC.<br />
<br />
While the revised language is not explicitly intended to target hemp-derived CBD products marketed as non-intoxicating products, some industry advocates fear that these products will also ultimately be banned by the legislation because many of them contain trace levels of THC. <br />
<br />
An effort by Sen. Rand Paul (R-KY) to strike the amended language failed on the Senate floor, as did a similar effort in the House by Rep. Tom Massie (R-KY). A spokesperson for the White House previously acknowledged that President Trump “supports” the revisions to the 2018 hemp law, despite the President having signed the bill into law seven years ago.<br />
<br />
The revised federal language will take effect in one year after its passage.<br />
<br />
Nearly half of all US states already impose severe restrictions on the retail sale of delta-8 THC and similar products and federal courts have repeatedly upheld these bans.<br />
<br />
NORML has consistently urged the FDA to establish regulatory guidelines governing the production, testing, labeling, and marketing of hemp-derived intoxicating cannabinoid products, but has argued against recriminalizing them. <br />
<br />
“Federally recriminalizing the hemp-derived marketplace will neither reduce consumers’ demand for these products nor increase consumers’ safety,” NORML’s Deputy Director Paul Armentano said.<br />
<br />
<a href="https://norml.org/news/2025/11/13/federal-lawmakers-approve-funding-bill-restricting-sales-of-certain-hemp-derived-intoxicating-products/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/11/13/federa...-products/</a>]]></description>
			<content:encoded><![CDATA[Federal: Lawmakers Approve Funding Bill Restricting Sales of Certain Hemp-Derived Intoxicating Products<br />
by NORML Posted on November 13, 2025<br />
<br />
Washington, DC: Federal lawmakers have negotiated and finalized legislation to fund the US Department of Agriculture that includes amended provisions recriminalizing the sale of certain hemp-derived intoxicating products. The appropriations bill is one of three separate funding bills that were included in a package to reopen the government until January 30, 2026.<br />
<br />
The provisions – which were advocated by Sen. Mitch McConnell (R-KY), among others – target products containing delta-8 THC and similar compounds, as well as products that are synthetically derived from hemp. Specifically, the bill redefines federally legal hemp products as only those containing no more than either 0.3 percent or 0.4 milligrams of THC or other cannabinoids that produce similar effects, including THCA. In addition, it criminalizes “any intermediate hemp-derived cannabinoid products which are marketed or sold as a final product or directly to an end consumer for personal or household use” as well as products that are produced following chemical synthesis, such as those high in delta-8 THC content. <br />
<br />
Although delta-8 THC occurs organically in the cannabis plant, it is typically only produced in nominal quantities. By contrast, the elevated amounts of delta-8 THC present in commercially available products are typically the result of a chemical synthesis during which manufacturers convert hemp-derived CBD to delta-8 THC.<br />
<br />
While the revised language is not explicitly intended to target hemp-derived CBD products marketed as non-intoxicating products, some industry advocates fear that these products will also ultimately be banned by the legislation because many of them contain trace levels of THC. <br />
<br />
An effort by Sen. Rand Paul (R-KY) to strike the amended language failed on the Senate floor, as did a similar effort in the House by Rep. Tom Massie (R-KY). A spokesperson for the White House previously acknowledged that President Trump “supports” the revisions to the 2018 hemp law, despite the President having signed the bill into law seven years ago.<br />
<br />
The revised federal language will take effect in one year after its passage.<br />
<br />
Nearly half of all US states already impose severe restrictions on the retail sale of delta-8 THC and similar products and federal courts have repeatedly upheld these bans.<br />
<br />
NORML has consistently urged the FDA to establish regulatory guidelines governing the production, testing, labeling, and marketing of hemp-derived intoxicating cannabinoid products, but has argued against recriminalizing them. <br />
<br />
“Federally recriminalizing the hemp-derived marketplace will neither reduce consumers’ demand for these products nor increase consumers’ safety,” NORML’s Deputy Director Paul Armentano said.<br />
<br />
<a href="https://norml.org/news/2025/11/13/federal-lawmakers-approve-funding-bill-restricting-sales-of-certain-hemp-derived-intoxicating-products/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/11/13/federa...-products/</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[2025 Year in Review: NORML’s Top Ten Events in Marijuana Policy]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=48</link>
			<pubDate>Wed, 31 Dec 2025 03:20:32 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=48</guid>
			<description><![CDATA[2025 Year in Review: NORML’s Top Ten Events in Marijuana Policy<br />
by NORML Posted on December 30, 2025<br />
<br />
#1: President Trump Takes Executive Action to Federally Reschedule Cannabis<br />
<br />
President Donald Trump issued an executive order in December directing the US Attorney General to finalize a Biden-era recommendation to amend marijuana’s longstanding classification as a Schedule I federally controlled substance. Prior to signing the order, Trump said, “These facts compel the federal government to recognize that marijuana can be legitimate in terms of medical applications.”<br />
<br />
Commenting on the order, NORML’s Deputy Director Paul Armentano said, “While such a move potentially provides some benefits to patients, and veterans especially, it still falls well short of the changes necessary to bring federal marijuana policy into the 21st century.”<br />
<br />
Despite the Administration’s action, it remains unclear when a change in marijuana’s federal scheduling will be codified. Any final order to reclassify cannabis is subject to a period of judicial review, whereby interested parties have an opportunity to challenge the order, which could further delay its implementation.<br />
<br />
#2: GOP Lawmakers Undermine Voter-Approved Marijuana Measures<br />
<br />
Republican lawmakers in various states took actions this year amending or repealing voter-approved marijuana laws. <br />
<br />
In Texas, Republican Attorney General Ken Paxton sued several cities, including Austin and San Marcos, to overturn voter-initiated marijuana depenalization laws. In Nebraska, lawmakers and regulators gutted the state’s voter-approved medical cannabis access law by rescinding patients’ access to botanical cannabis, among other restrictions. In Ohio, Republican lawmakers approved legislation rolling back legal protections for adult-use cannabis consumers and recriminalizing various marijuana-related activities, including obtaining cannabis products from out-of-state retailers.<br />
<br />
In response to this trend, NORML’s Deputy Director Paul Armentano said: “In a healthy democracy, those with competing visions on public policy vie for voters’ support and abide by their voting decisions. However, it is becoming clear that those who oppose marijuana policy reform would rather take voters out of the equation altogether. Whether or not one personally supports or opposes cannabis legalization, these undemocratic tactics ought to cause deep concern.”<br />
<br />
#3 Federal Data: Teen Marijuana Use Continues Historic Decline<br />
<br />
Federally funded survey data compiled by the University of Michigan in December reports that teens’ use of marijuana has declined significantly since states began regulating adult-use cannabis markets, and it now stands at or near historic lows.<br />
<br />
Between 2012 and 2025, the percentage of 12th graders reporting having ever used cannabis fell by 23 percent. Among 10th graders, it fell 35 percent. Among 8th graders, lifetime use dropped 17 percent. During that same time period, past-year cannabis use fell 30 percent among 12th graders, 44 percent among 10th graders, and 34 percent among 8th graders. The percentage of teens reporting having consumed cannabis over the past 30 days also declined significantly — falling 25 percent among 12th graders, 45 percent among 10th graders, and 38 percent among 8th graders.<br />
<br />
“We are encouraged that adolescent drug use remains relatively low and that so many teens choose not to use drugs at all,” said Dr. Nora D. Volkow, Director of NIH’s National Institute on Drug Abuse (NIDA), in a press release. <br />
<br />
#4: Congress Approves Legislation Restricting Sales of Hemp-Derived Intoxicants<br />
<br />
Federal lawmakers in November finalized and passed legislation recriminalizing the sale of certain hemp-derived intoxicating products. The law – which doesn’t take effect until November 2026 – redefines federally legal hemp products only to include those containing no more than either 0.3 percent or 0.4 milligrams of THC or other cannabinoids that produce similar effects, including THCA. In addition, it criminalizes “any intermediate hemp-derived cannabinoid products which are marketed or sold as a final product or directly to an end consumer for personal or household use” as well as products that are produced following chemical synthesis, such as those high in delta-8 THC content. <br />
<br />
While the revised language is not explicitly intended to target hemp-derived, non-intoxicating CBD products, some industry advocates fear that these products will also ultimately be banned by the legislation because they often contain trace levels of THC. However, in December, President Trump called on his aides to work with Congress to ensure that patients do not lose access to regulated CBD products.<br />
<br />
#5: Marijuana Arrests Continue to Decline<br />
<br />
State and local law enforcement made nearly 190,000 marijuana possession-related arrests in 2024, according to data compiled by the US Federal Bureau of Investigation and posted on its Crime Data Explorer website. While that total represents a 30-year low, marijuana-related arrests still comprise more than 22 percent of all drug arrests nationwide. In five states (Idaho, Iowa, Louisiana, Nebraska, and Wisconsin), more than half of all drug-related arrests reported by state and local law enforcement agencies in 2024 were cannabis-related.<br />
<br />
Marijuana arrests peaked in the United States in 2007, when police made over 870,000 marijuana-related arrests. At that time, just under half (48 percent) of all drug-related arrests in the United States were for marijuana-related violations.<br />
<br />
#6: Longitudinal Trials Show Cannabis Provides Sustained Benefits for Patients<br />
<br />
Chronically ill patients experience sustained symptomatic relief from either herbal cannabis or oil extracts, according to the findings of numerous longitudinal trials published in 2025. <br />
<br />
According to the results of the trials, which included thousands of patients, cannabis preparations were safe and effective for periods of up to 18 months for those suffering from pain, insomnia, fibromyalgia, treatment-resistant epilepsy, post-traumatic stress, hypermobility disorders, endometriosis, and numerous other conditions.<br />
<br />
Most of the participants in the trials are enrolled in the UK Medical Cannabis Registry. Under British law, health care providers may prescribe cannabis-based medicinal products to patients unresponsive to conventional medications.<br />
<br />
#7 November Election Outcomes Could Reshape East Coast Cannabis Markets<br />
<br />
The election of Democratic Governors in New Jersey and Virginia could lead to the expansion of those states’ adult-use cannabis policies in 2026. <br />
<br />
In Virginia, Abigail Spanberger will replace Republican Gov. Glenn Youngkin, who on multiple occasions vetoed legislation regulating the retail sale of cannabis products to adults. By contrast, Governor-elect Spanberger has pledged, “I look forward to working with our General Assembly to find a path forward to creating a legalized retail market for cannabis that both prioritizes public safety and grows Virginia’s economy.”<br />
<br />
In New Jersey, Governor-elect Mikie Sherrill supports expanding New Jersey’s adult-use cannabis program, including allowing home cultivation and improving consumer access, safety, and affordability.<br />
<br />
#8: Studies Consistently Show Cannabis Access Reduces Alcohol Consumption<br />
<br />
Several studies published in 2025 report that consumers significantly reduce their alcohol intake following the use of cannabis.<br />
<br />
In one study, subjects in a laboratory setting reduced their intake of alcoholic beverages by 25 percent following cannabis inhalation. In another study, participants reduced their alcohol intake by as much as 27 percent following cannabis consumption.<br />
<br />
Finally, in a third study, patients seeking treatment for alcohol use disorder “consumed a mean of 8.08 daily MAP [Managed Alcohol Program]-provided standard drinks prior to the introduction of cannabis substitution and a mean of 6.45 daily MAP-provided standard drinks after its introduction.”<br />
<br />
Commenting on the consistent results, NORML’s Deputy Director Paul Armentano said: “These findings provide support for the idea that legal cannabis can serve as a substitute for alcohol among certain individuals, and that legal cannabis markets may, in some instances, disrupt alcohol-dominant marketplaces.”<br />
<br />
#9: Marijuana Legalization Support Remains High, But Dips Among Republicans<br />
<br />
Nearly two out of three US adults say that “the use of marijuana should be legal,” according to nationwide polling data compiled in November by Gallup. That percentage represents a slight dip from 2024 data, when 68 percent of respondents backed legalization. <br />
<br />
The percentage change was primarily driven by declining support among Republicans – only 40 percent of whom endorse marijuana legalization. By contrast, 85 percent of Democrats support legalization – a near all-time high, as do 66 percent of Independents.<br />
<br />
Historically, Republicans have been less likely than either Democrats or Independents to express support for legalization. In 2023, 55 percent of Republicans endorsed legalizing marijuana, the highest percentage ever.<br />
<br />
#10: NIH Database Now Includes Over 53,000 Cannabis-Related Studies<br />
<br />
For the fifth consecutive year, researchers worldwide published over 4,000 scientific papers specific to cannabis, its active constituents, and their effects, according to the results of a keyword search of the National Library of Medicine/PubMed.gov website.<br />
<br />
“Despite the perception that marijuana has yet to be subject to adequate scientific scrutiny, scientists’ interest in studying cannabis has increased exponentially in the past decade, as has our understanding of the plant, its active constituents, their mechanisms of action, and their effects on both the user and upon society,” NORML’s Deputy Director Paul Armentano said. “It is time for politicians and others to stop assessing cannabis through the lens of ‘what we don’t know’ and instead start engaging in evidence-based discussions about marijuana and marijuana reform policies that are indicative of all that we do know.”<br />
<br />
Over the past decade, there has been a dramatic increase in scientific inquiries about the cannabis plant — with researchers publishing more than 37,000 scientific papers about cannabis since the beginning of 2015. As of this writing, PubMed.gov cites over 53,000 scientific papers on marijuana dating back to the year 1840.<br />
<br />
<a href="https://norml.org/news/2025/12/30/2025-year-in-review-normls-top-ten-events-in-marijuana-policy/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/12/30/2025-y...na-policy/</a>]]></description>
			<content:encoded><![CDATA[2025 Year in Review: NORML’s Top Ten Events in Marijuana Policy<br />
by NORML Posted on December 30, 2025<br />
<br />
#1: President Trump Takes Executive Action to Federally Reschedule Cannabis<br />
<br />
President Donald Trump issued an executive order in December directing the US Attorney General to finalize a Biden-era recommendation to amend marijuana’s longstanding classification as a Schedule I federally controlled substance. Prior to signing the order, Trump said, “These facts compel the federal government to recognize that marijuana can be legitimate in terms of medical applications.”<br />
<br />
Commenting on the order, NORML’s Deputy Director Paul Armentano said, “While such a move potentially provides some benefits to patients, and veterans especially, it still falls well short of the changes necessary to bring federal marijuana policy into the 21st century.”<br />
<br />
Despite the Administration’s action, it remains unclear when a change in marijuana’s federal scheduling will be codified. Any final order to reclassify cannabis is subject to a period of judicial review, whereby interested parties have an opportunity to challenge the order, which could further delay its implementation.<br />
<br />
#2: GOP Lawmakers Undermine Voter-Approved Marijuana Measures<br />
<br />
Republican lawmakers in various states took actions this year amending or repealing voter-approved marijuana laws. <br />
<br />
In Texas, Republican Attorney General Ken Paxton sued several cities, including Austin and San Marcos, to overturn voter-initiated marijuana depenalization laws. In Nebraska, lawmakers and regulators gutted the state’s voter-approved medical cannabis access law by rescinding patients’ access to botanical cannabis, among other restrictions. In Ohio, Republican lawmakers approved legislation rolling back legal protections for adult-use cannabis consumers and recriminalizing various marijuana-related activities, including obtaining cannabis products from out-of-state retailers.<br />
<br />
In response to this trend, NORML’s Deputy Director Paul Armentano said: “In a healthy democracy, those with competing visions on public policy vie for voters’ support and abide by their voting decisions. However, it is becoming clear that those who oppose marijuana policy reform would rather take voters out of the equation altogether. Whether or not one personally supports or opposes cannabis legalization, these undemocratic tactics ought to cause deep concern.”<br />
<br />
#3 Federal Data: Teen Marijuana Use Continues Historic Decline<br />
<br />
Federally funded survey data compiled by the University of Michigan in December reports that teens’ use of marijuana has declined significantly since states began regulating adult-use cannabis markets, and it now stands at or near historic lows.<br />
<br />
Between 2012 and 2025, the percentage of 12th graders reporting having ever used cannabis fell by 23 percent. Among 10th graders, it fell 35 percent. Among 8th graders, lifetime use dropped 17 percent. During that same time period, past-year cannabis use fell 30 percent among 12th graders, 44 percent among 10th graders, and 34 percent among 8th graders. The percentage of teens reporting having consumed cannabis over the past 30 days also declined significantly — falling 25 percent among 12th graders, 45 percent among 10th graders, and 38 percent among 8th graders.<br />
<br />
“We are encouraged that adolescent drug use remains relatively low and that so many teens choose not to use drugs at all,” said Dr. Nora D. Volkow, Director of NIH’s National Institute on Drug Abuse (NIDA), in a press release. <br />
<br />
#4: Congress Approves Legislation Restricting Sales of Hemp-Derived Intoxicants<br />
<br />
Federal lawmakers in November finalized and passed legislation recriminalizing the sale of certain hemp-derived intoxicating products. The law – which doesn’t take effect until November 2026 – redefines federally legal hemp products only to include those containing no more than either 0.3 percent or 0.4 milligrams of THC or other cannabinoids that produce similar effects, including THCA. In addition, it criminalizes “any intermediate hemp-derived cannabinoid products which are marketed or sold as a final product or directly to an end consumer for personal or household use” as well as products that are produced following chemical synthesis, such as those high in delta-8 THC content. <br />
<br />
While the revised language is not explicitly intended to target hemp-derived, non-intoxicating CBD products, some industry advocates fear that these products will also ultimately be banned by the legislation because they often contain trace levels of THC. However, in December, President Trump called on his aides to work with Congress to ensure that patients do not lose access to regulated CBD products.<br />
<br />
#5: Marijuana Arrests Continue to Decline<br />
<br />
State and local law enforcement made nearly 190,000 marijuana possession-related arrests in 2024, according to data compiled by the US Federal Bureau of Investigation and posted on its Crime Data Explorer website. While that total represents a 30-year low, marijuana-related arrests still comprise more than 22 percent of all drug arrests nationwide. In five states (Idaho, Iowa, Louisiana, Nebraska, and Wisconsin), more than half of all drug-related arrests reported by state and local law enforcement agencies in 2024 were cannabis-related.<br />
<br />
Marijuana arrests peaked in the United States in 2007, when police made over 870,000 marijuana-related arrests. At that time, just under half (48 percent) of all drug-related arrests in the United States were for marijuana-related violations.<br />
<br />
#6: Longitudinal Trials Show Cannabis Provides Sustained Benefits for Patients<br />
<br />
Chronically ill patients experience sustained symptomatic relief from either herbal cannabis or oil extracts, according to the findings of numerous longitudinal trials published in 2025. <br />
<br />
According to the results of the trials, which included thousands of patients, cannabis preparations were safe and effective for periods of up to 18 months for those suffering from pain, insomnia, fibromyalgia, treatment-resistant epilepsy, post-traumatic stress, hypermobility disorders, endometriosis, and numerous other conditions.<br />
<br />
Most of the participants in the trials are enrolled in the UK Medical Cannabis Registry. Under British law, health care providers may prescribe cannabis-based medicinal products to patients unresponsive to conventional medications.<br />
<br />
#7 November Election Outcomes Could Reshape East Coast Cannabis Markets<br />
<br />
The election of Democratic Governors in New Jersey and Virginia could lead to the expansion of those states’ adult-use cannabis policies in 2026. <br />
<br />
In Virginia, Abigail Spanberger will replace Republican Gov. Glenn Youngkin, who on multiple occasions vetoed legislation regulating the retail sale of cannabis products to adults. By contrast, Governor-elect Spanberger has pledged, “I look forward to working with our General Assembly to find a path forward to creating a legalized retail market for cannabis that both prioritizes public safety and grows Virginia’s economy.”<br />
<br />
In New Jersey, Governor-elect Mikie Sherrill supports expanding New Jersey’s adult-use cannabis program, including allowing home cultivation and improving consumer access, safety, and affordability.<br />
<br />
#8: Studies Consistently Show Cannabis Access Reduces Alcohol Consumption<br />
<br />
Several studies published in 2025 report that consumers significantly reduce their alcohol intake following the use of cannabis.<br />
<br />
In one study, subjects in a laboratory setting reduced their intake of alcoholic beverages by 25 percent following cannabis inhalation. In another study, participants reduced their alcohol intake by as much as 27 percent following cannabis consumption.<br />
<br />
Finally, in a third study, patients seeking treatment for alcohol use disorder “consumed a mean of 8.08 daily MAP [Managed Alcohol Program]-provided standard drinks prior to the introduction of cannabis substitution and a mean of 6.45 daily MAP-provided standard drinks after its introduction.”<br />
<br />
Commenting on the consistent results, NORML’s Deputy Director Paul Armentano said: “These findings provide support for the idea that legal cannabis can serve as a substitute for alcohol among certain individuals, and that legal cannabis markets may, in some instances, disrupt alcohol-dominant marketplaces.”<br />
