DEA

StarMaker7

The DEA's high-profile cannabis rescheduling administrative law judge (ALJ) hearing starts today at **9:00 AM Eastern Time (ET)**. \[[1](https://www.dea.gov/sites/default/files/2026-06/Proposed%20Marijuana%20Rescheduling_Order%20re%20Detailed%20Hearing%20Schedule.pdf), [2](https://www.reddit.com/r/TLRY/comments/1ug6jus/top_5_things_to_know_about_the_june_29_dea/)\] Day 1 Schedule Details According to the official [Order Setting Schedule for Hearing Proceedings](https://www.dea.gov/sites/default/files/2026-06/Proposed%20Marijuana%20Rescheduling_Order%20re%20Detailed%20Hearing%20Schedule.pdf) issued by Chief ALJ Derek C. Julius, the timeline for the opening day unfolds as follows: \[[1](https://www.safeaccessnow.org/misguided_notions_of_alj_hearing_are_putting_cannabis_businesses_and_patients_at_risk), [2](https://www.cannabisbusinesstimes.com/cannabis-rescheduling/news/15828596/dea-judge-sets-cannabis-hearing-schedule-wont-consider-more-participants), [3](https://www.dea.gov/sites/default/files/2026-06/Proposed%20Marijuana%20Rescheduling_Order%20re%20Detailed%20Hearing%20Schedule.pdf)\] * **9:00 AM ET**: Chief ALJ opening statement * **9:30 AM ET**: Government opening statement * **9:45 AM ET**: Government's first witness direct examination * **12:00 PM ET**: Lunch break * **1:00 PM ET**: Cross-examination opportunities begin \[[1](https://www.dea.gov/sites/default/files/2026-06/Proposed%20Marijuana%20Rescheduling_Order%20re%20Detailed%20Hearing%20Schedule.pdf)\] Additional Trial Information * **Location**: The hearing is taking place live at the [DEA Hearing Facility](https://mmjnow.com/articles/june-29-rescheduling-hearing-preview) located at 700 Army Navy Drive in Arlington, Virginia. * **Public Access**: Chief Judge Julius ruled that the proceedings will **not be livestreamed** or broadcast over a public audio feed. * **Duration**: This expedited evidentiary trial runs from today through July 3, takes a brief holiday recess, and is scheduled to fully conclude by **July 15, 2026**

KAI5ER

Are any of the old DEA "proponents" still involved? Id love to hear them forced to speak of the Benefits of cannabis ;)

Handsome_Chewbacca

It’s hard to believe that the DEA will give a pro-cannabis group time to testify.

SpecificImpossible45

Hoping someone can help me understand this. On April 23, 2026, the DOJ issued a final order that moved state-licensed medical cannabis and FDA-approved cannabis drugs from S1 to S3. For Trulieve and Glasshouse, who have successfully restructured (separating adult use from medical) and registered with DEA, their businesses are now federally compliant and meet the governance & regulatory compliance standards required for the NYSE listing. As I understand it, the combination of the state medical license + DEA registration and separation of adult use is what creates the new federally recognized framework for medical cannabis. In Theory, these companies should no longer face custody or banking issues, right? It may take time for banks and institutions to become comfortable and adjust their internal compliance but in theory if NYSE gave the green light, there should be obstacles legally? So assuming all cannabis is eventually fully rescheduled to S3 following this hearing and administrative process, and the DOJ issues a final rule/order that moves state-licensed ADULT use cannabis to S3, then these companies can simplify their structures and re-integrate the adult use operations. In essence wouldn’t this resemble something like a STATES 2.0 act minus the federal taxations and regulations? As long as a company is State licensed and DEA registered they would be federally compliant?

ChipIverson

DEA announced info about the upcoming hearing. https://www.dea.gov/press-releases/2026/06/25/dea-hearing-proposed-marijuana-rescheduling-begins-june-29

WollopDollop

I'm more optimistic about next week's hearing after seeing that the DEA has 6+ named attorneys on this. Lawyers have ethical duties to their client and it would be really murky if the DEA was actually looking to limpwrist this situation; it's one thing to convince one or a couple career attorneys to fake being a proponent, but this is a large group to expect to be tanking their own client's role in this. I'm bullish that DEA is at least looking to fight for this.

jmu_alumni

“[DEA is resisting a prohibitionist group’s request for an agency official to testify about the harms of marijuana](https://www.marijuanamoment.net/dea-resists-testimony-from-agency-official-linked-to-report-on-marijuanas-harms-during-rescheduling-hearing/) during the hearing. The DEA pharmacologist was previously an official witness for an earlier, subsequently cancelled hearing on marijuana rescheduling during the Biden administration. During that time, she submitted into the record a report that attempts to link cannabis consumption to psychosis, depression and impaired cognitive functioning. The prohibitionist organization Smart Approaches to Marijuana is attempting to call her for testimony during the current proceedings, but the agency is resisting that” —MM

KAI5ER

We have the full **FUD** right now **Fear** that the DEA could pull more shenanigans **Uncertainty** of the proceedings as theres no live stream **Doubt** that change is happening in a timely manner.

