Replay: Potential Cannabis Rescheduling And Its Implications In The Financial Sector (Video)

On February 24, 2026, a coalition of Wisconsin Democrats introduced SB 1045, which proposes to legalize and regulate cannabis in the state while at the same time imposing new rules for intoxicating hemp products.

Alexander G. Malyshev and Sarah H. Ganley examine the final order rescheduling cannabis from Schedule I to Schedule III of the Controlled Substances Act. The analysis clarifies that this rescheduling applies specifically to medical cannabis and does not constitute federal legalization of cannabis.

Yesterday afternoon, the Washington Post and other sources reported that President Trump is expected to issue an executive order directing federal agencies to reclassify marijuana...

Welcome back to The Week in Weed, your Friday look at what’s happening in the world of legalized marijuana. This week, the DEA decided to pause its consideration of adult-use marijuana rescheduling.

Virginia will ring in the New Year with renewed momentum toward adult-use cannabis sales. After years of roadblocks following the legalization of adult-use cannabis possession and home cultivation in 2021...

On April 22, 2026, a final order issued by the acting U.S. attorney general and the Drug Enforcement Administration took effect, fundamentally altering the federal regulatory landscape for marijuana.

The House has passed a short-term funding bill postponing the federal ban on hemp-derived THC products from November 12th to December 11th. With comprehensive legislation unlikely before the new deadline and competing interests from cannabis sellers, alcohol producers, and state regulators creating policy gridlock, the future of intoxicating hemp products remains uncertain as midterm elections approach.

The DEA's marijuana rescheduling hearing has been unexpectedly stayed following a motion to admit a new GAO report examining agency scheduling procedures. With the proceeding on hold and the medical marijuana Schedule III order facing legal challenges in the D.C. Circuit, the cannabis industry's path to federal tax relief through rescheduling has become increasingly uncertain.

On November 12, 2025 the President signed the Continuing Appropriations, Agriculture, Legislative Branch, Military Construction and Veterans Affairs, and Extensions Act, 2026 (H.R. 5371) into law.

The landscape surrounding Section 280E of the Internal Revenue Code continues to evolve with President Trump's Executive Order on medical marijuana rescheduling, advancing litigation in New Mexico Top Organics v. Commissioner, and shifting regulatory signals. Cannabis taxpayers face critical decisions about taking "non-280E" positions on their tax returns while the IRS maintains its enforcement stance and the U.S. Tax Court case addressing common arguments remains pending.

On October 14, 2026, the U.S. Department of Homeland Security (DHS), through U.S. Citizenship and Immigration Services (USCIS), published a proposed rule (91 FR 65119; DHS Docket No. USCIS-2026-0529) that would remove...

The Department of Homeland Security has proposed a controversial new rule requiring SEVP-certified schools to pay substantial fees—$70,000 for a student's first Optional Practical Training recommendation and $30,000 for each subsequent OPT application, including STEM extensions. With only a 30-day comment period and potential annual costs reaching up to $16.5 billion across nearly 2,500 affected institutions, the proposed regulation is expected to face significant legal challenges if finalized.

On October 23, 2026, the U.S. House Committee on Oversight and Government Reform announced an investigation into whether the three largest pharmacy benefit managers (PBMs)—CVS Caremark, Express Scripts and Optum...

On October 8, 2026, the Department of Homeland Security (DHS) published a proposed rule (Docket No. ICEB-2026-0100) requiring Student and Exchange Visitor Program-certified schools to pay...

After nearly four years of court battles, Proposition 22, aka the Protect App-Based Drivers and Services Act, has been upheld by the California Supreme Court.

The SEC has proposed sweeping amendments to expand retail investor access to private market strategies, including changes to performance-based compensation rules for registered investment advisers and modernization of the interval fund framework. The proposals also explore new credential-based pathways for individuals to qualify as accredited investors, potentially opening private offerings to a broader pool of eligible participants.

On 10 December 2025, the National Assembly officially passed the Law No. 122/2025/QH15 on E-Commerce ("Law on E-Commerce"), marking a historic shift in Vietnam's digital economy governance.

If your employees or clients are using AI tools like ChatGPT to prepare for litigation, you need to know this: A Texas court just waded into the question of whether those conversations are discoverable...

This is one of the most significant structural changes to the F, J and I visa categories in decades.

In the last 3 months visa appointment wait times in Brazil have been reduced from 50 days to 15 days in Rio de Jaeiro and to 6 days in Brasilia.