<br />
#9: Marijuana Legalization Support Remains High, But Dips Among Republicans<br />
<br />
Nearly two out of three US adults say that “the use of marijuana should be legal,” according to nationwide polling data compiled in November by Gallup. That percentage represents a slight dip from 2024 data, when 68 percent of respondents backed legalization. <br />
<br />
The percentage change was primarily driven by declining support among Republicans – only 40 percent of whom endorse marijuana legalization. By contrast, 85 percent of Democrats support legalization – a near all-time high, as do 66 percent of Independents.<br />
<br />
Historically, Republicans have been less likely than either Democrats or Independents to express support for legalization. In 2023, 55 percent of Republicans endorsed legalizing marijuana, the highest percentage ever.<br />
<br />
#10: NIH Database Now Includes Over 53,000 Cannabis-Related Studies<br />
<br />
For the fifth consecutive year, researchers worldwide published over 4,000 scientific papers specific to cannabis, its active constituents, and their effects, according to the results of a keyword search of the National Library of Medicine/PubMed.gov website.<br />
<br />
“Despite the perception that marijuana has yet to be subject to adequate scientific scrutiny, scientists’ interest in studying cannabis has increased exponentially in the past decade, as has our understanding of the plant, its active constituents, their mechanisms of action, and their effects on both the user and upon society,” NORML’s Deputy Director Paul Armentano said. “It is time for politicians and others to stop assessing cannabis through the lens of ‘what we don’t know’ and instead start engaging in evidence-based discussions about marijuana and marijuana reform policies that are indicative of all that we do know.”<br />
<br />
Over the past decade, there has been a dramatic increase in scientific inquiries about the cannabis plant — with researchers publishing more than 37,000 scientific papers about cannabis since the beginning of 2015. As of this writing, PubMed.gov cites over 53,000 scientific papers on marijuana dating back to the year 1840.<br />
<br />
<a href="https://norml.org/news/2025/12/30/2025-year-in-review-normls-top-ten-events-in-marijuana-policy/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/12/30/2025-y...na-policy/</a>]]></content:encoded>
		</item>
		<item>
			<title><![CDATA[Ohio: Governor Signs Legislation Undermining Voter-Approved Adult-Use Marijuana Legal]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=47</link>
			<pubDate>Wed, 31 Dec 2025 03:18:39 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=47</guid>
			<description><![CDATA[Ohio: Governor Signs Legislation Undermining Voter-Approved Adult-Use Marijuana Legalization Law<br />
by NORML Posted on December 22, 2025<br />
<br />
Republican Gov. Mike DeWine on Friday signed legislation (SB 56) into law amending and repealing key provisions of the state’s voter-approved adult-use legalization law.<br />
<br />
The Republican-spearheaded bill make numerous changes to Ohio’s hemp and marijuana laws. Among the more significant changes, it criminalizes possessing marijuana products obtained from out-of-state, including products legally purchased at licensed dispensaries in neighboring jurisdictions. No other legalization state imposes such restrictions. <br />
<br />
It also repeals provisions protecting adult-use consumers from facing either workplace or professional disciplinary action, as well as other forms of discrimination based solely upon their private marijuana use (such as the denial of parental rights or certain hospital procedures, such as organ transplants). It imposes new arbitrary limits on the percentages of THC permitted in adult-use and medical cannabis concentrates and it caps the total number of retail licenses permitted statewide. It also imposes new criminal sanctions upon those who either possess or transport certain cannabis products if they are not in their original, unopened packaging, among other restrictions.<br />
<br />
Other provisions in the bill restrict the the retail sale of hemp-derived products, including beverages, solely to state-licensed dispensaries. That restriction will take effect in 90 days. Although lawmakers included language in the bill delaying the beverage ban for one year, the Governor vetoed that explicit provision.<br />
<br />
NORML lobbied against lawmakers’ efforts to roll back the law, which was approved in 2023 by 57 percent of voters. In an op-ed in The Columbus Dispatch, NORML’s Deputy Director Paul Armentano and Political Director Morgan Fox said: “Legislators do not have the right to play Monday morning quarterback simply because most Ohioans voted in a way they disapprove.” NORML’s action alert opposing SB 56 was shared with lawmakers over 24,000 times. It states: “This bill is a slap in the face to the millions of Ohioans who voted in favor of Issue 2. Once again, politicians are arrogantly trying to claim that the public didn’t know what they were voting for.”<br />
<br />
NORML’s Deputy Director Paul Armentano said that the GOP-led actions in Ohio are part of a growing and disturbing nationwide trend. In recent years, lawmakers in Republican-led states have become increasingly hostile to voter-approved marijuana laws, despite their bipartisan public support. For instance, lawmakers in Mississippi and South Dakota successfully sued to nullify election results in those states legalizing cannabis. In Texas, Republican Attorney General Ken Paxton sued several cities to overturn voter-initiated marijuana depenalization laws. In Nebraska, lawmakers and regulators have largely gutted the state’s voter-approved medical cannabis access law.<br />
<br />
“In a healthy democracy, those with competing visions on public policy vie for voters’ support and abide by their voting decisions. However, it is becoming clear that those who oppose marijuana policy reform would rather take voters out of the equation altogether,” Armentano said. “Whether or not one personally supports or opposes cannabis legalization, these undemocratic tactics ought to cause deep concern.”<br />
<br />
Read the enrolled text of Senate Bill 56. A summary of SB 56’s revisions to Ohio’s adult-use marijuana legalization and hemp laws is available from Ohio State University.<br />
<br />
<a href="https://norml.org/blog/2025/12/22/ohio-governor-signs-legislation-undermining-voter-approved-adult-use-marijuana-legalization-law/?link_id=9&amp;can_id=52bfd0da04cb7aa0075cf19175e5f8c0&amp;source=email-2025-year-in-review-normls-top-ten-events-in-marijuana-policy&amp;email_referrer=email_3034983&amp;email_subject=2025-year-in-review-normls-top-ten-events-in-marijuana-policy&amp;&amp;" target="_blank" rel="noopener" class="mycode_url">https://norml.org/blog/2025/12/22/ohio-g...a-policy&amp;&amp;</a>]]></description>
			<content:encoded><![CDATA[Ohio: Governor Signs Legislation Undermining Voter-Approved Adult-Use Marijuana Legalization Law<br />
by NORML Posted on December 22, 2025<br />
<br />
Republican Gov. Mike DeWine on Friday signed legislation (SB 56) into law amending and repealing key provisions of the state’s voter-approved adult-use legalization law.<br />
<br />
The Republican-spearheaded bill make numerous changes to Ohio’s hemp and marijuana laws. Among the more significant changes, it criminalizes possessing marijuana products obtained from out-of-state, including products legally purchased at licensed dispensaries in neighboring jurisdictions. No other legalization state imposes such restrictions. <br />
<br />
It also repeals provisions protecting adult-use consumers from facing either workplace or professional disciplinary action, as well as other forms of discrimination based solely upon their private marijuana use (such as the denial of parental rights or certain hospital procedures, such as organ transplants). It imposes new arbitrary limits on the percentages of THC permitted in adult-use and medical cannabis concentrates and it caps the total number of retail licenses permitted statewide. It also imposes new criminal sanctions upon those who either possess or transport certain cannabis products if they are not in their original, unopened packaging, among other restrictions.<br />
<br />
Other provisions in the bill restrict the the retail sale of hemp-derived products, including beverages, solely to state-licensed dispensaries. That restriction will take effect in 90 days. Although lawmakers included language in the bill delaying the beverage ban for one year, the Governor vetoed that explicit provision.<br />
<br />
NORML lobbied against lawmakers’ efforts to roll back the law, which was approved in 2023 by 57 percent of voters. In an op-ed in The Columbus Dispatch, NORML’s Deputy Director Paul Armentano and Political Director Morgan Fox said: “Legislators do not have the right to play Monday morning quarterback simply because most Ohioans voted in a way they disapprove.” NORML’s action alert opposing SB 56 was shared with lawmakers over 24,000 times. It states: “This bill is a slap in the face to the millions of Ohioans who voted in favor of Issue 2. Once again, politicians are arrogantly trying to claim that the public didn’t know what they were voting for.”<br />
<br />
NORML’s Deputy Director Paul Armentano said that the GOP-led actions in Ohio are part of a growing and disturbing nationwide trend. In recent years, lawmakers in Republican-led states have become increasingly hostile to voter-approved marijuana laws, despite their bipartisan public support. For instance, lawmakers in Mississippi and South Dakota successfully sued to nullify election results in those states legalizing cannabis. In Texas, Republican Attorney General Ken Paxton sued several cities to overturn voter-initiated marijuana depenalization laws. In Nebraska, lawmakers and regulators have largely gutted the state’s voter-approved medical cannabis access law.<br />
<br />
“In a healthy democracy, those with competing visions on public policy vie for voters’ support and abide by their voting decisions. However, it is becoming clear that those who oppose marijuana policy reform would rather take voters out of the equation altogether,” Armentano said. “Whether or not one personally supports or opposes cannabis legalization, these undemocratic tactics ought to cause deep concern.”<br />
<br />
Read the enrolled text of Senate Bill 56. A summary of SB 56’s revisions to Ohio’s adult-use marijuana legalization and hemp laws is available from Ohio State University.<br />
<br />
<a href="https://norml.org/blog/2025/12/22/ohio-governor-signs-legislation-undermining-voter-approved-adult-use-marijuana-legalization-law/?link_id=9&amp;can_id=52bfd0da04cb7aa0075cf19175e5f8c0&amp;source=email-2025-year-in-review-normls-top-ten-events-in-marijuana-policy&amp;email_referrer=email_3034983&amp;email_subject=2025-year-in-review-normls-top-ten-events-in-marijuana-policy&amp;&amp;" target="_blank" rel="noopener" class="mycode_url">https://norml.org/blog/2025/12/22/ohio-g...a-policy&amp;&amp;</a>]]></content:encoded>
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			<title><![CDATA[Case Reports: Cannabis Oil Associated With Tumor Regression in Patients With Advanced]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=46</link>
			<pubDate>Wed, 31 Dec 2025 03:16:58 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
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			<description><![CDATA[Case Reports: Cannabis Oil Associated With Tumor Regression in Patients With Advanced Liver Cancer<br />
by NORML Posted on December 11, 2025<br />
<br />
Groningen, Netherlands: A pair of patients with advanced hepatocellular carcinoma (HCC) experienced spontaneous tumor regression following the daily use of cannabis extracts, according to data published in the Journal of Cannabis Research.<br />
<br />
Dutch investigators documented “complete” tumor regression in a pair of patients with advanced HCC. Both patients consumed THC-dominant cannabis oils daily. Neither patient engaged in any significant lifestyle, dietary, or other supportive interventions aside from the use of cannabis extracts. <br />
<br />
Spontaneous regression of HCC typically occurs in fewer than one-half of one percent of all cases.<br />
<br />
The study’s authors concluded: “In this report, we present two patients (ages 82 and 77) with advanced HCC with a high tumor burden who demonstrated durable and complete regression after use of cannabis oil. … The observations in this report build on previous (pre)clinical research highlighting the potential anti-tumor qualities of cannabinoids and stress the need for clinical trials investigating the anti-tumor effects of cannabinoids in cancer patients.”<br />
<br />
Cannabinoids have demonstrated well-established anti-cancer activities in preclinical models, but their efficacy as an anti-cancer agent has rarely been assessed in clinical trials.<br />
<br />
Full text of the study, “Durable complete response of advanced hepatocellular carcinoma using cannabis oil: A report of two cases,” appears in the Journal of Cannabis Research.<br />
<br />
<a href="https://norml.org/news/2025/12/11/case-reports-cannabis-oil-associated-with-tumor-regression-in-patients-with-advanced-liver-cancer/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/12/11/case-r...er-cancer/</a>]]></description>
			<content:encoded><![CDATA[Case Reports: Cannabis Oil Associated With Tumor Regression in Patients With Advanced Liver Cancer<br />
by NORML Posted on December 11, 2025<br />
<br />
Groningen, Netherlands: A pair of patients with advanced hepatocellular carcinoma (HCC) experienced spontaneous tumor regression following the daily use of cannabis extracts, according to data published in the Journal of Cannabis Research.<br />
<br />
Dutch investigators documented “complete” tumor regression in a pair of patients with advanced HCC. Both patients consumed THC-dominant cannabis oils daily. Neither patient engaged in any significant lifestyle, dietary, or other supportive interventions aside from the use of cannabis extracts. <br />
<br />
Spontaneous regression of HCC typically occurs in fewer than one-half of one percent of all cases.<br />
<br />
The study’s authors concluded: “In this report, we present two patients (ages 82 and 77) with advanced HCC with a high tumor burden who demonstrated durable and complete regression after use of cannabis oil. … The observations in this report build on previous (pre)clinical research highlighting the potential anti-tumor qualities of cannabinoids and stress the need for clinical trials investigating the anti-tumor effects of cannabinoids in cancer patients.”<br />
<br />
Cannabinoids have demonstrated well-established anti-cancer activities in preclinical models, but their efficacy as an anti-cancer agent has rarely been assessed in clinical trials.<br />
<br />
Full text of the study, “Durable complete response of advanced hepatocellular carcinoma using cannabis oil: A report of two cases,” appears in the Journal of Cannabis Research.<br />
<br />
<a href="https://norml.org/news/2025/12/11/case-reports-cannabis-oil-associated-with-tumor-regression-in-patients-with-advanced-liver-cancer/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/12/11/case-r...er-cancer/</a>]]></content:encoded>
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			<title><![CDATA[California: No Significant Uptick in Marijuana Use by Adults Following Legalization]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=45</link>
			<pubDate>Wed, 31 Dec 2025 03:15:48 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
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			<description><![CDATA[California: No Significant Uptick in Marijuana Use by Adults Following Legalization<br />
by NORML Posted on December 4, 2025<br />
<br />
Berkeley, CA: The percentage of adults in California reporting current cannabis use has remained stable following legalization, according to findings published in the journal Substance Use &amp; Misuse.<br />
<br />
Researchers affiliated with the Prevention Research Center in Berkeley assessed trends in past 30-day cannabis use from 2018 to 2023 using data compiled by the California Health Interview Survey – a representative sample of tens of thousands of Californians.<br />
<br />
Contrary to investigators’ expectations, they identified no significant overall increase in self-reported cannabis use by adults. <br />
<br />
“In summary, the overall trend for cannabis use in the past 30-day in California remained unchanged from 2018 to 2023, eight years after legalization and six years after cannabis retail became available,” the study’s authors concluded. “Future research should focus on identifying trends among gender, age, and ethnic groups.”<br />
<br />
The findings are consistent with national trends reporting no significant uptick in marijuana use by adolescents post-legalization, but they are inconsistent with several surveys finding increased cannabis use among young adults and seniors. <br />
<br />
Full text of the study, “Trends in pot-legalization cannabis use among ethnic groups in California: 2018-2023,” appears in Substance Use &amp; Misuse.<br />
<br />
<a href="https://norml.org/news/2025/12/04/california-no-significant-uptick-in-marijuana-use-by-adults-following-legalization/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/12/04/califo...alization/</a>]]></description>
			<content:encoded><![CDATA[California: No Significant Uptick in Marijuana Use by Adults Following Legalization<br />
by NORML Posted on December 4, 2025<br />
<br />
Berkeley, CA: The percentage of adults in California reporting current cannabis use has remained stable following legalization, according to findings published in the journal Substance Use &amp; Misuse.<br />
<br />
Researchers affiliated with the Prevention Research Center in Berkeley assessed trends in past 30-day cannabis use from 2018 to 2023 using data compiled by the California Health Interview Survey – a representative sample of tens of thousands of Californians.<br />
<br />
Contrary to investigators’ expectations, they identified no significant overall increase in self-reported cannabis use by adults. <br />
<br />
“In summary, the overall trend for cannabis use in the past 30-day in California remained unchanged from 2018 to 2023, eight years after legalization and six years after cannabis retail became available,” the study’s authors concluded. “Future research should focus on identifying trends among gender, age, and ethnic groups.”<br />
<br />
The findings are consistent with national trends reporting no significant uptick in marijuana use by adolescents post-legalization, but they are inconsistent with several surveys finding increased cannabis use among young adults and seniors. <br />
<br />
Full text of the study, “Trends in pot-legalization cannabis use among ethnic groups in California: 2018-2023,” appears in Substance Use &amp; Misuse.<br />
<br />
<a href="https://norml.org/news/2025/12/04/california-no-significant-uptick-in-marijuana-use-by-adults-following-legalization/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/12/04/califo...alization/</a>]]></content:encoded>
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			<title><![CDATA[Longitudinal Study: Endometriosis Patients Experience Improvements Following Medical]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=44</link>
			<pubDate>Wed, 31 Dec 2025 03:14:19 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
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			<description><![CDATA[Longitudinal Study: Endometriosis Patients Experience Improvements Following Medical Cannabis Therapy<br />
by NORML Posted on December 11, 2025<br />
<br />
London, United Kingdom: Endometriosis patients report health-related quality of life improvements following the use of medical cannabis preparations, according to observational data published in the journal Obstetrics &amp; Gynecology.<br />
<br />
British investigators assessed the use of cannabis-based medicinal products (CBMPs) in a cohort of 63 endometriosis patients enrolled in the UK Medical Cannabis Registry. (British health care providers may prescribe cannabis-based medicinal products to patients unresponsive to conventional medications.) Patients’ outcomes were assessed at baseline and at 1, 3, 6, 12, and 18 months. Study participants consumed either herbal cannabis or oil extracts containing a nearly equal ratio of THC and CBD.<br />
<br />
Patients acknowledged improvements in their chronic pain and other health-related quality of life measures following cannabis therapy. <br />
<br />
“These results provide a signal towards improvement in short-term pain severity and interference for endometriosis patients after the initiation of CMBP treatment,” the study’s authors concluded. “This study provides valuable real-world data and complements the development of RCTs [randomized clinical trials] to further examine the efficacy and safety of CBMPs for endometriosis-associated chronic pain.”<br />
<br />
Survey data reports that nearly one in five endometriosis patients consume cannabis to manage their symptoms.<br />
<br />
Other observational studies assessing the use of cannabis products among those enrolled in the UK Medical Cannabis Registry have reported them to be beneficial for patients diagnosed with treatment-resistant epilepsy, cancer-related pain, anxiety, fibromyalgia, inflammatory bowel disease, hypermobility disorders, depression, migraine, multiple sclerosis, osteoarthritis, substance use disorders, insomnia, and inflammatory arthritis, among other conditions.<br />
<br />
Full text of the study, “A longitudinal assessment of endometriosis patients prescribed cannabis-based medicinal products: A case series from the UK Medical Cannabis Registry,” appears in Obstetrics &amp; Gynecology.<br />
<br />
<a href="https://norml.org/news/2025/12/11/longitudinal-study-endometriosis-patients-experience-improvements-following-medical-cannabis-therapy/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/12/11/longit...s-therapy/</a>]]></description>
			<content:encoded><![CDATA[Longitudinal Study: Endometriosis Patients Experience Improvements Following Medical Cannabis Therapy<br />
by NORML Posted on December 11, 2025<br />
<br />
London, United Kingdom: Endometriosis patients report health-related quality of life improvements following the use of medical cannabis preparations, according to observational data published in the journal Obstetrics &amp; Gynecology.<br />
<br />
British investigators assessed the use of cannabis-based medicinal products (CBMPs) in a cohort of 63 endometriosis patients enrolled in the UK Medical Cannabis Registry. (British health care providers may prescribe cannabis-based medicinal products to patients unresponsive to conventional medications.) Patients’ outcomes were assessed at baseline and at 1, 3, 6, 12, and 18 months. Study participants consumed either herbal cannabis or oil extracts containing a nearly equal ratio of THC and CBD.<br />
<br />
Patients acknowledged improvements in their chronic pain and other health-related quality of life measures following cannabis therapy. <br />
<br />
“These results provide a signal towards improvement in short-term pain severity and interference for endometriosis patients after the initiation of CMBP treatment,” the study’s authors concluded. “This study provides valuable real-world data and complements the development of RCTs [randomized clinical trials] to further examine the efficacy and safety of CBMPs for endometriosis-associated chronic pain.”<br />
<br />
Survey data reports that nearly one in five endometriosis patients consume cannabis to manage their symptoms.<br />
<br />
Other observational studies assessing the use of cannabis products among those enrolled in the UK Medical Cannabis Registry have reported them to be beneficial for patients diagnosed with treatment-resistant epilepsy, cancer-related pain, anxiety, fibromyalgia, inflammatory bowel disease, hypermobility disorders, depression, migraine, multiple sclerosis, osteoarthritis, substance use disorders, insomnia, and inflammatory arthritis, among other conditions.<br />
<br />
Full text of the study, “A longitudinal assessment of endometriosis patients prescribed cannabis-based medicinal products: A case series from the UK Medical Cannabis Registry,” appears in Obstetrics &amp; Gynecology.<br />