AverageNo130

The Drug Enforcement Administration (DEA) is resisting a prohibitionist group’s (SAM) request for an agency official, Luli Akinfiresoye, to testify about the harms of marijuana during a [hearing on the Trump administration’s move to reschedule cannabis](https://www.marijuanamoment.net/dea-judge-issues-order-laying-out-process-for-marijuana-rescheduling-hearing-starting-this-month/) that is scheduled to start next week. MM

MonsterDrunk

its overtime and the DEA just said our team isnt allowed on the ice

GeoLogic23

I don't think it's that complicated. There's a split because we've had over a decade of states making state-legal recreational markets for cannabis. Having an accepted medical use is only one of many factors that are considered. Acceptable medical use only means that is not Schedule 1, not that it is Schedule 3. That's why fentanyl is Schedule 2 as a medical product. Extremely dangerous, but has a very widely accepted medical use. They literally just delineated between "recreational" fentanyl and "medical" fentanyl very recently, in regards to how it is treated by the federal government. The only difference in that case is that "recreational" fentanyl doesn't have a state legal framework, so there's no debate about it. What if California made a state legal fentanyl market? Would the federal government keep their hands off and treat them as selling a Schedule 2 substance? Or treat them as illegally selling a Schedule 1 substance and try to stop them? That's not even getting into the arguments that could be made about how most drugs are specific compounds, not a smokeable plant that can have a wide variety/potency of compounds simply depending on how it is grown. That's why CWEB is putting their drug through the botanical drug development pathway. The federal government can argue that without DEA oversight, they have no idea what cannabinoids are actually present in recreational cannabis. I don't know how it'll all shake out. But there are absolutely ways they could delineate between the two markets. Anyone acting like it's a done deal already is not assessing their risks properly.

skyplt29

Once again I find myself trying to follow the logic of how cannabis got split into medical and recreational in the first place. There is nothing in the DEA Scheduling definitions that breaks it down this way. The definition of Schedule 1 (directly from the DEA website) is: **Schedule I** Schedule I drugs, substances, or chemicals are defined as drugs with *no currently accepted medical use* and a high potential for abuse. Some examples of Schedule I drugs are: heroin, lysergic acid diethylamide (LSD), marijuana (cannabis), 3,4-methylenedioxymethamphetamine (ecstasy), methaqualone, and peyote. "no currently accepted medical use" It seems to me that given "medical cannabis" is now Schedule 3, there is currently accepted medical use, ergo Schedule 3 applies across the board as accepted medical use is part of the core definition of S3. What am I missing? What is the point of these hearings? It would seem to me a fairly short conclusion that given the government recognized medical use in April then cannabis is Schedule 3. How did this become a medical/recreational split? For example, ketamine is Schedule 3, period. There is no delineation made between recreational and medical. Someone please make this make sense.

MonsterDrunk

so then why were proponents at the previous ALJ hearings? Its certainly out of the norm. The DEA is rigging the deck.

MonsterDrunk

The DEA isn’t allowing a single pro legalization party at the ALJ hearing

KAI5ER

We are back to hoping the DEA doesn't screw the industry again.

Imaginary_Rooster622

Any potential catalyst before the 22nd ( deadline for DEA registration ). This beating is getting tiresome

skyplt29

The DEA has granted permission for VA researchers to import standardized marijuana extracts and THC for clinical trials, marking a significant regulatory shift in federal cannabis research policy. This authorization allows the VA to bypass current restrictions on domestic cannabis research materials, which have historically been limited to low-potency products from a single federal supplier. The move enables controlled studies using consistent, pharmaceutical-grade cannabis preparations that more closely mirror what patients actually use in legal states.

KAI5ER

I still believe that we have a 75% chance of eventually rescheduling. But Im very aware that this is still a gamble. The DEA has proven time and time again that its willing to stifle progress. All it would take is the ALJ to rule ambiguously or punt to congress which would be a death sentence. Even expediated, government runs at a snails pace... and expect delays

Flat-Guava-17

Israel trying to break the peace deal. Same Israel that's going to merge into and have control over the CIA and DEA. Read up on it if it passes.

