Trump reschedules MED – Newsletter 4/24/26

THE BIG IDEA

Hi all,

Big news today. Let’s get to it.

Alex

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FROM WEEDWEEK:

Trump reschedules MED, with mixed signals on 280E

President Donald Trump’s threw a surprise into today’s hotly anticipated cannabis reform announcement by rescheduling state licensed MED, while deferring a decision on rescheduling REC to a DEA process later this year.

Which MSO stands to benefit?

Also in WeedWeek:

• Newsbrief: Colorado bill takes aim at lab fraud

QUICK HITS

Federal:

• Trump admin reschedules.
  Washington Post
• Trump also signed an order to accelerate research into the medical value of psychedelics.
  AP

Business:

• MJBiz asks how rescheduling affects companies.
• Emerald Intel chief economist Ed Keating shared some data pertaining to rescheduling.
• Here’s a “rescheduling cheat sheet” from lawyer Steve Schain.

State and local:

• Virginia lawmakers rejected Gov. Abigail Spanberger’s proposed delay to REC sales, raising questions about whether she’ll approve or veto the bill.
  CBS
• Colorado could legalize hemp beverages in bars and restaurants.
• Illinois distributed $32M in forgivable loans to struggling equity licensees.
  Chicago Tribune
• A paper from UNLV’s cannabis policy institute discusses the “1,500 foot wall” between gaming and weed.
• Fox reports on the impact of Ohio’s new stricter REC law.
• Delaware’s equity program is the latest to be “hijacked by predatory investors.“
  MJBiz

Health and science:

• A UC San Diego study confirmed that youth use can negatively affect cognition.
  East Bay Times

International:

• The U.K. is banning tobacco sales to those born after 2009.

Fun and interesting:

• A new documentary promises @therealogkushstory.
• Infused Shabbat dinners are bringing New Yorkers together.
  NY Post

CALIFORNIA HITS

Business:

• How two engineers built distributor Nabis into a “$1B behemoth.”
  SFGate
• The Artist Tree co-founder and chief compliance officer Lauren Fontein explains why the retailer pursued state green certification.
• Co-owners of West Hollywood dispensary and lounge The Woods, Bill Maher and Woody Harrelson griped about California pot taxes.
  Breitbart

Local:

• Berkeley started a program to curb youth use. It fell short but the contractors got paid.
  SF Chronicle
• La Mesa (San Diego Co.) will allow shops to identify themselves in signage.
• Cannabis cafes could soon open in San Francisco.
  CBS
• A $1M grant to Cal Poly Humboldt will support research into lowering the environmental impact of cultivation.
• Oakland created the country’s first certification mark to recognize products from equity businesses.
  High Times