<br />
<a href="https://norml.org/news/2025/12/11/longitudinal-study-endometriosis-patients-experience-improvements-following-medical-cannabis-therapy/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/news/2025/12/11/longit...s-therapy/</a>]]></content:encoded>
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			<title><![CDATA[Stop Federal Housing Discrimination Against Lawful Cannabis Consumers]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=43</link>
			<pubDate>Wed, 31 Dec 2025 03:12:33 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
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			<description><![CDATA[Stop Federal Housing Discrimination Against Lawful Cannabis Consumers<br />
Congresswoman Eleanor Holmes Norton (D-DC) and Senator Cory Booker (D-NJ) have reintroduced legislation, the Marijuana in Federally Assisted Housing Parity Act, to prevent cannabis consumers and their families from being denied access to federally-funded housing by permitting residents to responsibly use cannabis products in compliance with their state's laws.<br />
<br />
Under current federal law, people who use cannabis – including those who do so in compliance with state laws – are ineligible for placement in federally-funded housing. Others who are already residing in subsidized housing can be evicted, even if their use is not bothering their neighbors.<br />
<br />
Every day, we at NORML hear from people who are getting kicked out on the street because of this discriminatory federal policy. Many of these people rely on cannabis to treat medical conditions. These policies often lead to entire families being evicted from public housing, and result in higher citation and arrest rates for public consumption in marginalized communities.<br />
<br />
More than half of all Americans live in states where cannabis is legal for adults, and medical cannabis is permitted in most states. It is cruel and unjust to punish the most vulnerable members of society for lawful, responsible cannabis use.<br />
<br />
Please use this pre-written letter to tell Congress and the White House to support the Marijuana in Federally Assisted Housing Parity Act.<br />
<br />
[NOTE: Some lawmakers require you to pick a topic from a dropdown menu when sending your letter. If you cannot find a topic that best matches the topic of this letter, pick any topic in order to move forward with the delivery process. If you are unable to pick a topic when prompted, try switching browsers or clearing your cache and cookies.]<br />
<br />
<a href="https://norml.org/act/stop-federal-housing-discrimination-against-lawful-cannabis-consumers/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/act/stop-federal-housi...consumers/</a>]]></description>
			<content:encoded><![CDATA[Stop Federal Housing Discrimination Against Lawful Cannabis Consumers<br />
Congresswoman Eleanor Holmes Norton (D-DC) and Senator Cory Booker (D-NJ) have reintroduced legislation, the Marijuana in Federally Assisted Housing Parity Act, to prevent cannabis consumers and their families from being denied access to federally-funded housing by permitting residents to responsibly use cannabis products in compliance with their state's laws.<br />
<br />
Under current federal law, people who use cannabis – including those who do so in compliance with state laws – are ineligible for placement in federally-funded housing. Others who are already residing in subsidized housing can be evicted, even if their use is not bothering their neighbors.<br />
<br />
Every day, we at NORML hear from people who are getting kicked out on the street because of this discriminatory federal policy. Many of these people rely on cannabis to treat medical conditions. These policies often lead to entire families being evicted from public housing, and result in higher citation and arrest rates for public consumption in marginalized communities.<br />
<br />
More than half of all Americans live in states where cannabis is legal for adults, and medical cannabis is permitted in most states. It is cruel and unjust to punish the most vulnerable members of society for lawful, responsible cannabis use.<br />
<br />
Please use this pre-written letter to tell Congress and the White House to support the Marijuana in Federally Assisted Housing Parity Act.<br />
<br />
[NOTE: Some lawmakers require you to pick a topic from a dropdown menu when sending your letter. If you cannot find a topic that best matches the topic of this letter, pick any topic in order to move forward with the delivery process. If you are unable to pick a topic when prompted, try switching browsers or clearing your cache and cookies.]<br />
<br />
<a href="https://norml.org/act/stop-federal-housing-discrimination-against-lawful-cannabis-consumers/" target="_blank" rel="noopener" class="mycode_url">https://norml.org/act/stop-federal-housi...consumers/</a>]]></content:encoded>
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			<title><![CDATA[Industry Stakeholders, Experts React to Trump’s Schedule III Cannabis Order]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=42</link>
			<pubDate>Sat, 20 Dec 2025 21:56:05 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
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			<description><![CDATA[Industry Stakeholders, Experts React to Trump’s Schedule III Cannabis Order<br />
Business executives, advocates, attorneys, politicians, and ancillary service providers overwhelmingly applaud the order as a first step, not an end destination.<br />
Tony Lange<br />
December 19, 2025<br />
<br />
President Donald Trump said it loud and clear during his executive order on Dec. 18 to reschedule cannabis: He’s never been inundated by “so many people” on a particular issue.<br />
The move directing U.S. Attorney General Pamela Bondi to reclassify cannabis from Schedule I to Schedule III is not a small detail lost on just about anyone connected to the industry. Loosening restrictions on the plant through lowering its potential for abuse and finally recognizing its medicinal value breaks ties with 55 years of precedence under the Controlled Substances Act.<br />
“We have people begging for me to do this,” Trump said during Thursday’s signing ceremony, mentioning veterans with service-related injuries and older Americans living with chronic medical problems that “severely degrade their quality of life.”<br />
According to the president, 82% of Americans support cannabis rescheduling.<br />
“I think I probably have received more phone calls on this, on doing what we’re doing,” he said. “I don't think I received any calls on the other side of it, but hopefully this reclassification … will help many of those patients live a far better life.”<br />
Trump emphasized that rescheduling is not legalization and that it’s “never safe to use powerful controlled substances in recreational manners,” calling attention to prescription painkillers that, while having “legitimate use,” can do irreversible damage and “wreck” lives if abused.<br />
At the same time, the president said that “facts” compel the federal government to recognize that cannabis has medical applications that can be substitutes for “addictive and potentially lethal opioid painkillers. They cause tremendous problems. [Cannabis] can do it in a much lesser way. It can make people feel much better that are living through tremendous pain and problems.”<br />
Trump said he promised to be a president of common sense and that rescheduling cannabis is a common-sense issue.<br />
“This is really something having to do with common sense, and it’s something having to do with the fact that so many people that I respect asked me to do,” he said. “I’ve never been inundated by so many people as I have about this particular reclassification.”<br />
Also in the executive order, Trump directed White House officials to work with Congress to update the statutory definition of final hemp-derived cannabinoid products to allow Americans to benefit from access to full-spectrum, nonintoxicating CBD products. This approach will be complemented by a Centers for Medicare and Medicaid Services (CMS) policy shift allowing doctors to recommend CBD products to older Americans, with Medicare covering up to &#36;500 annually for qualifying individuals as soon as April 2026.<br />
While the majority of cannabis industry stakeholders applaud the reform directives, many differ on their viewpoints on the potential impacts. Others used their platforms to promote full legalization by descheduling cannabis from the CSA altogether. <br />
Here are many of those takes:<br />
Michael Bronstein, President<br />
American Trade Association for Cannabis and Hemp (ATACH)<br />
“Today’s decision to move cannabis to Schedule III marks the most significant federal shift in cannabis policy in over 50 years. After decades of outdated policy, the federal government has finally acknowledged what we as a movement have said for a generation: that marijuana can be medicine. It opens doors to expanded medical research and helps reduce the stigma and provide for better patient outcomes. This change also brings long-overdue equal tax treatment by lifting draconian tax penalties on state-legal businesses, and allowing reinvestment in local jobs and communities. Today is a celebration, but our work is not done, and we will build on this momentum to establish a comprehensive regulatory framework to fully end prohibition in America.” –Michael Bronstein<br />
Kim Rivers, CEO<br />
Trulieve<br />
"This bold and historic direction from President Trump represents long overdue change and a major milestone in cannabis reform. Trulieve is grateful for the decisive action taken by the administration that acknowledges the medical benefits of cannabis, supports licensed and regulated operators, and allows law enforcement agencies to prosecute bad actors. We are committed to supporting the administration throughout this process." –Kim Rivers<br />
Howard Kessler, Founder<br />
The Commonwealth Project<br />
"President Trump’s executive order has unleashed a seismic shift in health care – one of the boldest breakthroughs in generations. While the rescheduling of cannabis will dominate the headlines, it's his revolutionary pilot Medicare program that brings immediate, life-altering relief and access to cannabinoid-based therapies for millions of seniors grappling with chronic pain and debilitating conditions. We've championed the profound medical benefits of CBT for our aging population, and today, the president has transformed that vision into action. Hats off to him for heeding the evidence, leading with compassion, and smashing barriers so seniors can access the care they deserve – now. For seniors, CBT is a game-changer offering safe, evidence-based options for chronic conditions that traditional meds often fail.” –Howard Kessler<br />
Kimberly Roy, Commissioner<br />
Massachusetts Cannabis Control Commission<br />
“President Trump’s executive order expediting rescheduling of cannabis marks a significant step forward for public health and patient care in the United States. By aligning federal policy more closely with the science, this action will help remove long-standing barriers to medical research and open the door to safer, more effective treatments for people living with chronic and debilitating conditions.<br />
“For veterans managing service-related injuries and trauma, and for older Americans coping with pain, cancer, and age-related illnesses, this change has the potential to expand access to evidence-based therapies while maintaining strong safeguards. It will also empower researchers and clinicians to better understand both the benefits and risks of cannabis, ultimately improving clinical guidance, product safety, and quality of life for patients across the country. My hope is that Massachusetts will be a global leader in this effort.” -Kimberly Roy<br />
Gibran Washington, CEO<br />
Ethos<br />
Rescheduling cannabis from Schedule I to Schedule III is a long-overdue acknowledgment of what patients, providers, and responsible operators have known for years: This plant has real therapeutic value, and the current federal posture has been holding progress back. Rescheduling won’t fix every challenge in front of us, but it finally moves us in the right direction, opening clearer pathways for research, easing unnecessary barriers for patients, and creating a more functional regulatory environment for operators who are doing this the right way. At Ethos, our commitment has always been to education, science, and access. This shift should be the beginning of broader reforms that address affordability, equity, and the stigma that still shadows this industry. If done thoughtfully, rescheduling can be a catalyst for a more transparent, patient-centered, and responsible cannabis ecosystem. –Gibran Washington<br />
Boris Jordan, Chairman and CEO<br />
Curaleaf<br />
“Thank you, President Trump, for moving forward with rescheduling cannabis to Schedule III. This action is a landmark moment for our industry and the country. President Trump’s action is the most impactful move taken around the cannabis plant since its prohibition 55 years ago. We applaud the Trump Administration for boldly acknowledging what science, patients, and the industry have known for years: Cannabis has real medical value and never belonged in Schedule I in the first place.<br />
“President Trump promised action, and he delivered. Rescheduling will expand research, ensure broad medical access, protect young people and patients from the illicit market, drive investment, and address outdated tax policies that punish legal operators. It’s a win for public health, the economy, and common sense.” –Boris Jordan<br />
George Archos, Founder and CEO<br />
Verano<br />
“Today's historic cannabis rescheduling announcement marks a significant milestone and transformative policy shift that paves the way for America’s next great homegrown industry to finally reach its full potential by serving patients, creating jobs, unlocking economic growth, and reversing decades of harmful prohibitionist policies.    <br />
“We’re grateful to President Trump for recognizing the overwhelming majority of Americans who support cannabis rescheduling, opening the door to federal reform, medical research, and normalization for an industry that employs hundreds of thousands of professionals and contributes billions of dollars in taxes and economic activity every year.   <br />
“We look forward to the new opportunities rescheduling will provide cannabis businesses of all sizes, including critical banking and regulatory reforms that will unlock additional health, wellness, and economic benefits for communities nationwide.” –George Archos<br />
Jon Levine, CEO<br />
MariMed<br />
“We commend President Trump and the Trump administration for reclassifying cannabis as a Schedule III drug. This is the single greatest cannabis reform in U.S. history and will have far-reaching benefits for years to come. Most important, the reclassification means the federal government officially acknowledges that cannabis has widely accepted medical uses and low abuse potential.<br />
“Rescheduling will accelerate accredited medical research into medications derived from cannabis and should result in a significant increase of consumers who will embrace cannabis as a qualified alternative to opioids for chronic pain, sleep, anxiety and other ailments.<br />
“Additionally, state-legal cannabis businesses will no longer be subject to the IRS Section 280E tax penalty. Compliant operators like MariMed will finally be taxed like other consumer packaged goods sectors, materially improving profitability and free cash flow.” –Jon Levine<br />
Charlie Bachtell, CEO/Chair<br />
Cresco Labs/US Cannabis Roundtable<br />
“The US Cannabis Roundtable commends President Trump and the Trump administration for moving to reclassify cannabis as a Schedule III drug. Once completed, this shift will mark a dramatic break with the failed policies of the past. Cannabis has widely accepted medical uses and low abuse potential. It never belonged at Schedule I. After more than five decades, this untenable status quo is finally coming to an end.” –Charlie Bachtell<br />
Ben Kovler, CEO<br />
Green Thumb Industries<br />
“Rescheduling cannabis to Schedule III is long overdue and an important acknowledgment of the science-backed medical benefits recognized by patients for decades. Across the United States, millions of registered patients rely on cannabis for relief from a wide range of chronic conditions and debilitating symptoms. <br />
“We commend the administration for taking this historic step, while recognizing it is only the beginning. True federal reform is still needed to allow the cannabis industry to reach its full potential and meet growing demand nationwide. At Green Thumb, we remain committed to advocating for lasting change that will expand access and deliver well-being to even more Americans.” –Ben Kovler<br />
Scott Davido, CEO<br />
Ayr Wellness<br />
“Ayr Wellness applauds the historic executive order from President Trump to reclassify cannabis from Schedule I to Schedule III. This marks a major step towards unlocking further research into the medical efficacy of cannabis and allowing fair tax treatment for the cannabis industry. Our industry is one of the fastest-growing sectors of the U.S. economy, employing more than 400,000 Americans. Alongside our peers, we continue to advocate for further cannabis reform federally and at the state level, which we believe will be spurred by today’s historic decision.” –Scott Davido<br />
Sam Brill, CEO and Director<br />
Ascend Wellness Holdings<br />
“The move to reschedule cannabis from Schedule I to Schedule III marks a critical advancement for society, public safety, and access for patients across the United States. Recognizing the medicinal benefits of cannabis paves the way for expanded research, informed policymaking, and more consistent access to safe, regulated products for those who need them most.<br />
“We commend the Trump administration for taking this long-overdue, common-sense, and data-driven step forward. We are optimistic that continued progress will support a transparent and regulated framework that protects individual liberties, enhances public health, fosters a well-regulated market, and drives domestic employment and economic growth.” –Sam Brill<br />
Jason Wild, Executive Chairman<br />
TerrAscend<br />
“President Trump's move to reschedule cannabis is a game-changer. For TerrAscend, it means clarity on 280E, lower cost of capital, and the ability to compete on a level playing field. With predictable cash flow, we can expand more aggressively and drive long-term shareholder value.” –Jason Wild<br />
Brooks Jorgensen, President<br />
Canopy USA<br />
“Today’s decision to reclassify cannabis marks a significant step forward in modernizing U.S. federal cannabis policy and advancing a regulated, responsible market. Rescheduling provides greater regulatory clarity for operators and helps unlock a more sustainable business environment, supporting access to research, improving patient care, and expanding safe, regulated options for consumers. It also represents meaningful progress toward aligning federal policy with state-regulated markets that are already serving millions of Americans. Canopy USA is well-positioned for this next phase, with established operations and leading brands including Jetty, Wana, and Acreage. We’ve built our platform with a focus on compliance and quality, and we believe continued policy progress strengthens the foundation for long-term value creation across the U.S. cannabis sector.” –Brooks Jorgensen<br />
Jeff Merkley, Democratic U.S. Senator<br />
Oregon<br />
“Cannabis rescheduling is a step in the right direction, allowing medical research and legal cannabis businesses to be appropriately taxed on their net profits. But this change from Schedule I to Schedule III still leaves these cannabis businesses in violation of criminal law because the production and use of cannabis for nonmedical purposes remain a federal crime. As such, these legal businesses are still prevented from accessing the banking system.<br />
“That remains a huge problem, encouraging all sorts of criminal activities, including robberies of cannabis businesses operating in all cash, false accounting, money laundering, and organized crime. That’s why we still need to pass the bipartisan SAFER Banking Act, which, during his campaign, President Trump urged Congress to send to his desk.<br />
“I will continue to push for fully descheduled cannabis – which is essential to addressing the harms perpetuated by the war on drugs and the criminalization of cannabis on communities of color – and work with both Republicans and Democrats to advance common-sense cannabis reforms for banking services and medical treatment.” –Jeff Merkley<br />
Wendy Bronfein, Co-Founder, Chief Brand Officer, and Director of Public Policy<br />
Curio Wellness<br />
“After years of empty promises and political posturing around cannabis reform, today’s announcement from President Trump marks a real turning point.<br />
“This decision recognizes what patients, veterans, seniors, and families across the country already know: Responsible cannabis policy can help reduce reliance on opioids, give people safer options to manage pain, and improve health outcomes and quality of life. It also ensures that legal, regulated businesses are treated fairly under federal law.<br />
“What makes today especially meaningful is that it’s informed by years of rigorous work from leading experts in medicine, pharmacology, and public health – including members of Curio’s scientific board, who have contributed trusted, evidence-based insight from both the U.S. and abroad. Their research and engagement helped ensure policymakers were equipped with credible data, not ideology.<br />
“We’re grateful to President Trump for following the facts, putting consumers first, and taking decisive action to modernize cannabis policy in a way that is practical, compassionate, and long overdue.” -Wendy Bronfein<br />
Omar Delgado, VP of Retail<br />
Ivy Hall<br />
“The reclassification of cannabis is a long-overdue step in the right direction. For years, our industry has navigated unnecessary obstacles due to outdated federal policies that perpetuated stigma and slowed progress.<br />
“Any move away from Schedule I isn’t just progress for cannabis businesses; it’s progress for justice and freedom. At Ivy Hall, we’re excited to be part of this shift toward treating cannabis with the respect it deserves. We remain committed to building a future where this plant brings healing and opportunity.” –Omar Delgado<br />
Cristy Aranguiz, CEO and Co-Founder<br />
Cannabis and Glass<br />
“Today’s decision is a monumental step forward for both businesses like mine and the patients who rely on it every day. For more than a decade, I’ve seen cannabis ease chronic pain, reduce anxiety, support recovery, and improve quality of life. Patients and doctors have long recognized these benefits, but federal policy has lagged behind. Rescheduling finally acknowledges what millions already know: cannabis is a legitimate therapeutic tool.<br />
“As someone who built a multistate company from the ground up with no outside investment, I know how challenging it has been to operate while legitimacy was questioned. This shift brings recognition, stability, and the chance to expand research into cannabis’s full medical potential. For me, this moment is both validation and motivation, and I am energized for what it means for the future of cannabis as medicine.” –Cristy Aranguiz<br />
Elad Kohen, CEO<br />
The Flowery<br />
“It’s encouraging to see this administration finally take action on an issue that has been long overdue. With more than 50 million Americans consuming cannabis each year, and the absolute great majority supporting medical research and uses, this decision simply reflects reality. Rescheduling cannabis is a bold, necessary step toward aligning policy with public opinion and recognizing the legitimacy of a thriving, above-board industry that benefits millions across the country. This move paves the way for greater transparency, economic growth, and opportunity, positioning the U.S. as a true global leader in cannabis.” –Elad Kohen<br />
Nevil Patel, Founder and CEO<br />
Shangri-La Dispensaries<br />
"We're encouraged by the president's executive order expediting the reclassification of cannabis. States and customers know the value of safe, convenient, and affordable cannabis products. Reclassification will increase access and affordability for all." –Nevil Patel<br />