Kbarbs4421

Which court case are you talking about? I wasn't talking about any cases. I'm saying the DEA administrative hearings beginning June 26. The hope is that they will result in rescheduling all cannabis regardless.of med/rec, in which case 280E would not apply to any of it. For now, 280E applies only to non-medical cannabis. MSOs don't have to deconsolidate to capitalize on this. They simply have.to account for the two channels separately.

GeoLogic23

Schedule 3 was with Trump's DEA longer than it was with Biden's DEA. The GOP Congress has done absolutely nothing. Have not even brought up SAFE for discussion in either House or Senate. The GOP have spent the last 15 years taking advantage of people not understanding how the Senate works. Just because the filibuster stops everything from passing doesn't mean the numbers aren't overwhelmingly in favor of Democrats supporting cannabis reform. If we'd replaced Chuck Schumer with a younger progressive Democrat instead of replacing him with John Thune, do you think we'd have better or worse chances at cannabis regulation coming from Congress?

Trippp2001

Anyone who calls it deranged to call out a narcissist rapist pedophile is seriously as senile as he is. And any woman who supports him just so that she can get preferential DEA contracts is selling her soul for money.

Trippp2001

DEA licenses given to Florida company. Preferential treatment to his favorite state. I don’t care how much money this stock makes now. They dead to me.

MadOblivion

280e tax getting retroactively refunded. The first American Cannabis company to uplist to the NYSE. Just acquired over 200 DEA Licenses. See you in 5 days. Do what you like. 😃

KAI5ER

The problem is that the DEA is running the hearings. They have proven to be inefficient if not impeding on rescheduling. History would tell us to expect setbacks.

No_Love_Gained

So Trul is able to uplist without DEA approval, does this mean DEA approval is just a tick in the box exercise?

GeoLogic23

Schedule 3 was with Trump's DEA longer than it was with Biden's? This is all executive branch stuff. Congress is still overwhelmingly Democrats pushing for larger cannabis reform. Again i don't want to hear any complaining from you people when the GOP find a way to harm the recreational cannabis markets.

KAI5ER

One thing I have to hand to DJT. He called out the DOJ (and DEA) for slow walking rescheduling. Biden and Harris wouldn't have done that.

KAI5ER

Its the DEA. 😞

Imaginary_Rooster622

Nice. I had forgotten about the DEA. Do you think they'll issue Federal compliance licenses? That could give Senior US exchanges the comfort they need

UsedState7381

This is the most likely thing, as it's still pending while we are all waiting for the ALJ hearings to start. DEA approving MSOs registrations is another one, I suspect that Trulieve and Curaleaf will be the first MSOs to be approved, but we are still half-way across the 60-day approval period.

KAI5ER

That Oracle account tweeted again. Feels disingenuous... "DEA: The \[rescheduling\] process is being carried out" [https://x.com/OracleNYSE/status/2060065088065716345](https://x.com/OracleNYSE/status/2060065088065716345)

Able_Web3798

Why flyin' high today? This is what I got, let me know..... 1) Today was effectively the deadline for participation/objections in the DEA Schedule III hearing process (and appears no big coordinated opposition?) ... more likely smooth sailiing than not for the June 29 DEA hearing. 2) The Curaleaf uplisting/ADR angle ..... access to more $$$, it was out 1-2 days ago, but coupled with the above, has led to it being more credible.

dreamgreener

The room is full of smoke and mirrors and Trump has made medicinal cannabis semi legal while maintaining recreational as illegal Add to this is the Hemp/cannabis confusion with McConnells Farm bill and then throw everything at the DEA and let them review everything WTF

King_Chron

There would have to be a federal mandate as schedule 3 does not open up interstate commerce even if cannabis as a whole gets rescheduled, it will become a FDA/ DEA pipeline issue

KAI5ER

here we go: **Immediately after July 15** The ALJ writes up findings and recommendations. This is not a quick process even under pressure — expect 2-4 weeks minimum. The ALJ has to summarize the entire hearing record, assess witness credibility, evaluate competing evidence, and make recommendations to the DEA Administrator. Realistically that lands on the Administrator's desk sometime in early to mid August. **The Administrator's review** Terry Cole then has to review the entire record — the ALJ findings, all 43,000 public comments, the HHS scientific recommendation, the hearing testimony — and decide whether to publish a final rule. There's no hard deadline on this step. That's actually the soft underbelly of the entire timeline. The expedited hearing has a hard July 15 deadline. The Administrator's review does not. Under political pressure from the White House — which has already demonstrated it will publicly complain about slow-walking — Cole would be expected to move quickly. But quickly here probably means 4-6 weeks not 4-6 days. So realistically a final rule gets published somewhere between late August and late September. **The 30-90 day effective date window** Once the final rule is published it needs a minimum 30-day effective date under the APA. The DEA already argued this is not a major rule under the CRA so they're claiming the 60-day Congressional Review window doesn't apply. SAM will dispute that. If DEA is right — 30 days minimum. Final rule effective late September to October. If SAM convinces a court it's a major rule — 60-day Congressional Review window kicks in on top of the 30-day APA minimum. That pushes effectiveness to November or December.

BoJo_Nose6969

Are they saying that the DEA has accepted their application and issued the federal DEA license, or just that they completed the application process.  Either this release is ambiguous or I haven't had my coffee.

Grouchy_Accident_336

First mover advantage on DEA registration is actually a big deal. Sets them up well for whatever federal framework comes next. Curious how long before other MSOs follow suit.

snark42

TSA was never going to arrest you unless it was enough drugs to refer to DEA, they always just called local police. At SFO and OAK it was official policy to not bother police for less than 8 ounces since at least 1998 after prop 215 passed since local police wouldn't do anything as it was legal.

ministryofchampagne

The DEA isn’t who made weed schedule 1. It was an act of congress. It is the only schedule 1 drug mandated to be schedule 1 by law. It’s meant to target people of a certain skin color, so of course republicans won’t do anything about it.

AverageNo130

The Drug Enforcement Administration (DEA) says a question on its new medical marijuana registration form asking applicants if they previously handled controlled substances without federal authorization is not intended to block state-licensed businesses from receiving registration. The agency added that the broader registration process is designed to evaluate applicants based on their current ability to operate within the federal framework. MH

LittlePlacerMine

The rescheduling for medical has already occurred. DEA is holding hearings on non-medical next month and there is a bill in the house that would grant adult use non medical schedule III status. (Not a given some of the house are anti cannabis) But the schedule III for medical is a big win for the big 3 cannabis companies, their tax relief is hundreds of millions. I think the big institutions are holding back waiting for a safe harbor ruling/memo. Otherwise the big banks can’t hold their shares for them.

UsedState7381

From what I've been reading around, it seems that safe banking won't be really necessary once the DEA gives their approval. But I wouldn't oppose getting the bill passed by the Senate, we could use with the redundancy in case the S3 process gets stayed again.

UsedState7381

And Green Thumb was always in the USA. It really seems that when the DEA gives their acceptance to these companies, they should be able to uplist fast. Side note, Verano has submitted their application with the DEA today https://x.com/i/status/2054540393522278513

InfinitelyFinite212

TLDR: * Cannabis was partially moved to Schedule III * This mainly applies to FDA-approved cannabis drugs and state medical cannabis businesses * Recreational/adult-use cannabis is still Schedule I * Medical operators may get 280E tax relief starting in 2026 * Medical operators must register with the DEA * This does not federally legalize cannabis * This does not fix banking or pass SAFE Banking * DOJ is still reviewing whether all cannabis, including adult-use, should move to Schedule III * Legal challenges are likely

Ok-Replacement9595

I wanna see some reports of CEOs conversations with the SEC about uplifting. I wonder when that's gonna start? As their DEA applications get approved?

AverageNo130

The House Appropriations Committee directs the Drug Enforcement Administration (DEA) and Food and Drug Administration (FDA) to address the “proliferation of Federally unregulated ingestible, inhalable, and topical products that contain intoxicating cannabinoids.” MM

Kazori

DEA, this must be the infamous cocaine bear. I heard he used to be a brown before all the cocaine dyed his fur.

skyplt29

It seems as though this sector always has some carrot on the end of a stick that turns into nothing more than a sell the news event. I am surprised there is not more discussion on this subreddit about the upcoming rec S3 hearings in July.  On the one hand, I have a hard time believing Republicans (or SAM) will let this through. Trump has already made it clear he is not in favor of rec. On the other hand, the very definition of S1 is "drugs with no currently accepted medical use".  It would seem the recent med S3 ruling supports S3 overall. S3 is defined as "drugs with a moderate to low potential for physical and psychological dependence". I believe SAM will argue high potential for dependence  But I find it interesting the DEA definitions do not delineate between  medical and recreational. As well, there has been no discussion about whether hemp derived cannabis will be banned or better regulated come November. My guess is better regulated. A lot of farmers switched to growing hemp  BTW, it strikes me as though there are only about a dozen or so regular contributors to this subreddit left.  Personally I am not as engaged (or heavily invested) as I used to be. For me it's been over 8 years of mostly rug pulls. Can this sector ever move beyond success being "just around the corner?"  🚀 

ging3r_gin3r

I don’t know what ur talking about. The DEA isn’t moving to do anything. Medical marijuana is now federally legalized across the board. The DEA is simply approving companies that apply and are eligible. There is zero conversation about certain products. Please send a link if you have one. But I know you don’t. See you in 8 weeks!