Andrew Berman, CEO<br />
Arcana Collective<br />
“As a collective of legacy breeders, we have known from decades of experience with the plant, not policy memos, that cannabis has real health benefits and never belonged as a Schedule I substance in the first place. While federal legalization remains the long-term goal, rescheduling represents a meaningful step forward and has the potential to ease some of the structural challenges that have held the industry back, including relief from 280E. It may also encourage greater access to banking and invigorate renewed interest for investment across the sector.<br />
“At the same time, rescheduling still leaves important questions unanswered. It could encourage larger pharmaceutical or tobacco interests to enter the space, and it remains to be seen how that will impact legacy operators and the culture that built this industry. Net/net, this is not the finish line, but it is real progress. We are encouraged by the momentum and hope that this step helps move the industry toward a future that still makes room for the people who have always believed in this plant.” –Andrew Berman<br />
Saphira Galoob, CEO<br />
US Cannabis Roundtable<br />
“President Trump first endorsed reclassifying cannabis in September of 2024, citing a desire for more research to unlock medical uses of cannabis. Now he is delivering. The shift underway is smart policy, backed by science, and overwhelmingly popular.” –Saphira Galoob<br />
Adam J. Smith, Executive Director<br />
Marijuana Policy Project (MPP)<br />
"While MPP welcomes the president’s proposal to move cannabis from Schedule I to Schedule III, neither the plant itself nor its naturally occurring component cannabinoids belong on the schedule at all.<br />
"We hope this move to Schedule III truly does open up medical research, that it inspires states to guarantee access to safe, regulated cannabinoids for patients who desperately need them, and that the regulated industry might finally be treated more fairly under the federal tax code. But a move to Schedule III does nothing to end hundreds of thousands of possession arrests each year, nor does it do anything to fix the untenable, ongoing disconnect between federal prohibition and the regulated state markets under which more than half of American adults live.<br />
"We are pleased that the president is taking this important step, but it is only a step. It is long past time to deschedule cannabis entirely and end nearly a century of failed prohibition.” –Adam J. Smith<br />
Adam Goers, Chair<br />
Coalition for Cannabis Scheduling Reform<br />
“The Coalition for Cannabis Scheduling Reform applauds President Trump’s historic decision to recognize cannabis as medicine and move it down to Schedule III. For over 50 years, cannabis has been misclassified as a dangerous Schedule I controlled substance. This policy, once a centerpiece of our nation’s failed drug war, is finally coming to an end.<br />
“President Trump’s decision to reclassify cannabis is based upon a foundation of unassailable scientific evidence. Cannabis has low abuse potential and proven medical use. Rescheduling will help bring federal policy into alignment with this reality.<br />
“Rescheduling will provide a wide range of benefits, including facilitating medical research, signaling to the criminal justice system that cannabis is a low priority, and providing tax relief to struggling small business owners. It will also help usher in a new era of reform. We look forward to working with the Trump administration and Congress to move these efforts forward.” -Adam Goers<br />
Michelle Rutter Friberg, Director of Government Relations<br />
National Cannabis Industry Association<br />
“The National Cannabis Industry Association (NCIA) welcomes President Trump’s decision to reclassify cannabis as a Schedule III substance. Medical professionals, patients, and millions of Americans have long understood that cannabis has accepted medical use and does not belong in the same category as the most dangerous controlled substances. By taking this step, the administration is recognizing the realities of today’s regulated markets and the work states have done to responsibly oversee them.<br />
“NCIA was honored to participate in the Drug Enforcement Administration’s public hearings on rescheduling earlier this year, where we emphasized the importance of supporting state-licensed cannabis programs and the small businesses that form the backbone of this industry, which employs hundreds of thousands of workers and contributes billions of dollars to the economy. Moving cannabis to Schedule III will finally lift the crushing burden of §280E, allowing operators to reinvest in their employees, strengthen compliance, and allow them to continue delivering safe, regulated products to consumers. This change acknowledges something that researchers, advocates, and patients have known for years: that the cannabis plant has medicinal value.<br />
“This is meaningful progress, but it cannot be the final word. NCIA urges lawmakers to build on today’s decision by establishing a framework that respects states’ rights, supports responsible operators, and provides clear federal enforcement guidelines in order to provide certainty to the thousands of businesses operating openly and in compliance with state law. NCIA will continue working to ensure that this industry can thrive under policies that are fair, consistent, and reflective of modern realities.” -Michelle Rutter Friberg<br />
Paul Armentano, Deputy Director<br />
NORML<br />
"The administration's order calling to remove the cannabis plant from its Schedule I classification validates the experiences of tens of millions of Americans, as well as those of tens of thousands of physicians, who have long recognized that cannabis possesses legitimate medical utility. It wasn’t long ago that federal officials were threatening to seize doctors' medical licenses just for discussing medical cannabis with their patients. This directive certainly marks a long-overdue change in direction.<br />
"But while such a move potentially provides some benefits to patients, and veterans especially, it still falls well short of the changes necessary to bring federal marijuana policy into the 21st century. Specifically, rescheduling fails to harmonize federal marijuana policy with the cannabis laws of most states, particularly the 24 states that have legalized its use and sale to adults – thereby leaving those who produce, dispense, possess, or use marijuana in compliance with state laws in jeopardy of federal prosecution. In order to rectify this state/federal conflict, and in order to provide state governments with the explicit authority to establish their own cannabis regulatory policies – like they already possess with respect to alcohol – cannabis must be removed from the Controlled Substances Act altogether. Doing so would affirm America's longstanding principles of federalism and appeal to Americans' deep-rooted desires to be free from undue government intrusion into their daily lives.<br />
"Nevertheless, as a first step forward, this federal policy change dramatically shifts the political debate surrounding cannabis. Specifically, it delegitimizes many of the tropes historically exploited by opponents of marijuana policy reform. Claims that cannabis poses unique harms to health, or that it’s not useful for treating chronic pain and other ailments, have now been rejected by the very federal agencies that formerly perpetuated them. Going forward, these specious allegations should be absent from any serious conversations surrounding legalizing and regulating cannabis."<br />
"It is anticipated that reclassification will also provide tax fairness to state-licensed businesses – allowing them, for the first time, to take traditional tax deductions. This change levels the playing field and lowers these entities' costs of doing business. This change also likely benefits cannabis consumers by resulting in lower overall prices for state-licensed retail products, further incentivizing them to abandon the underground market." –Paul Armentano<br />
Tim Barash, Chairman and CEO/Co-Chair<br />
Dutchie/Coalition for Cannabis Scheduling Reform<br />
“Moving cannabis to Schedule III represents a fundamental shift in how the federal government and society at large view the plant, transforming the way the cannabis industry operates. This change will empower the 425,000 people working in the U.S. cannabis industry and bring in new talent, capital, and awareness to an industry that has a positive impact on millions of people's lives.<br />
“At Dutchie, we’ve worked tirelessly alongside our customers and partners toward this outcome for years, putting thousands of hours and millions of dollars towards cannabis policy reform as co-chairs of the Coalition for Cannabis Scheduling Reform. One of the most immediate impacts of rescheduling is the end of the 280E tax penalty, removing a long-standing barrier to growth. This change will also bring in large institutions and services across the business and banking world, allowing this major U.S. industry to have the same support as the rest of our economy. When federal policy catches up to reality, it changes how consumers, families, and patients think about cannabis. That matters just as much as the business impact.” –Tim Barash<br />
Riana Durrett, Director<br />
Cannabis Policy Institute at UNLV (University of Nevada, Las Vegas)<br />
“I appreciate seeing movement in the right direction for a substance that was overly criminalized in the United States and hope that with more research and policy discussions, the cannabis plant will continue to become more available as medicine and allowed for adult use, as appropriate.<br />
“It is difficult to gauge how much impact this will have on cannabis research as cannabis will still be scheduled and require federal agency approvals as well [as] DEA registration for research purposes, but it is a step in the right direction.<br />
“I don’t think there will be immediate changes in access to medical or adult-use cannabis. However, it is a significant change in the federal approach and mindset relating to cannabis. This change reflects America’s tendency to make incremental progress, but I hope it also reflects growth from the failed war on drugs, especially as it relates to cannabis.” –Riana Durrett<br />
Jason Ortiz, Director of Strategic Initiatives<br />
Last Prisoner Project<br />
“President Trump’s decision to reschedule cannabis is a historic step that reflects the will of the American people. However, moving cannabis to a lower schedule does nothing for the tens of thousands of Americans still locked behind bars for actions that are now legal in most of the country. Thankfully, President Trump has demonstrated he is willing to act boldly to correct outdated policies. By pairing rescheduling with clemency for people incarcerated for cannabis, he can cement his legacy as the leader who has done more for cannabis justice than any other president in American history.” –Jason Ortiz<br />
Milton Jones, President<br />
UFCW International<br />
“The administration’s plan to reclassify cannabis amounts to a tax giveaway for cannabis business owners without any protections for the workers who power this industry.<br />
“Similar to the Biden administration’s plan, this effort risks creating an industry that reinforces the inequities present throughout our economy. Hundreds of thousands of cannabis workers will still face the same challenges that they do now, including the lack of access to proper job training and health and safety protections.<br />
“Reclassifying cannabis from a Schedule I to Schedule III drug ignores the needs of workers and wastes the chance to finally deliver justice for the families impacted by the war on drugs. Cannabis must be federally decriminalized, with a regulatory framework to ensure that cannabis workers, from seed to sale, have the health, safety, and labor protections they deserve.” –Milton Jones<br />
Nicolas Guarino, Co-Founder and CEO/Co-Founder<br />
Jaunty/Empire Cannabis Manufacturers Alliance<br />
“Rescheduling is a critical step toward fully integrating cannabis into the mainstream economy – one that most Americans already recognize as legitimate. Section 280E of the IRS tax code has been one of the greatest burdens on operators across the supply chain, but rescheduling would allow cannabis businesses to be taxed like any other legal industry, freeing up billions of dollars that can be reinvested into operations, innovation, and long-term growth. It would also help level the playing field, finally giving responsible operators who have played by the rules a fair shot to compete and succeed.<br />
“However, the most immediate impact would be felt in medical markets. Adult-use markets in 24 states and D.C. would still face significant federal limitations that hinder the industry from reaching its full potential. We’re hopeful that this decision marks a progressive and landmark decision – one that sets a clear precedent and helps advance improved measures like SAFE Banking, increased access to logistic providers and to capital, and ultimately, federal legalization.” –Nicolas Guarino<br />
Alana Malone, Co-Founder and CEO<br />
Green Dot Labs<br />
“With President Trump’s decision to reschedule cannabis to Schedule III, the plant’s established medical benefits and lower risk profile are now formally recognized, aligning federal law with scientific evidence and the proven success of state markets that balance product safety and consumer protection through responsible regulations.<br />
“For legacy brands like Green Dot Labs, founded in Colorado – one of the nation’s first legal cannabis markets – this shift represents important progress after more than a decade navigating an uncertain federal landscape. It begins to address long-standing barriers such as limited access to banking and significant tax burdens, while opening the door to increased investment in research, innovation, and product development. We look forward to a federal framework that supports access to banking, sustainable industry growth, and patient and consumer access – while building on the progress made at the state level since the early 2000s.” –Alana Malone<br />
Thomas Winstanley, Executive VP and General Manager<br />
Edibles.com<br />
“We recognize the significance of today’s announcement on cannabis rescheduling and the meaningful role federal leadership has played in advancing safe and equitable access to THC products. From the 2018 Farm Bill to the latest reclassification effort, President Donald Trump’s actions have contributed to a more stable and transparent regulatory environment for the THC industry. This is a historic moment for our partners across regulated cannabis, and we are hopeful that a similar balanced approach will be applied to hemp to ensure consistency, consumer safety, and continued industry innovation. We look forward to further progress that supports responsible growth across the entire THC supply chain from farmers, to entrepreneurs, and to consumers.” –Thomas Winstanley<br />
Brian Vicente, Founding Partner<br />
Vicente LLP<br />
“This monumental change will have a massive, positive effect on thousands of state-legal cannabis businesses around the country. One dominating inequity cannabis businesses face is the inability to deduct regular business expenses, since they sell a Schedule I substance. Rescheduling releases cannabis businesses from the crippling tax burden they have been shackled with and allow these businesses to grow and prosper. We work with hundreds of licensed cannabis businesses, and the ability to deduct ordinary operating costs under the Schedule III proposal is a game-changer for them." –Brian Vicente<br />
Zachary Kobrin, Partner<br />
Saul Ewing<br />
“Rescheduling marijuana to Schedule III is the most consequential federal cannabis action in decades. It unlocks potential for legitimate scientific and medical research by signaling federal recognition of the medical value of marijuana. It dismantles Section 280E, significantly reducing tax burdens and allowing that capital to circulate in the marketplace. It sends a clear signal that the federal government recognizes the medical value of marijuana and CBD, and will hopefully lead to real advancements. Capital markets should immediately take notice, giving a boost to companies. It will potentially force state regulators to consider how state regulations fit into this new normal. While ultimately not the saving grace, rescheduling gives the industry oxygen to operate like a real business rather than a tolerated outlier.<br />
“As important as the benefits are, the unanswered questions are just as important. What does Schedule III mean without FDA-approved cannabis products? How will DEA enforcement evolve? Where do state adult-use markets fit inside a federally controlled framework? What happens to interstate commerce, physician prescribing, and existing convictions? Rescheduling answers the question of whether cannabis belongs in the shadows. It does not answer how the federal government plans to integrate a multibillion-dollar industry into a coherent regulatory system. That work now begins.” –Zachary Kobrin<br />
Josh Horn, Partner<br />
Fox Rothschild<br />
With President Trump’s executive order, it is now back on the DEA to effectuate rescheduling through issuing rules and ending the administrative hearing that is currently on hold regarding those rules. If this happens, it could rectify the criminal injustice that has been ongoing since the passage of the Controlled Substances Act, where people of color have been disproportionately impacted by the “war on drugs.”  At the same time, rescheduling is a game-changer for state-legal cannabis businesses. For one, more states may adopt cannabis reform for medical and adult use purposes. The burdens that Internal Revenue Code Section 280E could go by the wayside, and more traditional banking options may open for the industry. In the end, rescheduling should reinvigorate these businesses out of their current tax and financial struggles. –Josh Horn<br />
Paula Savchenko, Founding Partner<br />
Cannacore Group and PS Law Group<br />
“President Trump’s decision to reschedule marijuana to Schedule III reflects a long-overdue acknowledgment of reality: Cannabis has recognized medicinal value, is used responsibly by millions of Americans, and should be governed by science, not stigma.<br />
“For decades, federal cannabis policy has been untethered from medical evidence and economic common sense. Schedule III status aligns federal law more closely with how cannabis is actually used in medical practice, research, and regulated markets across the country. This shift opens the door to expanded clinical research, clearer regulatory pathways, and a more rational national framework.<br />
“Rescheduling marijuana to Schedule III is not just a cannabis policy shift; it is a pivotal moment for the hemp industry. For years, hemp operators have functioned in a fragmented and often contradictory regulatory environment, despite Congress’ clear intent in the 2018 Farm Bill to legalize hemp and its derivatives. Marijuana rescheduling has the potential to bring long-needed clarity, stability, and legitimacy to the broader cannabinoid marketplace, if implemented correctly.<br />
“When federal policy begins to acknowledge that cannabis has medicinal value and can be regulated responsibly, it strengthens the argument that hemp-derived cannabinoids should be governed by science, manufacturing standards, and consumer safety, not arbitrary enforcement or shifting interpretations.” –Paula Savchenko<br />
Eric Walter, Partner and Cannabis Law Practice Leader<br />
Armstrong Teasdale<br />
“Today’s executive order directing federal agencies to complete the process of rescheduling marijuana from Schedule I to Schedule III was long overdue. Marijuana never belonged on Schedule I, which is reserved for substances with no medical use. The federal government never showed that marijuana had no medical use, and in 1998, it filed a patent application that argued marijuana had multiple medical uses. That patent was approved in 2003, but until the past two administrations, there was not sufficient political will to align marijuana’s scheduling with the position taken in that patent application. Once rescheduling is implemented, state-authorized and regulated marijuana companies will finally be able to take the normal deductions available to every other business. Rescheduling also opens the door to new research opportunities and hopefully inspires other sensible federal policy changes for the industry on matters such as banking and credit card transactions.” –Eric Walter<br />
Nick Richards, Co-Chair of the Cannabis Practice<br />
Greenspoon Marder<br />
"With the move to Schedule III, cannabis companies should be able to claim the same deductions as ordinary businesses. But there was a strong emphasis that they are not making marijuana legal, and that might be used by the IRS to continue denying deductions for the current industry. Generally, tax changes are not retroactive, and we will have to see whether the effective date is immediately or upon ultimate rescheduling.<br />
"It is important to note that the industry has been fighting 280E for some time, and there are large reserves, UTP Disclosures, IRS debt, basis issues, and potential capital assets tied up in that fight. The good news is that IRS Offers in Compromise should be available – but probably not bankruptcy. Greenspoon Marder has secured numerous collection alternatives for cannabis companies and will be reviewing them with its clients according to the new developments.<br />
"It will be fascinating to see how the licensed industry evolves. Currently, it is not Schedule III compliant and almost certainly unable to traffic in interstate commerce. But Rite Aid is. Will consumers visit their local pharmacy for California Sun Grown OG? Will the current industry evolve into Schedule III providers? Obviously, there is a lot of work to be done – states need to update their regulations, the federal government needs to resolve massive tax liabilities and remaining uncertainties around Section 280E, and the cannabis industry needs to become Schedule III compliant. It will take some time." -Nick Richards<br />
Jon Robbins, Chair of Cannabis Practice<br />
Akerman LLP<br />
"The move to reschedule cannabis to Schedule III is a significant and long-overdue acknowledgement that marijuana has accepted medical value in the United States, and it holds the potential to meaningfully reshape the industry. Relief from the harsh limitations of IRS Code Section 280E alone would dramatically improve the financial health of state-legal operators, while rescheduling should also ease longstanding barriers to traditional banking, investment, and much-needed large-scale scientific research. At the same time, we should be honest about the many complexities and unknowns that remain. Questions around how cannabis-derived medicines will be regulated, whether products must be dispensed through pharmacies, the FDA approval process, and whether interstate commerce will truly open are far from settled and will require thoughtful, coordinated policymaking.<br />
"Although this does not 'legalize' marijuana outright, it does signal a more rational federal posture, recognizing medical legitimacy while hopefully keeping adult-use enforcement as a low priority. Much will depend on how quickly the federal rulemaking process unfolds, and while motivated leadership could finalize rescheduling in a matter of months, legal and political challenges are likely. Still, if properly implemented, this shift could accelerate cannabis research, attract greater investment, and pave the way for responsible pharmaceutical development, while offering long-awaited regulatory clarity to both established operators and new market entrants. With consumer demand strong and public support for medical marijuana overwhelming, a well-designed Schedule III framework has the potential to unlock innovation, stabilize businesses, and help the U.S. cannabis market expand significantly in the years ahead." -Jon Robbins<br />
Marc Beginin, Founder and CEO<br />
Prodigy Processing Solutions<br />