SwordfishOk504

> Medical marijuana was just federally legalized my dude Oh my sweet, sweet summer child. No, the DEA is moving to make *some products* schedule 3. that doesn't make "medical marijuana legal". >Adult use / recreational is also about to be federally legalized (schedule iii) in July. AHAHAHAHA. OK ging3r_gin3r. I'll check back in with you in 6 weeks about that one.

ging3r_gin3r

…are. Are you joking or just being disingenuous? Medical marijuana was just federally legalized my dude. How is that not progress? Adult use / recreational is also about to be federally legalized (schedule iii) in July. This is incredible progress for a drug that’s been demonized forever. The MSOs are literally applying to the DEA as we speak because they are indeed adhering to the level playing field that regulations have created. I’m so confused. Have you been living under a rock?

BoJo_Nose6969

I wonder what the impact of being listed on TSX will be for Curaleaf and Terrascend when/if all cannabis is rescheduled and DEA licenses have been issued.  Will it make it faster for them to uplist?  Curaleaf shareholders will vote on June 22 to redomicile in Delaware so there's that too.

UsedState7381

All signs are pointing towards Trulieve being the first, but I wouldn't be surprised if Curaleaf beats them to the punch thanks to their TSX listing. I'm not sure if Curaleaf has submitted their application on the same day the DEA website went live or later on, but Trulieve did it on the first day, GTI only submitted theirs today.

Cool_Ad_5101

Absolutely and the crooked DEA slow played it to try and kill it from happening. 

TouristResident1976

Used helicopters. Was only shot down by the DEA once time.

Imaginary_Rooster622

I wonder if it's first come, first served. Imagine a top tier mso getting DEA approved then applying and receiving uplisting before their peers. That would be wild

No_Love_Gained

Think DEA has upto 6 months to approve these applications, so we will them approvals trickling through summer

Imaginary_Rooster622

I can only hope that at the speed this seems to be taking on. The DEA would be issuing Federal compliance licenses before too long. Would a federal license be enough to give the exchanges clarity that they're not breaking any laws by Uplisting these companies? We'll see

Rancisv2

Yes, he did. https://youtu.be/DEA2sCE2CJs

UsedState7381

The DEA has classified HHC(Synthetic hemp) as a schedule 1 substance now. https://x.com/i/status/2050211179511898126

No_Love_Gained

This is not fully accurate and sounds biased or at least not balanced. While they are factually accurate in saying that there is nothing out there that meets the current criteria, but they fail to explicitly mention state approved MSO carve out and the proposed DEA application and approval process. It also excludes the a major boost that this provides (280e elimination at least for medical) but instead solely focusses on DEI and equity bits as a major impact (which I get equally important but they've alsoebbeen the reasons why there's no movement whatsoever in this space).

Tiaan

DEA seems to be fully on board with medical S3 and have placed updates on the ongoing process for full rescheduling front and center alongside the medical cannabis dispensary registration portal on their homepage. Remember that DEA will be the proponent of the rule in these upcoming ALJ hearings, just like the previous ALJ hearings. Difference this time is that they'll be coming into it with medical already being S3

UsedState7381

Trulieve has just announced that it has filled the applications to register as a State Licensed medical cannabis business, for the DEA. https://x.com/i/status/2049575814191071451 We are seeing a little bit of volume with this right now, but not enough to change the current bearish trend.

BoJo_Nose6969

little nugget here - the DEA application/registration process does explicitly say that state licensed medical cannabis operators are permitted to operate legally while the application with DEA is under review. i find this to be material to me because it is a green light federally.

King_Chron

The SunStream joint venture contributed a profit and higher other comprehensive income, lifting the investment segment * **SunStream restructuring progress**: As U.S. cannabis rescheduling gains momentum, the restructuring of the Parallel and Skymint investments continues to advance toward completion, with only a limited number of remaining requirements outstanding. * As of March 31, 2026, the Company has deployed capital to a portfolio of cannabis-related investments with a carrying value of $410.1 million, including $395.4 million to SunStream Bancorp Inc. (“**SunStream**”). This carrying value was increased by $12.5 million during the first quarter of 2026, primarily due to an increase in the USD to CAD exchange rate from 1.3706 on December 31, 2025 to 1.3939 on March 31, 2026. * The previously disclosed restructuring process relating to Skymint continues. On April 1, 2026, the Michigan Supreme Court has agreed to hear oral argument on applications for leave to appeal. The Court has not reached a decision on the merits. Timing and outcomes remain uncertain and are subject to court process and other factors. * The previously disclosed restructuring process relating to Parallel continues. On February 4, 2025, the Florida Department of Health approved the transfer of Parallel’s license, representing an important milestone in completing Parallel’s restructuring process. In December 2025, a settlement was reached resolving the final remaining litigation, and SNDL currently expects the strict foreclosure process to close in Q3 2026, subject to completion of remaining steps, satisfaction of applicable conditions, and any required approvals. * The investment portfolio generated a positive operating income of $2.0 million in the first quarter of 2026, primarily driven by interests earned from our cash accounts. * On April 23, 2026, the DOJ and DEA issued an order placing FDA-approved cannabis products and state-regulated medical cannabis in Schedule III, while launching an expedited process to reschedule all cannabis from Schedule I. This move is expected to eliminate 280E tax burdens, expand research, improve regulation, and enhance access to capital, strengthening the industry outlook, with direct relevance to SNDL given its exposure to core US medical markets through its SunStream credit exposure.

SuzyCreamcheezies

This is exactly what I am thinking. However, I'm unclear on whether LPs (or any non-MSO) would be able to register with the DEA if they do not have an existing state-medical license.

UsedState7381

I wouldn't be surprised at all if Trulieve ends up being the first to get registered by the DEA and allowed to uplist, given Kim's connections with the WH. And she has earned that tbh. At the same time, I think this is just the ETF repositioning with a much stronger TCNNF bias now, look at that Curaleaf dump. I don't know, but I think we will be discovering soon.

Apprehensive_Low_66

Probably will see LP’s apply for DEA permits to ship from GMP facilities and likely to see mso’s apply for export permits too. Maybe details will come out in next few weeks

BoJo_Nose6969

Just listened to Pablo Zuanic with Charlie Bachtell fireside chat from today.  It's pretty clear that medical cannabis is federally legalizes pursuant to registration with DEA and compliance with the state medical cannabis program.  As of April 22 it's legal, there's no ambiguity here.

SuzyCreamcheezies

An interesting little detail I found while browsing a [law firm's post](https://www.sheppard.com/insights/blogs/dojs-april-2026-cannabis-order-what-it-does-and-what-it-does-not-do) on schedule 3. "This order amends 21 CFR 1312.30 to add FDA-approved marijuana products and state-licensed medical marijuana to the list of nonnarcotic Schedule III through V controlled substances subject to the import and export permit requirement. DEA-registered operators will be eligible to apply for import and export permits, opening access to international markets for the first time." Who thinks we see MSOs applying for international export permits (and retooling for GMP certification)? And LPs applying to import from their Canadian facilities? Something to watch.

Blowoutgamesnj

Could anyone clarify how Canadian LPs would sell medical cannabis in the US under this order? Would they need to apply for a DEA import permit?

RandomGenerator_1

"Lots of questions, no answers yet." "Wish I had more confidence in how the hearings will play out. I wouldn't bank on it." " I would hesitate to try and predict any sort of timeline as to when the hearings will be concluded, or when the judge issues a decision and final order" - Dorment Commerce Clause conflict will be a huge one (interstate commerce) - lots of states don't have medical yet and will be too late to apply with the DEA obviously - concern about no more incentives to push for recreational (impacts the arrest rates and such), and that states will look to expand their medical programs to let everyone in. Which leads to a political and legal problem of misusing the medical framework. You the open yourself up to a lot of lawsuits - to be seen how the logisitics will actually pan out. For example the DEA being the monopolized owner and bottleneck of all cannabis purchases and reselling. With having access to facilities for inspections. - DEA licensed pharmacies may be able to now sell/dispense state legal medical marijuana - if a public health or safety issue arises due to this new scheme, FDA can start to enforce a lot stronger on multiple fronts - the DEA will select the interested parties for the hearings by June 22th - timeline: if everything goes as planned you can expext a final rule by the end of the year - a lot will depend on who the participants will be in the hearing It feels...fragile?

crunchsoop

Why do companies need to apply for "the protections" of rescheduling with the DEA? They about to crack down on weed?