“Rescheduling cannabis to Schedule III is a long-overdue step toward aligning this industry with science, public demand, and common sense. It removes barriers that have slowed investment and innovation, opening the doors to comprehensive research into the plant’s therapeutic potential, more equitable tax treatment for operators, and meaningful engagement from the pharmaceutical and life sciences communities. Most importantly, consumers stand to benefit from safer, more consistent products built on enforceable GMP standards.<br />
“At Prodigy, we’ve spent years engineering systems that meet FDA and EU GMP benchmarks so operators are prepared not only for federal oversight, but for the global pharmaceutical opportunities that will shape the next decade of cannabis.” –Marc Beginin<br />
Craig Henderson, CEO and Founder<br />
Extract Labs<br />
“Reclassification signals that the federal government is finally acknowledging reality, which could unlock more research, ease some financial constraints, and bring greater legitimacy to the industry. Many in the industry see it as a meaningful step forward, regardless of politics. However, it doesn’t automatically fix banking access, interstate commerce, or state-by-state inconsistencies. There’s also a chance that new regulations could favor larger players and make compliance more difficult for small, responsible businesses if not implemented thoughtfully.” –Craig Henderson<br />
Bryan Gerber, Co-Founder and CEO<br />
Hara Supply and Hara Brands<br />
"Rescheduling cannabis to Schedule III marks a long-overdue milestone and the beginning of a new chapter for our industry. By removing barriers that have long restricted access to capital, this change will reduce risk for banks and pave the way for meaningful institutional investment. Equally transformative, relief from the crushing 280E tax burden will provide operators the financial breathing room to expand, innovate, and better serve consumers. This is more than regulatory progress; it is a historic turning point that moves us closer to an equitable, sustainable, and thriving cannabis marketplace." –Bryan Gerber<br />
Kim Sanchez Rael, CEO and Co-Founder<br />
Azuca<br />
“Federal rescheduling would be a meaningful signal that U.S. cannabis policy is beginning to catch up with reality. But as with all policy moments in this industry, the signal alone is not the outcome. The details matter, and alignment matters even more.<br />
“If rescheduling is paired with clear, consistent guidance on hemp and cannabinoids, it could finally reduce years of regulatory ambiguity that have stalled innovation and forced responsible operators to navigate constant uncertainty. That kind of clarity creates a foundation for smarter regulation – one that distinguishes science-based products from bad actors and supports safe, compliant growth across cannabis and hemp alike.<br />
“What we cannot afford right now is fragmented advocacy layered on top of fragmented policy. When cannabis and hemp stakeholders push for separate outcomes, we turn policymakers into referees instead of partners. Industries don’t advance that way. They advance by aligning around shared priorities: safety, transparency, access, and a fair playing field in taxation and financial services.<br />
“For businesses, rescheduling alone doesn’t solve everything, but it does open the door to functional policy if we choose to walk through it together. For consumers, it’s an opportunity to move away from prohibition-era frameworks and toward regulation that prioritizes trust, consistency, and real-world use.<br />
“This moment reinforces what the industry has long known: We don’t need louder rhetoric – we need coordinated, practical solutions. The companies that will thrive next are those prepared to operate responsibly under clearer rules, while continuing to push for a regulatory system that reflects the reality of one plant, many use cases, and an evolving marketplace.<br />
“True reform doesn’t come from noise. It comes from alignment. And it will never be true reform until there is also justice for those wronged by prohibition and disparate enforcement.” –Kim Sanchez Rael<br />
Luc Mongeau, CEO<br />
Canopy Growth<br />
"Canopy Growth welcomes the decision to reclassify cannabis in the United States, which marks an important step toward modernizing federal cannabis policy and advancing the normalization of a regulated market.<br />
“Rescheduling supports a more rational, science-based framework that expands access to research, improves patient care, and strengthens the transition to regulated channels. Greater regulatory clarity also helps create a more sustainable operating environment for responsible businesses and long-term investment in the sector.<br />
“Canopy Growth is well-positioned in the U.S. through Canopy USA, with established operations and leading brands including Jetty, Wana, and Acreage, alongside Canopy Growth’s strategic stake in TerrAscend. Our U.S. strategy has been built to align with evolving regulation, and we view this milestone as supportive of long-term value creation and disciplined, responsible growth." –Luc Mongeau<br />
JP Doran, CEO<br />
Crucial Innovations Corp (CINV)<br />
“We applaud the U.S. government for undertaking the most significant reform in federal cannabis policy since the 1970s. While rescheduling stops short of full federal legalization, it meaningfully reduces research barriers, modernizes regulatory oversight, and formally acknowledges the medical value of cannabis within federal policy.<br />
“Because this development comes from the world’s largest pharmaceutical market, its impact extends far beyond U.S. borders. It is expected to catalyze international momentum, encouraging regulators in the U.K., EU, South Africa, and other emerging markets to revisit outdated frameworks, align with evolving scientific evidence, and create clearer pathways for medical cannabis innovation. Greater regulatory convergence will help unlock cross-border research, harmonize quality standards, and expand patient access globally. As global markets respond to this shift, rescheduling stands to accelerate the development, approval, and international distribution of next-generation cannabis-based medicines. We welcome reforms that advance transparency, safety, and patient access, and we look forward to contributing to a more connected, science-driven global cannabis ecosystem.” –JP Doran<br />
Cy Scott, Co-Founder and CEO<br />
Headset<br />
“Moving cannabis to Schedule III would have immediate, real-world consequences for operators, particularly at a moment when the industry is under historic financial pressure. Legal cannabis margins have been steadily compressed over the past several years, leaving retailers with far less room to absorb fixed costs and punitive taxation.<br />
“In that environment, 280E is not an abstract policy issue. It directly determines whether many otherwise healthy, well-run businesses can stay open. Because the tax effectively applies to gross profit rather than true operating income, a significant share of cannabis retailers today are operating at or near breakeven after federal taxes. Removing 280E would create an instant improvement in cash flow, allowing operators to stabilize their businesses rather than simply survive quarter to quarter.<br />
“From a data perspective, this is why rescheduling matters now. The industry does not need symbolism; it needs relief that reflects current market realities. Improved cash flow would translate into fewer store closures, more consistent staffing, better pricing discipline, and a more sustainable legal market overall.” –Cy Scott<br />
Christy Aranguiz, CEO and Co-Founder<br />
Minnesota Cannabis Services<br />
“Today’s decision is a monumental step forward for both businesses like mine and the patients who rely on it every day. For more than a decade, I’ve seen cannabis ease chronic pain, reduce anxiety, support recovery, and improve quality of life. Patients and doctors have long recognized these benefits, but federal policy has lagged behind. Rescheduling finally acknowledges what millions already know: Cannabis is a legitimate therapeutic tool.<br />
“As someone who built a multistate company from the ground up with no outside investment, I know how challenging it has been to operate while legitimacy was questioned. This shift brings recognition, stability, and the chance to expand research into cannabis’s full medical potential. For me, this moment is both validation and motivation, and I am energized for what it means for the future of cannabis as medicine.” –Cristy Aranguiz<br />
Marc Rodriguez, Co-Founder and CEO<br />
Green Leaf Business Solutions<br />
“Rescheduling cannabis marks a moment of normalization, not just a policy shift. As the industry becomes more institutionalized, expectations rise alongside opportunity, particularly around governance, transparency, and operational discipline. This change will reward operators that already function like legitimate businesses with scalable infrastructure and strong internal controls. At the same time, it introduces greater scrutiny that will expose structural weaknesses across the market. While challenges remain, this is a meaningful step toward treating cannabis as the regulated industry it has long been.” –Marc Rodriguez<br />
Adam Stettner, CEO<br />
FundCanna<br />
“Rescheduling cannabis to Schedule III will deliver immediate, measurable impacts. Most notably, it eliminates Section 280E from the federal tax equation for licensed operators – a change that, for many, is the difference between treading water and turning a profit. It also unlocks long-blocked research pathways, enabling rigorous clinical studies, standardized formulations, and a new era of product innovation. Additionally, it has catalyzed a broader shift across the industry, pushing cannabis businesses to adopt more institutional practices around banking, compliance, financial reporting, and governance.” –Adam Stettner<br />
Terry Mendez, CEO<br />
Safe Harbor Financial<br />
“President Trump’s rescheduling cannabis by executive order marks a significant shift in tone from Washington and a meaningful moment for an industry long stuck in legal limbo. Reclassifying cannabis as Schedule III would acknowledge its medical legitimacy and begin to correct a half-century of misguided federal policy. That said, rescheduling is not reform. The core challenges around cannabis banking, such as compliance burdens, cash dependency, and regulatory uncertainty, would remain unchanged. The industry would still fall under the Bank Secrecy Act, with all its reporting and monitoring obligations intact. This moment is likely to invite broader interest from financial institutions, but without structural reform or updated guidance, many will remain cautious. A true fix requires a coordinated federal framework that aligns financial policy with the realities of a &#36;38 billion state-legal industry. Any step forward is welcome, but incremental progress should not be mistaken for a comprehensive solution. The cannabis sector deserves financial clarity, not just legal signals.” –Terry Mendez<br />
Anthony Coniglio, CEO<br />
NewLake Capital<br />
“We welcome President Trump’s directive to the Department of Justice to finalize the rescheduling of cannabis from Schedule I to Schedule III. This represents a historic and long-overdue alignment of federal policy with scientific evidence, medical practice and the regulatory reality already functioning across most U.S. states. Now, follow-through is critical. We urge the DOJ and DEA to move swiftly to issue the final rule and complete the rescheduling process. Doing so would finally remove the punitive burden of Section 280E, allowing compliant, state-licensed operators to reinvest in growth, innovation and workforce development across the nearly half-million Americans employed in this industry.<br />
“This is not about legalization – it’s about legitimacy. Responsible operators have long followed strict state-level compliance frameworks that prioritize safety, transparency and consumer protection. Rescheduling would rightfully distinguish these businesses from illicit markets and allow federal enforcement to focus where it truly belongs: on criminal cartels, not compliant small businesses. This announcement is a milestone, not a finish line. Congress must build on this momentum by passing the bipartisan SAFER Banking Act and advancing STATES 2.0 to create a durable national framework that strengthens safety, access and accountability for all stakeholders.” –Anthony Coniglio<br />
Peter Sack, CEO/Co-CEO<br />
Chicago Atlantic BDC Inc./Chicago Atlantic Real Estate Finance Inc.<br />
“The rescheduling of cannabis products is a tremendous step forward for the regulated cannabis industry. Chicago Atlantic has invested more than &#36;2.5 billion in cannabis businesses across the country, supporting both emerging entrepreneurs and large multistate companies. The White House's executive order and the implementation of rescheduling helps industry operators, big and small, by lessening tax burdens, opening up channels for research, and furthering the normalization of a product that benefits millions across the country, not to mention the hundreds of thousands of individuals employed in this industry today. Chicago Atlantic looks forward to continuing to provide capital for dispensary operators and cultivators.” –Peter Sack<br />
Kyle Sherman, Founder and CEO<br />
Flowhub<br />
“Reclassifying cannabis to Schedule III is a meaningful win in the fight to end the failed war on drugs. This is a step in the right direction towards full destigmatization of cannabis and removes roadblocks for operators that have held the industry back from reaching its full potential.<br />
“One of the biggest barriers has been 280E, an outdated tax policy that’s crushed plant-touching companies for years. Now, businesses will finally have the opportunity to become profitable and reinvest capital into hiring and growth. With more cash on hand, fewer businesses will face insolvency. We’ll see a healthier cannabis economy and a resurgence of investment in the space. More traditional financial institutions will be willing to work with the industry, and more patients will have access to cannabis as medicine.” –Kyle Sherman<br />
Deborah Saneman, CEO<br />
Würk<br />
“The reclassification of cannabis is a major milestone for every operator in cannabis. We've all been working toward this moment, proving that this industry can operate professionally and safely, despite being held back by outdated federal policies.<br />
“What impresses me most is how our industry has kept pushing forward through every obstacle. Cannabis businesses have shown they can adapt, innovate, and deliver quality products, even when the deck was stacked against them.<br />
“Importantly, this shift also brings cannabis businesses closer to operating like companies in any other industry with greater access to liquidity and fairer financial treatment. That change will unlock opportunities that simply haven’t been available under current regulations.<br />
“At Würk, we've been honored to support so many of these companies with payroll and HR solutions that actually work for cannabis. We're here for the long haul as this industry continues to grow and gain the recognition it deserves.” –Deborah Saneman<br />
Socrates Rosenfeld, CEO and Co-Founder<br />
Jane Technologies<br />
“We welcome the decision to reschedule cannabis. This long-overdue step aligns regulation with science and public opinion, providing a necessary foundation for patient relief and compliant business growth. It also acknowledges the historical harm caused by outdated laws. We are hopeful this marks the beginning of real momentum toward the broader, systemic reform needed for a truly just and accessible industry – a commitment we will champion until achieved." –Socrates Rosenfeld<br />
Rodney Holcombe, Vice President of Public Policy<br />
LeafLink<br />
“The president’s announcement to move cannabis to Schedule III is an important step in the right direction. This change will help create tax parity between other industries and legal cannabis businesses, strengthening the foundation for long-term sustainability. It also reflects a meaningful shift in how cannabis reform is viewed – one that aligns with the views of a majority of Americans. LeafLink is committed to advocating for reforms that will foster a more healthy cannabis market.” –Rodney Holcombe<br />
Michael Johnson, CEO<br />
Metrc<br />
"Today’s decision to advance cannabis rescheduling represents one of the most consequential shifts in policy for legal cannabis in decades, removing some of the key roadblocks the industry has long faced. While this is not full federal legalization, this move makes meaningful progress towards standardizing the industry and setting the stage for much-needed policy frameworks. Next, as the industry grows and evolves in the coming years, ensuring the traceability and safety of cannabis products reaching shelves will be critically important.” –Michael Johnson<br />
Sasha Kalcheff-Korn, Executive Director<br />
Realm of Caring Foundation<br />
"For decades, cannabinoid therapies have existed in a regulatory gray area while millions of Americans rely on them to manage pain, sleep issues, anxiety, and inflammation. The Trump administration's decision to reschedule cannabis to Schedule III is an acknowledgement of the therapeutic potential of the plant that Realm of Caring and other organizations have worked so consistently to demonstrate. This move will open a door that has been closed for far too long by making it possible to pave a clear, science-driven regulatory pathway that enables more research and establishes federal standards for manufacturing, testing, labeling, and consumer safety; guardrails that have never existed but are desperately needed. Finally, this designation gets us closer to matching the reality of how people are using cannabis to improve their lives. Today represents a significant milestone for our industry and our organization's mission, and we look forward to continuing our role in connecting patients with guidance and clarity on the benefits of cannabinoid therapies." –Sasha Kalcheff-Korn<br />
Jasmine Johnson, CEO<br />
GŪD Essence<br />
“Federal rescheduling marks a long-overdue shift toward treating cannabis as the medical, economic, and community issue it truly is – not a criminal one. This change opens the door for real scientific research, fairer taxation, and more sustainable operations for licensed operators who have been building responsibly despite outdated federal barriers.<br />
“For patients, rescheduling means better access, more consistent standards, and products backed by research instead of stigma. For operators like us, it allows reinvestment into jobs, education, and community infrastructure rather than navigating a system designed to penalize compliance.<br />
“Rescheduling alone is not the finish line – but it is a critical foundation. The next step must be ensuring that small, minority-owned, and legacy-rooted businesses are not left behind as the industry evolves. If done thoughtfully, this moment can finally align public policy with public reality and create a cannabis industry that is safe, equitable, and economically sound.” –Jasmine Johnson<br />
Jenny Lamboy, VP of Strategy<br />
Hybrid Marketing Co.<br />
"Removing interstate commerce barriers might rebalance such inequities as we see with California, whose market is dying while the New York market thrives. Should cannabis receive FDA approval, rescheduling would introduce a fresh dynamic that would allow states like California to ship legally to New York – which currently takes huge receipt of illicit California product – and finally reap the benefits of the untaxed cannabis they’re already sending." –Jenny Lamboy<br />
Keith Chic, Co-Founder and CFO<br />
Sunderstorm<br />
“Moving cannabis from Schedule I to Schedule III is meaningful progress. It opens the door to expanded research, improved medical credibility, and relief from punitive tax burdens that have constrained legitimate operators. Most importantly, this shift may help steer new investors toward a capital-starved industry. That said, it’s not a cure-all – without a national framework for interstate commerce, operators will continue to face challenges generating sustainable profits. Schedule III is a step forward, but comprehensive federal reform remains essential.” –Keith Chic<br />
Evan Eneman, CEO<br />
Iconic Tonics<br />
“Rescheduling cannabis is progress, but it doesn’t go far enough. Like wheat or corn, the plant itself isn’t the problem – regulation should focus on finished products with sensible public health and safety safeguards. Until the plant is fully descheduled, consumers, patients, and small businesses will continue to face unnecessary obstacles and risk.” –Evan Eneman<br />
Everett Smith, CEO and Co-Founder<br />
Presidential<br />
“Rescheduling cannabis away from a Schedule I substance marks a pivotal step for both the industry and the people who have long dedicated their lives to the plant. This decision not only creates new opportunities for growth but also legitimacy across the space. At Presidential, we’re proud to be part of this moment and help shape the next chapter, and we remain committed to continuing to drive progress for the industry and our customers.” –Everett Smith<br />
Christian Killoran, Cannabis Legal Advocate<br />
Killoran Law<br />
“Marijuana reclassification strengthens state authority, reinforces preemption over local obstruction, and allows law enforcement to focus on fentanyl traffickers instead of compliant businesses. It makes clear that illicit drug networks, not regulated cannabis, are the real public enemy.” –Christian Killoran<br />
Marq Hayes (Michelin-Trained Chef), Owner and Founder<br />
Brown Budda New York<br />
“Cannabis enthusiasts demand trust, provenance, and intention. Reclassification allows the cannabis industry to mature into the same category as fine wine, spirits, and wellness experiences, where safety, craftsmanship, and accountability are non-negotiable. When regulated operators are allowed to operate at the highest standard, discerning consumers choose transparency, craftsmanship, and trust over uncertainty. That is how illicit markets lose relevance not through denial of demand, but by offering an experience that is unequivocally better.” –Marq Hayes<br />
Ryan Hunter, Chief Revenue Officer<br />
Spherex<br />
"Cannabis is still federally illegal – but even as a federally illegal substance, the move to Schedule III dramatically reduces the federal tax burden for operators. Under IRS code 280E, handling Schedule I or Schedule II substances eliminates the ability for operators to deduct standard operating expenses that most other businesses deduct from their federal taxes. As a result of 280E, cannabis operators’ effective tax rate may be as high as 80%. Beyond this significant improvement, the implications are unclear, but we’re hopeful that this move will allow for cannabis operators to garner the same investment opportunities other industries will enjoy." –Ryan Hunter]]></description>
			<content:encoded><![CDATA[Industry Stakeholders, Experts React to Trump’s Schedule III Cannabis Order<br />
Business executives, advocates, attorneys, politicians, and ancillary service providers overwhelmingly applaud the order as a first step, not an end destination.<br />
Tony Lange<br />
December 19, 2025<br />
<br />
President Donald Trump said it loud and clear during his executive order on Dec. 18 to reschedule cannabis: He’s never been inundated by “so many people” on a particular issue.<br />
The move directing U.S. Attorney General Pamela Bondi to reclassify cannabis from Schedule I to Schedule III is not a small detail lost on just about anyone connected to the industry. Loosening restrictions on the plant through lowering its potential for abuse and finally recognizing its medicinal value breaks ties with 55 years of precedence under the Controlled Substances Act.<br />
“We have people begging for me to do this,” Trump said during Thursday’s signing ceremony, mentioning veterans with service-related injuries and older Americans living with chronic medical problems that “severely degrade their quality of life.”<br />
According to the president, 82% of Americans support cannabis rescheduling.<br />
“I think I probably have received more phone calls on this, on doing what we’re doing,” he said. “I don't think I received any calls on the other side of it, but hopefully this reclassification … will help many of those patients live a far better life.”<br />
Trump emphasized that rescheduling is not legalization and that it’s “never safe to use powerful controlled substances in recreational manners,” calling attention to prescription painkillers that, while having “legitimate use,” can do irreversible damage and “wreck” lives if abused.<br />
At the same time, the president said that “facts” compel the federal government to recognize that cannabis has medical applications that can be substitutes for “addictive and potentially lethal opioid painkillers. They cause tremendous problems. [Cannabis] can do it in a much lesser way. It can make people feel much better that are living through tremendous pain and problems.”<br />
Trump said he promised to be a president of common sense and that rescheduling cannabis is a common-sense issue.<br />
“This is really something having to do with common sense, and it’s something having to do with the fact that so many people that I respect asked me to do,” he said. “I’ve never been inundated by so many people as I have about this particular reclassification.”<br />
Also in the executive order, Trump directed White House officials to work with Congress to update the statutory definition of final hemp-derived cannabinoid products to allow Americans to benefit from access to full-spectrum, nonintoxicating CBD products. This approach will be complemented by a Centers for Medicare and Medicaid Services (CMS) policy shift allowing doctors to recommend CBD products to older Americans, with Medicare covering up to &#36;500 annually for qualifying individuals as soon as April 2026.<br />
While the majority of cannabis industry stakeholders applaud the reform directives, many differ on their viewpoints on the potential impacts. Others used their platforms to promote full legalization by descheduling cannabis from the CSA altogether. <br />
Here are many of those takes:<br />
Michael Bronstein, President<br />
American Trade Association for Cannabis and Hemp (ATACH)<br />
“Today’s decision to move cannabis to Schedule III marks the most significant federal shift in cannabis policy in over 50 years. After decades of outdated policy, the federal government has finally acknowledged what we as a movement have said for a generation: that marijuana can be medicine. It opens doors to expanded medical research and helps reduce the stigma and provide for better patient outcomes. This change also brings long-overdue equal tax treatment by lifting draconian tax penalties on state-legal businesses, and allowing reinvestment in local jobs and communities. Today is a celebration, but our work is not done, and we will build on this momentum to establish a comprehensive regulatory framework to fully end prohibition in America.” –Michael Bronstein<br />
Kim Rivers, CEO<br />
Trulieve<br />
"This bold and historic direction from President Trump represents long overdue change and a major milestone in cannabis reform. Trulieve is grateful for the decisive action taken by the administration that acknowledges the medical benefits of cannabis, supports licensed and regulated operators, and allows law enforcement agencies to prosecute bad actors. We are committed to supporting the administration throughout this process." –Kim Rivers<br />
Howard Kessler, Founder<br />
The Commonwealth Project<br />
"President Trump’s executive order has unleashed a seismic shift in health care – one of the boldest breakthroughs in generations. While the rescheduling of cannabis will dominate the headlines, it's his revolutionary pilot Medicare program that brings immediate, life-altering relief and access to cannabinoid-based therapies for millions of seniors grappling with chronic pain and debilitating conditions. We've championed the profound medical benefits of CBT for our aging population, and today, the president has transformed that vision into action. Hats off to him for heeding the evidence, leading with compassion, and smashing barriers so seniors can access the care they deserve – now. For seniors, CBT is a game-changer offering safe, evidence-based options for chronic conditions that traditional meds often fail.” –Howard Kessler<br />
Kimberly Roy, Commissioner<br />
Massachusetts Cannabis Control Commission<br />
“President Trump’s executive order expediting rescheduling of cannabis marks a significant step forward for public health and patient care in the United States. By aligning federal policy more closely with the science, this action will help remove long-standing barriers to medical research and open the door to safer, more effective treatments for people living with chronic and debilitating conditions.<br />
“For veterans managing service-related injuries and trauma, and for older Americans coping with pain, cancer, and age-related illnesses, this change has the potential to expand access to evidence-based therapies while maintaining strong safeguards. It will also empower researchers and clinicians to better understand both the benefits and risks of cannabis, ultimately improving clinical guidance, product safety, and quality of life for patients across the country. My hope is that Massachusetts will be a global leader in this effort.” -Kimberly Roy<br />
Gibran Washington, CEO<br />
Ethos<br />
Rescheduling cannabis from Schedule I to Schedule III is a long-overdue acknowledgment of what patients, providers, and responsible operators have known for years: This plant has real therapeutic value, and the current federal posture has been holding progress back. Rescheduling won’t fix every challenge in front of us, but it finally moves us in the right direction, opening clearer pathways for research, easing unnecessary barriers for patients, and creating a more functional regulatory environment for operators who are doing this the right way. At Ethos, our commitment has always been to education, science, and access. This shift should be the beginning of broader reforms that address affordability, equity, and the stigma that still shadows this industry. If done thoughtfully, rescheduling can be a catalyst for a more transparent, patient-centered, and responsible cannabis ecosystem. –Gibran Washington<br />
Boris Jordan, Chairman and CEO<br />
Curaleaf<br />
“Thank you, President Trump, for moving forward with rescheduling cannabis to Schedule III. This action is a landmark moment for our industry and the country. President Trump’s action is the most impactful move taken around the cannabis plant since its prohibition 55 years ago. We applaud the Trump Administration for boldly acknowledging what science, patients, and the industry have known for years: Cannabis has real medical value and never belonged in Schedule I in the first place.<br />
“President Trump promised action, and he delivered. Rescheduling will expand research, ensure broad medical access, protect young people and patients from the illicit market, drive investment, and address outdated tax policies that punish legal operators. It’s a win for public health, the economy, and common sense.” –Boris Jordan<br />
George Archos, Founder and CEO<br />
Verano<br />
“Today's historic cannabis rescheduling announcement marks a significant milestone and transformative policy shift that paves the way for America’s next great homegrown industry to finally reach its full potential by serving patients, creating jobs, unlocking economic growth, and reversing decades of harmful prohibitionist policies.    <br />
“We’re grateful to President Trump for recognizing the overwhelming majority of Americans who support cannabis rescheduling, opening the door to federal reform, medical research, and normalization for an industry that employs hundreds of thousands of professionals and contributes billions of dollars in taxes and economic activity every year.   <br />
“We look forward to the new opportunities rescheduling will provide cannabis businesses of all sizes, including critical banking and regulatory reforms that will unlock additional health, wellness, and economic benefits for communities nationwide.” –George Archos<br />
Jon Levine, CEO<br />
MariMed<br />
“We commend President Trump and the Trump administration for reclassifying cannabis as a Schedule III drug. This is the single greatest cannabis reform in U.S. history and will have far-reaching benefits for years to come. Most important, the reclassification means the federal government officially acknowledges that cannabis has widely accepted medical uses and low abuse potential.<br />
“Rescheduling will accelerate accredited medical research into medications derived from cannabis and should result in a significant increase of consumers who will embrace cannabis as a qualified alternative to opioids for chronic pain, sleep, anxiety and other ailments.<br />
“Additionally, state-legal cannabis businesses will no longer be subject to the IRS Section 280E tax penalty. Compliant operators like MariMed will finally be taxed like other consumer packaged goods sectors, materially improving profitability and free cash flow.” –Jon Levine<br />
Charlie Bachtell, CEO/Chair<br />
Cresco Labs/US Cannabis Roundtable<br />
“The US Cannabis Roundtable commends President Trump and the Trump administration for moving to reclassify cannabis as a Schedule III drug. Once completed, this shift will mark a dramatic break with the failed policies of the past. Cannabis has widely accepted medical uses and low abuse potential. It never belonged at Schedule I. After more than five decades, this untenable status quo is finally coming to an end.” –Charlie Bachtell<br />
Ben Kovler, CEO<br />
Green Thumb Industries<br />
“Rescheduling cannabis to Schedule III is long overdue and an important acknowledgment of the science-backed medical benefits recognized by patients for decades. Across the United States, millions of registered patients rely on cannabis for relief from a wide range of chronic conditions and debilitating symptoms. <br />
“We commend the administration for taking this historic step, while recognizing it is only the beginning. True federal reform is still needed to allow the cannabis industry to reach its full potential and meet growing demand nationwide. At Green Thumb, we remain committed to advocating for lasting change that will expand access and deliver well-being to even more Americans.” –Ben Kovler<br />
Scott Davido, CEO<br />
Ayr Wellness<br />
“Ayr Wellness applauds the historic executive order from President Trump to reclassify cannabis from Schedule I to Schedule III. This marks a major step towards unlocking further research into the medical efficacy of cannabis and allowing fair tax treatment for the cannabis industry. Our industry is one of the fastest-growing sectors of the U.S. economy, employing more than 400,000 Americans. Alongside our peers, we continue to advocate for further cannabis reform federally and at the state level, which we believe will be spurred by today’s historic decision.” –Scott Davido<br />
Sam Brill, CEO and Director<br />
Ascend Wellness Holdings<br />
“The move to reschedule cannabis from Schedule I to Schedule III marks a critical advancement for society, public safety, and access for patients across the United States. Recognizing the medicinal benefits of cannabis paves the way for expanded research, informed policymaking, and more consistent access to safe, regulated products for those who need them most.<br />
“We commend the Trump administration for taking this long-overdue, common-sense, and data-driven step forward. We are optimistic that continued progress will support a transparent and regulated framework that protects individual liberties, enhances public health, fosters a well-regulated market, and drives domestic employment and economic growth.” –Sam Brill<br />
Jason Wild, Executive Chairman<br />
TerrAscend<br />
“President Trump's move to reschedule cannabis is a game-changer. For TerrAscend, it means clarity on 280E, lower cost of capital, and the ability to compete on a level playing field. With predictable cash flow, we can expand more aggressively and drive long-term shareholder value.” –Jason Wild<br />
Brooks Jorgensen, President<br />
Canopy USA<br />
“Today’s decision to reclassify cannabis marks a significant step forward in modernizing U.S. federal cannabis policy and advancing a regulated, responsible market. Rescheduling provides greater regulatory clarity for operators and helps unlock a more sustainable business environment, supporting access to research, improving patient care, and expanding safe, regulated options for consumers. It also represents meaningful progress toward aligning federal policy with state-regulated markets that are already serving millions of Americans. Canopy USA is well-positioned for this next phase, with established operations and leading brands including Jetty, Wana, and Acreage. We’ve built our platform with a focus on compliance and quality, and we believe continued policy progress strengthens the foundation for long-term value creation across the U.S. cannabis sector.” –Brooks Jorgensen<br />
Jeff Merkley, Democratic U.S. Senator<br />
Oregon<br />
“Cannabis rescheduling is a step in the right direction, allowing medical research and legal cannabis businesses to be appropriately taxed on their net profits. But this change from Schedule I to Schedule III still leaves these cannabis businesses in violation of criminal law because the production and use of cannabis for nonmedical purposes remain a federal crime. As such, these legal businesses are still prevented from accessing the banking system.<br />
“That remains a huge problem, encouraging all sorts of criminal activities, including robberies of cannabis businesses operating in all cash, false accounting, money laundering, and organized crime. That’s why we still need to pass the bipartisan SAFER Banking Act, which, during his campaign, President Trump urged Congress to send to his desk.<br />
“I will continue to push for fully descheduled cannabis – which is essential to addressing the harms perpetuated by the war on drugs and the criminalization of cannabis on communities of color – and work with both Republicans and Democrats to advance common-sense cannabis reforms for banking services and medical treatment.” –Jeff Merkley<br />
Wendy Bronfein, Co-Founder, Chief Brand Officer, and Director of Public Policy<br />
Curio Wellness<br />
“After years of empty promises and political posturing around cannabis reform, today’s announcement from President Trump marks a real turning point.<br />
“This decision recognizes what patients, veterans, seniors, and families across the country already know: Responsible cannabis policy can help reduce reliance on opioids, give people safer options to manage pain, and improve health outcomes and quality of life. It also ensures that legal, regulated businesses are treated fairly under federal law.<br />
“What makes today especially meaningful is that it’s informed by years of rigorous work from leading experts in medicine, pharmacology, and public health – including members of Curio’s scientific board, who have contributed trusted, evidence-based insight from both the U.S. and abroad. Their research and engagement helped ensure policymakers were equipped with credible data, not ideology.<br />
“We’re grateful to President Trump for following the facts, putting consumers first, and taking decisive action to modernize cannabis policy in a way that is practical, compassionate, and long overdue.” -Wendy Bronfein<br />
Omar Delgado, VP of Retail<br />
Ivy Hall<br />
“The reclassification of cannabis is a long-overdue step in the right direction. For years, our industry has navigated unnecessary obstacles due to outdated federal policies that perpetuated stigma and slowed progress.<br />
“Any move away from Schedule I isn’t just progress for cannabis businesses; it’s progress for justice and freedom. At Ivy Hall, we’re excited to be part of this shift toward treating cannabis with the respect it deserves. We remain committed to building a future where this plant brings healing and opportunity.” –Omar Delgado<br />
Cristy Aranguiz, CEO and Co-Founder<br />
Cannabis and Glass<br />
“Today’s decision is a monumental step forward for both businesses like mine and the patients who rely on it every day. For more than a decade, I’ve seen cannabis ease chronic pain, reduce anxiety, support recovery, and improve quality of life. Patients and doctors have long recognized these benefits, but federal policy has lagged behind. Rescheduling finally acknowledges what millions already know: cannabis is a legitimate therapeutic tool.<br />
“As someone who built a multistate company from the ground up with no outside investment, I know how challenging it has been to operate while legitimacy was questioned. This shift brings recognition, stability, and the chance to expand research into cannabis’s full medical potential. For me, this moment is both validation and motivation, and I am energized for what it means for the future of cannabis as medicine.” –Cristy Aranguiz<br />
Elad Kohen, CEO<br />
The Flowery<br />
“It’s encouraging to see this administration finally take action on an issue that has been long overdue. With more than 50 million Americans consuming cannabis each year, and the absolute great majority supporting medical research and uses, this decision simply reflects reality. Rescheduling cannabis is a bold, necessary step toward aligning policy with public opinion and recognizing the legitimacy of a thriving, above-board industry that benefits millions across the country. This move paves the way for greater transparency, economic growth, and opportunity, positioning the U.S. as a true global leader in cannabis.” –Elad Kohen<br />
Nevil Patel, Founder and CEO<br />
Shangri-La Dispensaries<br />
"We're encouraged by the president's executive order expediting the reclassification of cannabis. States and customers know the value of safe, convenient, and affordable cannabis products. Reclassification will increase access and affordability for all." –Nevil Patel<br />
Andrew Berman, CEO<br />
Arcana Collective<br />
“As a collective of legacy breeders, we have known from decades of experience with the plant, not policy memos, that cannabis has real health benefits and never belonged as a Schedule I substance in the first place. While federal legalization remains the long-term goal, rescheduling represents a meaningful step forward and has the potential to ease some of the structural challenges that have held the industry back, including relief from 280E. It may also encourage greater access to banking and invigorate renewed interest for investment across the sector.<br />
“At the same time, rescheduling still leaves important questions unanswered. It could encourage larger pharmaceutical or tobacco interests to enter the space, and it remains to be seen how that will impact legacy operators and the culture that built this industry. Net/net, this is not the finish line, but it is real progress. We are encouraged by the momentum and hope that this step helps move the industry toward a future that still makes room for the people who have always believed in this plant.” –Andrew Berman<br />
Saphira Galoob, CEO<br />
US Cannabis Roundtable<br />
“President Trump first endorsed reclassifying cannabis in September of 2024, citing a desire for more research to unlock medical uses of cannabis. Now he is delivering. The shift underway is smart policy, backed by science, and overwhelmingly popular.” –Saphira Galoob<br />
Adam J. Smith, Executive Director<br />
Marijuana Policy Project (MPP)<br />
"While MPP welcomes the president’s proposal to move cannabis from Schedule I to Schedule III, neither the plant itself nor its naturally occurring component cannabinoids belong on the schedule at all.<br />
"We hope this move to Schedule III truly does open up medical research, that it inspires states to guarantee access to safe, regulated cannabinoids for patients who desperately need them, and that the regulated industry might finally be treated more fairly under the federal tax code. But a move to Schedule III does nothing to end hundreds of thousands of possession arrests each year, nor does it do anything to fix the untenable, ongoing disconnect between federal prohibition and the regulated state markets under which more than half of American adults live.<br />
"We are pleased that the president is taking this important step, but it is only a step. It is long past time to deschedule cannabis entirely and end nearly a century of failed prohibition.” –Adam J. Smith<br />
Adam Goers, Chair<br />
Coalition for Cannabis Scheduling Reform<br />
“The Coalition for Cannabis Scheduling Reform applauds President Trump’s historic decision to recognize cannabis as medicine and move it down to Schedule III. For over 50 years, cannabis has been misclassified as a dangerous Schedule I controlled substance. This policy, once a centerpiece of our nation’s failed drug war, is finally coming to an end.<br />
“President Trump’s decision to reclassify cannabis is based upon a foundation of unassailable scientific evidence. Cannabis has low abuse potential and proven medical use. Rescheduling will help bring federal policy into alignment with this reality.<br />
“Rescheduling will provide a wide range of benefits, including facilitating medical research, signaling to the criminal justice system that cannabis is a low priority, and providing tax relief to struggling small business owners. It will also help usher in a new era of reform. We look forward to working with the Trump administration and Congress to move these efforts forward.” -Adam Goers<br />
Michelle Rutter Friberg, Director of Government Relations<br />
National Cannabis Industry Association<br />
“The National Cannabis Industry Association (NCIA) welcomes President Trump’s decision to reclassify cannabis as a Schedule III substance. Medical professionals, patients, and millions of Americans have long understood that cannabis has accepted medical use and does not belong in the same category as the most dangerous controlled substances. By taking this step, the administration is recognizing the realities of today’s regulated markets and the work states have done to responsibly oversee them.<br />
“NCIA was honored to participate in the Drug Enforcement Administration’s public hearings on rescheduling earlier this year, where we emphasized the importance of supporting state-licensed cannabis programs and the small businesses that form the backbone of this industry, which employs hundreds of thousands of workers and contributes billions of dollars to the economy. Moving cannabis to Schedule III will finally lift the crushing burden of §280E, allowing operators to reinvest in their employees, strengthen compliance, and allow them to continue delivering safe, regulated products to consumers. This change acknowledges something that researchers, advocates, and patients have known for years: that the cannabis plant has medicinal value.<br />
“This is meaningful progress, but it cannot be the final word. NCIA urges lawmakers to build on today’s decision by establishing a framework that respects states’ rights, supports responsible operators, and provides clear federal enforcement guidelines in order to provide certainty to the thousands of businesses operating openly and in compliance with state law. NCIA will continue working to ensure that this industry can thrive under policies that are fair, consistent, and reflective of modern realities.” -Michelle Rutter Friberg<br />
Paul Armentano, Deputy Director<br />
NORML<br />
"The administration's order calling to remove the cannabis plant from its Schedule I classification validates the experiences of tens of millions of Americans, as well as those of tens of thousands of physicians, who have long recognized that cannabis possesses legitimate medical utility. It wasn’t long ago that federal officials were threatening to seize doctors' medical licenses just for discussing medical cannabis with their patients. This directive certainly marks a long-overdue change in direction.<br />
"But while such a move potentially provides some benefits to patients, and veterans especially, it still falls well short of the changes necessary to bring federal marijuana policy into the 21st century. Specifically, rescheduling fails to harmonize federal marijuana policy with the cannabis laws of most states, particularly the 24 states that have legalized its use and sale to adults – thereby leaving those who produce, dispense, possess, or use marijuana in compliance with state laws in jeopardy of federal prosecution. In order to rectify this state/federal conflict, and in order to provide state governments with the explicit authority to establish their own cannabis regulatory policies – like they already possess with respect to alcohol – cannabis must be removed from the Controlled Substances Act altogether. Doing so would affirm America's longstanding principles of federalism and appeal to Americans' deep-rooted desires to be free from undue government intrusion into their daily lives.<br />