Kbarbs4421

Agreed. I get that this doesn't legalize cannabis outright. Neither will the upcoming rescheduling process, assuming it lands at SIII. But on medical product, it's now SIII. And SIII can be legally sold by DEA registered operators through fed authorized channels (not yet clearly defined; state markets, I assume?). How is that not a legal product? Very open to anyone that can explain what I'm missing here, because I'm clearly not see wha Swordfish, creamcheezies, etc are saying.

Bobbe22

Just a reminder for everyone, they made marijuana illegal originally by imposing a stamp tax on it, and then simply didn’t hand out any stamps. If I know the DEA as well as I think I do, I expect something very similar.

Mattagascar

Source being a high times article? Lmao ok Not looking to debate further here but citing the limited marijuana research program as old as a hidden trick for the DEA takeover and/or taxation of weed, of which no legitimate news agency or government authority is reporting on or proclaiming, and is in fact contrary to (if not the antithesis of) the final order last week, isn’t compelling. But by all means don’t legitimize and best of luck to you!

NativeVeteranLLC

Based on what, your opinion? Ill leave you a source "One provision in particular has sparked early debate: a requirement that the DEA purchase and then resell state-legal medical cannabis at a nominal price to satisfy the United States’ obligations under the Single Convention on Narcotic Drugs, an international treaty on drug enforcement." Source:https://hightimes.com/news/politics/hidden-in-the-rescheduling-order-could-the-dea-become-the-nations-biggest-weed-dealer/

Mattagascar

This is unrelated to the DEA registration process. DEA is not going to collect any per lb fee here.

AverageNo130

>DEA Medical Marijuana Dispensary Portal Opening April 29, Annual Application Fee Set at $794... MH

donat3ll0

I don't mean to and that's fair to call out. But your OP is framing this as: - Democrats chose not to act - Republicans are choosing to act now - Therefore Republicans are more aligned with legalization or reform That is more about persuasian than accuracy. It is a formal process that runs through the DEA and HHS. The president can direct priorities, but it's not a flip of a switch. Biden's review in 2023 to HHS is one of the steps that make rescheduling possible. It mostly just sounds like you're making a case to give a pass to a fascist administration headed by an adjudicated rapist and alleged pedo. Just because he's doing something performative that you assume was super simple to accomplish before.

UsedState7381

Because the DEA was never on our side and neither was the DOJ when Scam Bondi was in charge.

KAI5ER

Whats crazy is it took the president himself to callout the DEA in front of the nation for them to get in line.

UsedState7381

We will know more by tomorrow, but the process is moving fast now, by the DEA standards.

samcrut

Gotta walk the fine line of doing something the whole country actually wants while giving the DEA and prison system a pay cut from losing a large portion of their arrest/fine income.

Kbarbs4421

I'm honestly not trying to argue in circles with you. But I'm still not convinced my read of this is wrong. The Final Order issued last week moved state licensed med cannabis to Schedule III. Odd bifurcation, yes. But still, that is immediately binding as far as I understand it. Which means medical cannabis distributed through federally approved channels and sold by a state licensed operator that is properly registered with the DEA would be legal. The upcoming rulemaking process for cannabis ***writ large*** is not essential to med rescheduling. It could stall or fail and the med reschedule would survive. Again, my understanding; not some deep legal analysis. Very much open to being proven wrong. I'm just trying to unravel the rats nest here.

areyouhighson

Biden got the ball rolling and the DEA stalled the process, and was taken to court multiple times, and continues to stall.

NativeVeteranLLC

As a commercial medical only licensed grow/processor in the state of Oklahoma, this does more harm then good business wise. Any money saved on taxes goes straight to the DEA. An extra 4k just to apply and a fee of $113 for every 1000 grams sold. Plus additional fees for GMP certification and FDA approval. This is just funneling the money from the IRS to the DEA and FDA. This will eliminate more businesses then it will help. Don't expect it to pump your bags