"Nevertheless, as a first step forward, this federal policy change dramatically shifts the political debate surrounding cannabis. Specifically, it delegitimizes many of the tropes historically exploited by opponents of marijuana policy reform. Claims that cannabis poses unique harms to health, or that it’s not useful for treating chronic pain and other ailments, have now been rejected by the very federal agencies that formerly perpetuated them. Going forward, these specious allegations should be absent from any serious conversations surrounding legalizing and regulating cannabis."<br />
"It is anticipated that reclassification will also provide tax fairness to state-licensed businesses – allowing them, for the first time, to take traditional tax deductions. This change levels the playing field and lowers these entities' costs of doing business. This change also likely benefits cannabis consumers by resulting in lower overall prices for state-licensed retail products, further incentivizing them to abandon the underground market." –Paul Armentano<br />
Tim Barash, Chairman and CEO/Co-Chair<br />
Dutchie/Coalition for Cannabis Scheduling Reform<br />
“Moving cannabis to Schedule III represents a fundamental shift in how the federal government and society at large view the plant, transforming the way the cannabis industry operates. This change will empower the 425,000 people working in the U.S. cannabis industry and bring in new talent, capital, and awareness to an industry that has a positive impact on millions of people's lives.<br />
“At Dutchie, we’ve worked tirelessly alongside our customers and partners toward this outcome for years, putting thousands of hours and millions of dollars towards cannabis policy reform as co-chairs of the Coalition for Cannabis Scheduling Reform. One of the most immediate impacts of rescheduling is the end of the 280E tax penalty, removing a long-standing barrier to growth. This change will also bring in large institutions and services across the business and banking world, allowing this major U.S. industry to have the same support as the rest of our economy. When federal policy catches up to reality, it changes how consumers, families, and patients think about cannabis. That matters just as much as the business impact.” –Tim Barash<br />
Riana Durrett, Director<br />
Cannabis Policy Institute at UNLV (University of Nevada, Las Vegas)<br />
“I appreciate seeing movement in the right direction for a substance that was overly criminalized in the United States and hope that with more research and policy discussions, the cannabis plant will continue to become more available as medicine and allowed for adult use, as appropriate.<br />
“It is difficult to gauge how much impact this will have on cannabis research as cannabis will still be scheduled and require federal agency approvals as well [as] DEA registration for research purposes, but it is a step in the right direction.<br />
“I don’t think there will be immediate changes in access to medical or adult-use cannabis. However, it is a significant change in the federal approach and mindset relating to cannabis. This change reflects America’s tendency to make incremental progress, but I hope it also reflects growth from the failed war on drugs, especially as it relates to cannabis.” –Riana Durrett<br />
Jason Ortiz, Director of Strategic Initiatives<br />
Last Prisoner Project<br />
“President Trump’s decision to reschedule cannabis is a historic step that reflects the will of the American people. However, moving cannabis to a lower schedule does nothing for the tens of thousands of Americans still locked behind bars for actions that are now legal in most of the country. Thankfully, President Trump has demonstrated he is willing to act boldly to correct outdated policies. By pairing rescheduling with clemency for people incarcerated for cannabis, he can cement his legacy as the leader who has done more for cannabis justice than any other president in American history.” –Jason Ortiz<br />
Milton Jones, President<br />
UFCW International<br />
“The administration’s plan to reclassify cannabis amounts to a tax giveaway for cannabis business owners without any protections for the workers who power this industry.<br />
“Similar to the Biden administration’s plan, this effort risks creating an industry that reinforces the inequities present throughout our economy. Hundreds of thousands of cannabis workers will still face the same challenges that they do now, including the lack of access to proper job training and health and safety protections.<br />
“Reclassifying cannabis from a Schedule I to Schedule III drug ignores the needs of workers and wastes the chance to finally deliver justice for the families impacted by the war on drugs. Cannabis must be federally decriminalized, with a regulatory framework to ensure that cannabis workers, from seed to sale, have the health, safety, and labor protections they deserve.” –Milton Jones<br />
Nicolas Guarino, Co-Founder and CEO/Co-Founder<br />
Jaunty/Empire Cannabis Manufacturers Alliance<br />
“Rescheduling is a critical step toward fully integrating cannabis into the mainstream economy – one that most Americans already recognize as legitimate. Section 280E of the IRS tax code has been one of the greatest burdens on operators across the supply chain, but rescheduling would allow cannabis businesses to be taxed like any other legal industry, freeing up billions of dollars that can be reinvested into operations, innovation, and long-term growth. It would also help level the playing field, finally giving responsible operators who have played by the rules a fair shot to compete and succeed.<br />
“However, the most immediate impact would be felt in medical markets. Adult-use markets in 24 states and D.C. would still face significant federal limitations that hinder the industry from reaching its full potential. We’re hopeful that this decision marks a progressive and landmark decision – one that sets a clear precedent and helps advance improved measures like SAFE Banking, increased access to logistic providers and to capital, and ultimately, federal legalization.” –Nicolas Guarino<br />
Alana Malone, Co-Founder and CEO<br />
Green Dot Labs<br />
“With President Trump’s decision to reschedule cannabis to Schedule III, the plant’s established medical benefits and lower risk profile are now formally recognized, aligning federal law with scientific evidence and the proven success of state markets that balance product safety and consumer protection through responsible regulations.<br />
“For legacy brands like Green Dot Labs, founded in Colorado – one of the nation’s first legal cannabis markets – this shift represents important progress after more than a decade navigating an uncertain federal landscape. It begins to address long-standing barriers such as limited access to banking and significant tax burdens, while opening the door to increased investment in research, innovation, and product development. We look forward to a federal framework that supports access to banking, sustainable industry growth, and patient and consumer access – while building on the progress made at the state level since the early 2000s.” –Alana Malone<br />
Thomas Winstanley, Executive VP and General Manager<br />
Edibles.com<br />
“We recognize the significance of today’s announcement on cannabis rescheduling and the meaningful role federal leadership has played in advancing safe and equitable access to THC products. From the 2018 Farm Bill to the latest reclassification effort, President Donald Trump’s actions have contributed to a more stable and transparent regulatory environment for the THC industry. This is a historic moment for our partners across regulated cannabis, and we are hopeful that a similar balanced approach will be applied to hemp to ensure consistency, consumer safety, and continued industry innovation. We look forward to further progress that supports responsible growth across the entire THC supply chain from farmers, to entrepreneurs, and to consumers.” –Thomas Winstanley<br />
Brian Vicente, Founding Partner<br />
Vicente LLP<br />
“This monumental change will have a massive, positive effect on thousands of state-legal cannabis businesses around the country. One dominating inequity cannabis businesses face is the inability to deduct regular business expenses, since they sell a Schedule I substance. Rescheduling releases cannabis businesses from the crippling tax burden they have been shackled with and allow these businesses to grow and prosper. We work with hundreds of licensed cannabis businesses, and the ability to deduct ordinary operating costs under the Schedule III proposal is a game-changer for them." –Brian Vicente<br />
Zachary Kobrin, Partner<br />
Saul Ewing<br />
“Rescheduling marijuana to Schedule III is the most consequential federal cannabis action in decades. It unlocks potential for legitimate scientific and medical research by signaling federal recognition of the medical value of marijuana. It dismantles Section 280E, significantly reducing tax burdens and allowing that capital to circulate in the marketplace. It sends a clear signal that the federal government recognizes the medical value of marijuana and CBD, and will hopefully lead to real advancements. Capital markets should immediately take notice, giving a boost to companies. It will potentially force state regulators to consider how state regulations fit into this new normal. While ultimately not the saving grace, rescheduling gives the industry oxygen to operate like a real business rather than a tolerated outlier.<br />
“As important as the benefits are, the unanswered questions are just as important. What does Schedule III mean without FDA-approved cannabis products? How will DEA enforcement evolve? Where do state adult-use markets fit inside a federally controlled framework? What happens to interstate commerce, physician prescribing, and existing convictions? Rescheduling answers the question of whether cannabis belongs in the shadows. It does not answer how the federal government plans to integrate a multibillion-dollar industry into a coherent regulatory system. That work now begins.” –Zachary Kobrin<br />
Josh Horn, Partner<br />
Fox Rothschild<br />
With President Trump’s executive order, it is now back on the DEA to effectuate rescheduling through issuing rules and ending the administrative hearing that is currently on hold regarding those rules. If this happens, it could rectify the criminal injustice that has been ongoing since the passage of the Controlled Substances Act, where people of color have been disproportionately impacted by the “war on drugs.”  At the same time, rescheduling is a game-changer for state-legal cannabis businesses. For one, more states may adopt cannabis reform for medical and adult use purposes. The burdens that Internal Revenue Code Section 280E could go by the wayside, and more traditional banking options may open for the industry. In the end, rescheduling should reinvigorate these businesses out of their current tax and financial struggles. –Josh Horn<br />
Paula Savchenko, Founding Partner<br />
Cannacore Group and PS Law Group<br />
“President Trump’s decision to reschedule marijuana to Schedule III reflects a long-overdue acknowledgment of reality: Cannabis has recognized medicinal value, is used responsibly by millions of Americans, and should be governed by science, not stigma.<br />
“For decades, federal cannabis policy has been untethered from medical evidence and economic common sense. Schedule III status aligns federal law more closely with how cannabis is actually used in medical practice, research, and regulated markets across the country. This shift opens the door to expanded clinical research, clearer regulatory pathways, and a more rational national framework.<br />
“Rescheduling marijuana to Schedule III is not just a cannabis policy shift; it is a pivotal moment for the hemp industry. For years, hemp operators have functioned in a fragmented and often contradictory regulatory environment, despite Congress’ clear intent in the 2018 Farm Bill to legalize hemp and its derivatives. Marijuana rescheduling has the potential to bring long-needed clarity, stability, and legitimacy to the broader cannabinoid marketplace, if implemented correctly.<br />
“When federal policy begins to acknowledge that cannabis has medicinal value and can be regulated responsibly, it strengthens the argument that hemp-derived cannabinoids should be governed by science, manufacturing standards, and consumer safety, not arbitrary enforcement or shifting interpretations.” –Paula Savchenko<br />
Eric Walter, Partner and Cannabis Law Practice Leader<br />
Armstrong Teasdale<br />
“Today’s executive order directing federal agencies to complete the process of rescheduling marijuana from Schedule I to Schedule III was long overdue. Marijuana never belonged on Schedule I, which is reserved for substances with no medical use. The federal government never showed that marijuana had no medical use, and in 1998, it filed a patent application that argued marijuana had multiple medical uses. That patent was approved in 2003, but until the past two administrations, there was not sufficient political will to align marijuana’s scheduling with the position taken in that patent application. Once rescheduling is implemented, state-authorized and regulated marijuana companies will finally be able to take the normal deductions available to every other business. Rescheduling also opens the door to new research opportunities and hopefully inspires other sensible federal policy changes for the industry on matters such as banking and credit card transactions.” –Eric Walter<br />
Nick Richards, Co-Chair of the Cannabis Practice<br />
Greenspoon Marder<br />
"With the move to Schedule III, cannabis companies should be able to claim the same deductions as ordinary businesses. But there was a strong emphasis that they are not making marijuana legal, and that might be used by the IRS to continue denying deductions for the current industry. Generally, tax changes are not retroactive, and we will have to see whether the effective date is immediately or upon ultimate rescheduling.<br />
"It is important to note that the industry has been fighting 280E for some time, and there are large reserves, UTP Disclosures, IRS debt, basis issues, and potential capital assets tied up in that fight. The good news is that IRS Offers in Compromise should be available – but probably not bankruptcy. Greenspoon Marder has secured numerous collection alternatives for cannabis companies and will be reviewing them with its clients according to the new developments.<br />
"It will be fascinating to see how the licensed industry evolves. Currently, it is not Schedule III compliant and almost certainly unable to traffic in interstate commerce. But Rite Aid is. Will consumers visit their local pharmacy for California Sun Grown OG? Will the current industry evolve into Schedule III providers? Obviously, there is a lot of work to be done – states need to update their regulations, the federal government needs to resolve massive tax liabilities and remaining uncertainties around Section 280E, and the cannabis industry needs to become Schedule III compliant. It will take some time." -Nick Richards<br />
Jon Robbins, Chair of Cannabis Practice<br />
Akerman LLP<br />
"The move to reschedule cannabis to Schedule III is a significant and long-overdue acknowledgement that marijuana has accepted medical value in the United States, and it holds the potential to meaningfully reshape the industry. Relief from the harsh limitations of IRS Code Section 280E alone would dramatically improve the financial health of state-legal operators, while rescheduling should also ease longstanding barriers to traditional banking, investment, and much-needed large-scale scientific research. At the same time, we should be honest about the many complexities and unknowns that remain. Questions around how cannabis-derived medicines will be regulated, whether products must be dispensed through pharmacies, the FDA approval process, and whether interstate commerce will truly open are far from settled and will require thoughtful, coordinated policymaking.<br />
"Although this does not 'legalize' marijuana outright, it does signal a more rational federal posture, recognizing medical legitimacy while hopefully keeping adult-use enforcement as a low priority. Much will depend on how quickly the federal rulemaking process unfolds, and while motivated leadership could finalize rescheduling in a matter of months, legal and political challenges are likely. Still, if properly implemented, this shift could accelerate cannabis research, attract greater investment, and pave the way for responsible pharmaceutical development, while offering long-awaited regulatory clarity to both established operators and new market entrants. With consumer demand strong and public support for medical marijuana overwhelming, a well-designed Schedule III framework has the potential to unlock innovation, stabilize businesses, and help the U.S. cannabis market expand significantly in the years ahead." -Jon Robbins<br />
Marc Beginin, Founder and CEO<br />
Prodigy Processing Solutions<br />
“Rescheduling cannabis to Schedule III is a long-overdue step toward aligning this industry with science, public demand, and common sense. It removes barriers that have slowed investment and innovation, opening the doors to comprehensive research into the plant’s therapeutic potential, more equitable tax treatment for operators, and meaningful engagement from the pharmaceutical and life sciences communities. Most importantly, consumers stand to benefit from safer, more consistent products built on enforceable GMP standards.<br />
“At Prodigy, we’ve spent years engineering systems that meet FDA and EU GMP benchmarks so operators are prepared not only for federal oversight, but for the global pharmaceutical opportunities that will shape the next decade of cannabis.” –Marc Beginin<br />
Craig Henderson, CEO and Founder<br />
Extract Labs<br />
“Reclassification signals that the federal government is finally acknowledging reality, which could unlock more research, ease some financial constraints, and bring greater legitimacy to the industry. Many in the industry see it as a meaningful step forward, regardless of politics. However, it doesn’t automatically fix banking access, interstate commerce, or state-by-state inconsistencies. There’s also a chance that new regulations could favor larger players and make compliance more difficult for small, responsible businesses if not implemented thoughtfully.” –Craig Henderson<br />
Bryan Gerber, Co-Founder and CEO<br />
Hara Supply and Hara Brands<br />
"Rescheduling cannabis to Schedule III marks a long-overdue milestone and the beginning of a new chapter for our industry. By removing barriers that have long restricted access to capital, this change will reduce risk for banks and pave the way for meaningful institutional investment. Equally transformative, relief from the crushing 280E tax burden will provide operators the financial breathing room to expand, innovate, and better serve consumers. This is more than regulatory progress; it is a historic turning point that moves us closer to an equitable, sustainable, and thriving cannabis marketplace." –Bryan Gerber<br />
Kim Sanchez Rael, CEO and Co-Founder<br />
Azuca<br />
“Federal rescheduling would be a meaningful signal that U.S. cannabis policy is beginning to catch up with reality. But as with all policy moments in this industry, the signal alone is not the outcome. The details matter, and alignment matters even more.<br />
“If rescheduling is paired with clear, consistent guidance on hemp and cannabinoids, it could finally reduce years of regulatory ambiguity that have stalled innovation and forced responsible operators to navigate constant uncertainty. That kind of clarity creates a foundation for smarter regulation – one that distinguishes science-based products from bad actors and supports safe, compliant growth across cannabis and hemp alike.<br />
“What we cannot afford right now is fragmented advocacy layered on top of fragmented policy. When cannabis and hemp stakeholders push for separate outcomes, we turn policymakers into referees instead of partners. Industries don’t advance that way. They advance by aligning around shared priorities: safety, transparency, access, and a fair playing field in taxation and financial services.<br />
“For businesses, rescheduling alone doesn’t solve everything, but it does open the door to functional policy if we choose to walk through it together. For consumers, it’s an opportunity to move away from prohibition-era frameworks and toward regulation that prioritizes trust, consistency, and real-world use.<br />
“This moment reinforces what the industry has long known: We don’t need louder rhetoric – we need coordinated, practical solutions. The companies that will thrive next are those prepared to operate responsibly under clearer rules, while continuing to push for a regulatory system that reflects the reality of one plant, many use cases, and an evolving marketplace.<br />
“True reform doesn’t come from noise. It comes from alignment. And it will never be true reform until there is also justice for those wronged by prohibition and disparate enforcement.” –Kim Sanchez Rael<br />
Luc Mongeau, CEO<br />
Canopy Growth<br />
"Canopy Growth welcomes the decision to reclassify cannabis in the United States, which marks an important step toward modernizing federal cannabis policy and advancing the normalization of a regulated market.<br />
“Rescheduling supports a more rational, science-based framework that expands access to research, improves patient care, and strengthens the transition to regulated channels. Greater regulatory clarity also helps create a more sustainable operating environment for responsible businesses and long-term investment in the sector.<br />
“Canopy Growth is well-positioned in the U.S. through Canopy USA, with established operations and leading brands including Jetty, Wana, and Acreage, alongside Canopy Growth’s strategic stake in TerrAscend. Our U.S. strategy has been built to align with evolving regulation, and we view this milestone as supportive of long-term value creation and disciplined, responsible growth." –Luc Mongeau<br />
JP Doran, CEO<br />
Crucial Innovations Corp (CINV)<br />
“We applaud the U.S. government for undertaking the most significant reform in federal cannabis policy since the 1970s. While rescheduling stops short of full federal legalization, it meaningfully reduces research barriers, modernizes regulatory oversight, and formally acknowledges the medical value of cannabis within federal policy.<br />
“Because this development comes from the world’s largest pharmaceutical market, its impact extends far beyond U.S. borders. It is expected to catalyze international momentum, encouraging regulators in the U.K., EU, South Africa, and other emerging markets to revisit outdated frameworks, align with evolving scientific evidence, and create clearer pathways for medical cannabis innovation. Greater regulatory convergence will help unlock cross-border research, harmonize quality standards, and expand patient access globally. As global markets respond to this shift, rescheduling stands to accelerate the development, approval, and international distribution of next-generation cannabis-based medicines. We welcome reforms that advance transparency, safety, and patient access, and we look forward to contributing to a more connected, science-driven global cannabis ecosystem.” –JP Doran<br />
Cy Scott, Co-Founder and CEO<br />
Headset<br />
“Moving cannabis to Schedule III would have immediate, real-world consequences for operators, particularly at a moment when the industry is under historic financial pressure. Legal cannabis margins have been steadily compressed over the past several years, leaving retailers with far less room to absorb fixed costs and punitive taxation.<br />
“In that environment, 280E is not an abstract policy issue. It directly determines whether many otherwise healthy, well-run businesses can stay open. Because the tax effectively applies to gross profit rather than true operating income, a significant share of cannabis retailers today are operating at or near breakeven after federal taxes. Removing 280E would create an instant improvement in cash flow, allowing operators to stabilize their businesses rather than simply survive quarter to quarter.<br />
“From a data perspective, this is why rescheduling matters now. The industry does not need symbolism; it needs relief that reflects current market realities. Improved cash flow would translate into fewer store closures, more consistent staffing, better pricing discipline, and a more sustainable legal market overall.” –Cy Scott<br />
Christy Aranguiz, CEO and Co-Founder<br />
Minnesota Cannabis Services<br />
“Today’s decision is a monumental step forward for both businesses like mine and the patients who rely on it every day. For more than a decade, I’ve seen cannabis ease chronic pain, reduce anxiety, support recovery, and improve quality of life. Patients and doctors have long recognized these benefits, but federal policy has lagged behind. Rescheduling finally acknowledges what millions already know: Cannabis is a legitimate therapeutic tool.<br />
“As someone who built a multistate company from the ground up with no outside investment, I know how challenging it has been to operate while legitimacy was questioned. This shift brings recognition, stability, and the chance to expand research into cannabis’s full medical potential. For me, this moment is both validation and motivation, and I am energized for what it means for the future of cannabis as medicine.” –Cristy Aranguiz<br />
Marc Rodriguez, Co-Founder and CEO<br />
Green Leaf Business Solutions<br />
“Rescheduling cannabis marks a moment of normalization, not just a policy shift. As the industry becomes more institutionalized, expectations rise alongside opportunity, particularly around governance, transparency, and operational discipline. This change will reward operators that already function like legitimate businesses with scalable infrastructure and strong internal controls. At the same time, it introduces greater scrutiny that will expose structural weaknesses across the market. While challenges remain, this is a meaningful step toward treating cannabis as the regulated industry it has long been.” –Marc Rodriguez<br />
Adam Stettner, CEO<br />
FundCanna<br />
“Rescheduling cannabis to Schedule III will deliver immediate, measurable impacts. Most notably, it eliminates Section 280E from the federal tax equation for licensed operators – a change that, for many, is the difference between treading water and turning a profit. It also unlocks long-blocked research pathways, enabling rigorous clinical studies, standardized formulations, and a new era of product innovation. Additionally, it has catalyzed a broader shift across the industry, pushing cannabis businesses to adopt more institutional practices around banking, compliance, financial reporting, and governance.” –Adam Stettner<br />
Terry Mendez, CEO<br />
Safe Harbor Financial<br />
“President Trump’s rescheduling cannabis by executive order marks a significant shift in tone from Washington and a meaningful moment for an industry long stuck in legal limbo. Reclassifying cannabis as Schedule III would acknowledge its medical legitimacy and begin to correct a half-century of misguided federal policy. That said, rescheduling is not reform. The core challenges around cannabis banking, such as compliance burdens, cash dependency, and regulatory uncertainty, would remain unchanged. The industry would still fall under the Bank Secrecy Act, with all its reporting and monitoring obligations intact. This moment is likely to invite broader interest from financial institutions, but without structural reform or updated guidance, many will remain cautious. A true fix requires a coordinated federal framework that aligns financial policy with the realities of a &#36;38 billion state-legal industry. Any step forward is welcome, but incremental progress should not be mistaken for a comprehensive solution. The cannabis sector deserves financial clarity, not just legal signals.” –Terry Mendez<br />
Anthony Coniglio, CEO<br />
NewLake Capital<br />
“We welcome President Trump’s directive to the Department of Justice to finalize the rescheduling of cannabis from Schedule I to Schedule III. This represents a historic and long-overdue alignment of federal policy with scientific evidence, medical practice and the regulatory reality already functioning across most U.S. states. Now, follow-through is critical. We urge the DOJ and DEA to move swiftly to issue the final rule and complete the rescheduling process. Doing so would finally remove the punitive burden of Section 280E, allowing compliant, state-licensed operators to reinvest in growth, innovation and workforce development across the nearly half-million Americans employed in this industry.<br />
“This is not about legalization – it’s about legitimacy. Responsible operators have long followed strict state-level compliance frameworks that prioritize safety, transparency and consumer protection. Rescheduling would rightfully distinguish these businesses from illicit markets and allow federal enforcement to focus where it truly belongs: on criminal cartels, not compliant small businesses. This announcement is a milestone, not a finish line. Congress must build on this momentum by passing the bipartisan SAFER Banking Act and advancing STATES 2.0 to create a durable national framework that strengthens safety, access and accountability for all stakeholders.” –Anthony Coniglio<br />
Peter Sack, CEO/Co-CEO<br />
Chicago Atlantic BDC Inc./Chicago Atlantic Real Estate Finance Inc.<br />
“The rescheduling of cannabis products is a tremendous step forward for the regulated cannabis industry. Chicago Atlantic has invested more than &#36;2.5 billion in cannabis businesses across the country, supporting both emerging entrepreneurs and large multistate companies. The White House's executive order and the implementation of rescheduling helps industry operators, big and small, by lessening tax burdens, opening up channels for research, and furthering the normalization of a product that benefits millions across the country, not to mention the hundreds of thousands of individuals employed in this industry today. Chicago Atlantic looks forward to continuing to provide capital for dispensary operators and cultivators.” –Peter Sack<br />
Kyle Sherman, Founder and CEO<br />
Flowhub<br />
“Reclassifying cannabis to Schedule III is a meaningful win in the fight to end the failed war on drugs. This is a step in the right direction towards full destigmatization of cannabis and removes roadblocks for operators that have held the industry back from reaching its full potential.<br />
“One of the biggest barriers has been 280E, an outdated tax policy that’s crushed plant-touching companies for years. Now, businesses will finally have the opportunity to become profitable and reinvest capital into hiring and growth. With more cash on hand, fewer businesses will face insolvency. We’ll see a healthier cannabis economy and a resurgence of investment in the space. More traditional financial institutions will be willing to work with the industry, and more patients will have access to cannabis as medicine.” –Kyle Sherman<br />
Deborah Saneman, CEO<br />
Würk<br />
“The reclassification of cannabis is a major milestone for every operator in cannabis. We've all been working toward this moment, proving that this industry can operate professionally and safely, despite being held back by outdated federal policies.<br />
“What impresses me most is how our industry has kept pushing forward through every obstacle. Cannabis businesses have shown they can adapt, innovate, and deliver quality products, even when the deck was stacked against them.<br />
“Importantly, this shift also brings cannabis businesses closer to operating like companies in any other industry with greater access to liquidity and fairer financial treatment. That change will unlock opportunities that simply haven’t been available under current regulations.<br />
“At Würk, we've been honored to support so many of these companies with payroll and HR solutions that actually work for cannabis. We're here for the long haul as this industry continues to grow and gain the recognition it deserves.” –Deborah Saneman<br />
Socrates Rosenfeld, CEO and Co-Founder<br />
Jane Technologies<br />
“We welcome the decision to reschedule cannabis. This long-overdue step aligns regulation with science and public opinion, providing a necessary foundation for patient relief and compliant business growth. It also acknowledges the historical harm caused by outdated laws. We are hopeful this marks the beginning of real momentum toward the broader, systemic reform needed for a truly just and accessible industry – a commitment we will champion until achieved." –Socrates Rosenfeld<br />
Rodney Holcombe, Vice President of Public Policy<br />
LeafLink<br />
“The president’s announcement to move cannabis to Schedule III is an important step in the right direction. This change will help create tax parity between other industries and legal cannabis businesses, strengthening the foundation for long-term sustainability. It also reflects a meaningful shift in how cannabis reform is viewed – one that aligns with the views of a majority of Americans. LeafLink is committed to advocating for reforms that will foster a more healthy cannabis market.” –Rodney Holcombe<br />
Michael Johnson, CEO<br />
Metrc<br />
"Today’s decision to advance cannabis rescheduling represents one of the most consequential shifts in policy for legal cannabis in decades, removing some of the key roadblocks the industry has long faced. While this is not full federal legalization, this move makes meaningful progress towards standardizing the industry and setting the stage for much-needed policy frameworks. Next, as the industry grows and evolves in the coming years, ensuring the traceability and safety of cannabis products reaching shelves will be critically important.” –Michael Johnson<br />
Sasha Kalcheff-Korn, Executive Director<br />
Realm of Caring Foundation<br />
"For decades, cannabinoid therapies have existed in a regulatory gray area while millions of Americans rely on them to manage pain, sleep issues, anxiety, and inflammation. The Trump administration's decision to reschedule cannabis to Schedule III is an acknowledgement of the therapeutic potential of the plant that Realm of Caring and other organizations have worked so consistently to demonstrate. This move will open a door that has been closed for far too long by making it possible to pave a clear, science-driven regulatory pathway that enables more research and establishes federal standards for manufacturing, testing, labeling, and consumer safety; guardrails that have never existed but are desperately needed. Finally, this designation gets us closer to matching the reality of how people are using cannabis to improve their lives. Today represents a significant milestone for our industry and our organization's mission, and we look forward to continuing our role in connecting patients with guidance and clarity on the benefits of cannabinoid therapies." –Sasha Kalcheff-Korn<br />
Jasmine Johnson, CEO<br />
GŪD Essence<br />
“Federal rescheduling marks a long-overdue shift toward treating cannabis as the medical, economic, and community issue it truly is – not a criminal one. This change opens the door for real scientific research, fairer taxation, and more sustainable operations for licensed operators who have been building responsibly despite outdated federal barriers.<br />
“For patients, rescheduling means better access, more consistent standards, and products backed by research instead of stigma. For operators like us, it allows reinvestment into jobs, education, and community infrastructure rather than navigating a system designed to penalize compliance.<br />
“Rescheduling alone is not the finish line – but it is a critical foundation. The next step must be ensuring that small, minority-owned, and legacy-rooted businesses are not left behind as the industry evolves. If done thoughtfully, this moment can finally align public policy with public reality and create a cannabis industry that is safe, equitable, and economically sound.” –Jasmine Johnson<br />
Jenny Lamboy, VP of Strategy<br />
Hybrid Marketing Co.<br />
"Removing interstate commerce barriers might rebalance such inequities as we see with California, whose market is dying while the New York market thrives. Should cannabis receive FDA approval, rescheduling would introduce a fresh dynamic that would allow states like California to ship legally to New York – which currently takes huge receipt of illicit California product – and finally reap the benefits of the untaxed cannabis they’re already sending." –Jenny Lamboy<br />
Keith Chic, Co-Founder and CFO<br />
Sunderstorm<br />
“Moving cannabis from Schedule I to Schedule III is meaningful progress. It opens the door to expanded research, improved medical credibility, and relief from punitive tax burdens that have constrained legitimate operators. Most importantly, this shift may help steer new investors toward a capital-starved industry. That said, it’s not a cure-all – without a national framework for interstate commerce, operators will continue to face challenges generating sustainable profits. Schedule III is a step forward, but comprehensive federal reform remains essential.” –Keith Chic<br />
Evan Eneman, CEO<br />
Iconic Tonics<br />
“Rescheduling cannabis is progress, but it doesn’t go far enough. Like wheat or corn, the plant itself isn’t the problem – regulation should focus on finished products with sensible public health and safety safeguards. Until the plant is fully descheduled, consumers, patients, and small businesses will continue to face unnecessary obstacles and risk.” –Evan Eneman<br />
Everett Smith, CEO and Co-Founder<br />
Presidential<br />
“Rescheduling cannabis away from a Schedule I substance marks a pivotal step for both the industry and the people who have long dedicated their lives to the plant. This decision not only creates new opportunities for growth but also legitimacy across the space. At Presidential, we’re proud to be part of this moment and help shape the next chapter, and we remain committed to continuing to drive progress for the industry and our customers.” –Everett Smith<br />
Christian Killoran, Cannabis Legal Advocate<br />
Killoran Law<br />
“Marijuana reclassification strengthens state authority, reinforces preemption over local obstruction, and allows law enforcement to focus on fentanyl traffickers instead of compliant businesses. It makes clear that illicit drug networks, not regulated cannabis, are the real public enemy.” –Christian Killoran<br />
Marq Hayes (Michelin-Trained Chef), Owner and Founder<br />
Brown Budda New York<br />
“Cannabis enthusiasts demand trust, provenance, and intention. Reclassification allows the cannabis industry to mature into the same category as fine wine, spirits, and wellness experiences, where safety, craftsmanship, and accountability are non-negotiable. When regulated operators are allowed to operate at the highest standard, discerning consumers choose transparency, craftsmanship, and trust over uncertainty. That is how illicit markets lose relevance not through denial of demand, but by offering an experience that is unequivocally better.” –Marq Hayes<br />
Ryan Hunter, Chief Revenue Officer<br />
Spherex<br />
"Cannabis is still federally illegal – but even as a federally illegal substance, the move to Schedule III dramatically reduces the federal tax burden for operators. Under IRS code 280E, handling Schedule I or Schedule II substances eliminates the ability for operators to deduct standard operating expenses that most other businesses deduct from their federal taxes. As a result of 280E, cannabis operators’ effective tax rate may be as high as 80%. Beyond this significant improvement, the implications are unclear, but we’re hopeful that this move will allow for cannabis operators to garner the same investment opportunities other industries will enjoy." –Ryan Hunter]]></content:encoded>
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			<title><![CDATA[THC gummies and drinks face ban under provision in government spending bill]]></title>
			<link>https://www.cannabispressreleases.com/press-releases/showthread.php?tid=41</link>
			<pubDate>Mon, 17 Nov 2025 00:17:27 +0000</pubDate>
			<dc:creator><![CDATA[<a href="https://www.cannabispressreleases.com/press-releases/member.php?action=profile&uid=1">Jayman</a>]]></dc:creator>
			<guid isPermaLink="false">https://www.cannabispressreleases.com/press-releases/showthread.php?tid=41</guid>
			<description><![CDATA[THC gummies and drinks face ban under provision in government spending bill<br />
The bill prohibits products containing over 0.4 milligrams of THC per container.<br />
BySelina Wang, Lauren Peller, and Allison Pecorin<br />
November 13, 2025, 6:07 PM<br />
<br />
<img src="https://i.abcnewsfe.com/a/221ead98-3c6b-400d-806c-58fcfda66fbf/gummies_1763085722274_hpMain.jpg" loading="lazy"  alt="[Image: gummies_1763085722274_hpMain.jpg]" class="mycode_img" /> <br />
<br />
A little-noticed provision tucked into the federal spending bill signed by President Trump could upend a booming industry -- by banning many THC-infused products, like gummies, drinks, topical pain relief and vapes, now found everywhere from gas stations to wellness shops.<br />
<br />
Hemp, a derivative of the cannabis plant, was legalized in the 2018 Farm Bill. It created a loophole for THC to be sold in low doses and explode in the mainstream consumer market.<br />
<br />
The new ban tucked into the spending bill prohibits products containing more than 0.4 milligrams of THC per container.<br />
<br />
House passes funding bill to end longest-ever government shutdown<br />
Now, the hemp industry says the consequences will be devastating. The U.S. Hemp Roundtable warns that the decision “threatens to eliminate America’s &#36;28.4 billion hemp industry and jeopardizes more than 300,000 American jobs.” The group estimates the move would wipe out 95% of the market, shut down small businesses and farms nationwide, and cost states &#36;1.5 billion in tax revenue.<br />
<br />
Sen. Rand Paul offered an amendment to strip the language from the Senate bill, but the Senate voted overwhelmingly to table Paul's amendment.<br />
<br />
Paul said this "couldn’t come at a worse time for America’s farmers," warning on the Senate floor that this will “eradicate the hemp industry.”<br />
<br />
A hemp farmer named Stacy, who owns a company in Woodstock, Illinois, called into the Washington Journal C-Span on Thursday to explain how this will devastate her business. She says the joint and muscle salve she sells, which "doesn’t get anybody high – it’s a topical product," would be banned under the law.<br />
<br />
PHOTO: aurora code enforcement<br />
THC Gummies at Vapor Maven in Aurora, Colorado on Thursday, August 7, 2025. (Photo by Hyoung Chang/The Denver Post)<br />
Hyoung Chang/Denver Post via Getty Images<br />
“They sneak that in and crush the industry. My business is completely over,” she said.<br />
<br />
“I have one year to wind this business down and nobody is talking about the hundreds of thousands of people, farmers, processors, retail stores. This is going to have incredible ripple effects across the economy.”<br />
<br />
Supporters of the provision in the bill argue it’s long overdue. Sen. Mitch McConnell, a senior member of the Senate Agriculture and Appropriations Committees, argues that companies have “exploited” that loophole by “taking legal amounts of THC from hemp and turning it into intoxicating substances.”<br />
<br />
THC seltzers rise in popularity: What to know about the drinks<br />
That sentiment is echoed by dozens of attorneys generals, who sent a letter to Congress last month, warning that the 2018 Farm Bill has been “wrongly exploited by bad actors to sell recreational synthetic THC products across the country.” The attorneys generals argue the loophole has fueled the “rapid growth of an underregulated industry that threatens public health and safety and undermines law enforcement nationwide.”<br />
<br />
Yet the U.S. Hemp Roundtable says more than 90% of non-intoxicating hemp-derived products contain more than 0.4 milligrams per container. This means, the group says, seniors, veterans and others who rely on them for pain management or sleep would suddenly be violating federal law to obtain them -- “disrupting their care and leaving them scrambling for potentially harmful alternatives.”]]></description>
			<content:encoded><![CDATA[THC gummies and drinks face ban under provision in government spending bill<br />
The bill prohibits products containing over 0.4 milligrams of THC per container.<br />
BySelina Wang, Lauren Peller, and Allison Pecorin<br />
November 13, 2025, 6:07 PM<br />
<br />
<img src="https://i.abcnewsfe.com/a/221ead98-3c6b-400d-806c-58fcfda66fbf/gummies_1763085722274_hpMain.jpg" loading="lazy"  alt="[Image: gummies_1763085722274_hpMain.jpg]" class="mycode_img" /> <br />
<br />
A little-noticed provision tucked into the federal spending bill signed by President Trump could upend a booming industry -- by banning many THC-infused products, like gummies, drinks, topical pain relief and vapes, now found everywhere from gas stations to wellness shops.<br />
<br />
Hemp, a derivative of the cannabis plant, was legalized in the 2018 Farm Bill. It created a loophole for THC to be sold in low doses and explode in the mainstream consumer market.<br />
<br />
The new ban tucked into the spending bill prohibits products containing more than 0.4 milligrams of THC per container.<br />
<br />
House passes funding bill to end longest-ever government shutdown<br />
Now, the hemp industry says the consequences will be devastating. The U.S. Hemp Roundtable warns that the decision “threatens to eliminate America’s &#36;28.4 billion hemp industry and jeopardizes more than 300,000 American jobs.” The group estimates the move would wipe out 95% of the market, shut down small businesses and farms nationwide, and cost states &#36;1.5 billion in tax revenue.<br />
<br />
Sen. Rand Paul offered an amendment to strip the language from the Senate bill, but the Senate voted overwhelmingly to table Paul's amendment.<br />
<br />
Paul said this "couldn’t come at a worse time for America’s farmers," warning on the Senate floor that this will “eradicate the hemp industry.”<br />
<br />
A hemp farmer named Stacy, who owns a company in Woodstock, Illinois, called into the Washington Journal C-Span on Thursday to explain how this will devastate her business. She says the joint and muscle salve she sells, which "doesn’t get anybody high – it’s a topical product," would be banned under the law.<br />
<br />
PHOTO: aurora code enforcement<br />
THC Gummies at Vapor Maven in Aurora, Colorado on Thursday, August 7, 2025. (Photo by Hyoung Chang/The Denver Post)<br />
Hyoung Chang/Denver Post via Getty Images<br />
“They sneak that in and crush the industry. My business is completely over,” she said.<br />
<br />
“I have one year to wind this business down and nobody is talking about the hundreds of thousands of people, farmers, processors, retail stores. This is going to have incredible ripple effects across the economy.”<br />
<br />
Supporters of the provision in the bill argue it’s long overdue. Sen. Mitch McConnell, a senior member of the Senate Agriculture and Appropriations Committees, argues that companies have “exploited” that loophole by “taking legal amounts of THC from hemp and turning it into intoxicating substances.”<br />
<br />
THC seltzers rise in popularity: What to know about the drinks<br />
That sentiment is echoed by dozens of attorneys generals, who sent a letter to Congress last month, warning that the 2018 Farm Bill has been “wrongly exploited by bad actors to sell recreational synthetic THC products across the country.” The attorneys generals argue the loophole has fueled the “rapid growth of an underregulated industry that threatens public health and safety and undermines law enforcement nationwide.”<br />
<br />
Yet the U.S. Hemp Roundtable says more than 90% of non-intoxicating hemp-derived products contain more than 0.4 milligrams per container. This means, the group says, seniors, veterans and others who rely on them for pain management or sleep would suddenly be violating federal law to obtain them -- “disrupting their care and leaving them scrambling for potentially harmful alternatives.”]]></content:encoded>
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