RandomGenerator_1

Registered state licensees will be subject to several operational requirements, though many are designed to minimize regulatory burden by leveraging existing state compliance infrastructure. State-required records, reports, and forms will be accepted to the maximum extent permissible. State-authorized medical marijuana certifications will be sufficient for dispensing purposes, provided they meet certain minimum criteria, including the patient’s name and address and the issuing practitioner’s information. Registrants may also rely on state-law labeling, packaging, disposal, and physical-security requirements in lieu of federal requirements, subject to inclusion of a statutory warning label. Manufacturers, however, should be aware of a unique compliance obligation related to the Single Convention: all registered manufacturers must establish a nominal price for the purchase of their marijuana crops, and the DEA will execute a purchase-and-resale transaction at that price (plus an administrative fee) to satisfy the Convention’s requirement that a government agency serve as the exclusive purchaser of cannabis production. Manufacturers must store crops in a DEA-accessible facility until this transaction is complete. https://www.foley.com/insights/publications/2026/04/dea-issues-long-awaited-final-order-rescheduling-certain-marijuana-products-to-schedule-iii-what-it-means-what-it-doesnt-and-what-comes-next/

Imaginary_Rooster622

Good morning one and all. I did a little recap this morning on where I think we are. FEEL FREE to ADD YOUR TAKE * Medical cannabis is now S3 and 280E is gone from it ( April 23 ) * AU cannabis remains an S1 + 280E tax * Licensed medical cannabis companies have 60 days to apply for a DEA license. If approved they will receive a federal license * The ALJ will resume on June 29th and run no later than July 15th where it will be determined if all cannabis should be moved to S3 My takeaway: It will be 2 1/2 months from the Final Order ( April 23 ) and the end of the ALJ hearing ( July 15th ) State licensed medical cannabis companies have 2 months to apply for DEA license With less than 3 months from start to finish. I believe that smaller private hedge funds will start front running the larger banks/brokers who may not be able to buy stocks for compliance reasons If/ When DEA license approved ( I BELIEVE) these companies can apply to list on US exchanges because they would be federally registered and federally approved companies What are your thoughts 💭

Kbarbs4421

> This week was a “quick fix” that legitimized state-level medical (DEA registration) Exactly, so state level med is now legal as ling as the operator is properly registered with the DEA. You keep saying that's not true. That's med is still illegal. I'm not understanding why?

Thumbszilla

Not enough people are talking about the fact that MSO's are immediately applying for a license from the DEA under the new S3 announcement last week. Once they're approved in short order they're officially "legal" in they eyes of the federal government. That means uplisting can happen SOON. There's no way that's accidental... they totally planned that. Prepare for the American MSO's to go sky high... the Canadian ones are already listed.

SuzyCreamcheezies

This week was a “quick fix” that legitimized state-level medical (DEA registration), but the government still needs to go through the legal proceedings to legalize federally. This was a stop gap to make some headlines while they start hearings for federal rescheduling on June 29.

SuzyCreamcheezies

I could see the exchanges objecting because it’s still federally illegal. But who knows, maybe companies registering with the DEA will be enough to soften their stance? I could also see them waiting until after the summer hearings before they consider any changes. Just my opinion.

Kbarbs4421

> Their NASDAQ listing would be the current hold up. The reclassification this week was recognizing state-level only with some federal (DEA) oversight, but I believe cannabis is still fully illegal at the federal level. NASDAQ could choose to relax their rules based on the current state-reclassification, but that hasn't happened yet. With the reschedule action taken last week on med, on what basis would the exchange object? Assuming of course that the fast track fed approval for state licensed operators is successfully complete.

SuzyCreamcheezies

Their NASDAQ listing would be the current hold up. The reclassification this week was recognizing state-level only with some federal (DEA) oversight, but I believe cannabis is still fully illegal at the federal level. NASDAQ could choose to relax their rules based on the current state-reclassification, but that hasn't happened yet. I think the June 29 hearing is set to address broader reclassification at the federal level (still schedule 3 though). Presumably this would alleviate much of the risk for NASDAQ/NYSE, but we will see how it shakes out.

CatGuano

In 2016 congress passed the Ensuring Patient Access and Effective Drug Enforcement Act of 2016 which prevented the DEA from busting opiate pill mills. It was a bipartisan effort that destroyed a generation. Now they say this new law is to "protect the children." More like protect their corporate masters.

michkennedy

Immediately - medical state-legal cannabis products are considered Schedule 3 and DEA applications for the cannabis companies will be fast-tracked to confirm legal status.

LandStander420

So hear me out Medical cannabis is legal The Federal Government determines what can be sold in Pharmacies through the DEA & HHS So CVS Texas, South Carolina, Indiana, basically ALL U.S states can now sell medical cannabis Am I technically correct?

AverageNo130

\-May 20-24 — deadline to submit intention to participate in hearing \-May 26 — Charlotte's Web shareholder vote on BAT conversion \-June 29 — DEA rescheduling hearing begins \-July 15 — hearing concludes \-Shortly after — formal rescheduling decision expected