Cannabis
May 1, 2026
Cannabis rescheduling leaves California's dually licensed operators in limbo
On April 22, the attorney general amended the Code of Federal Regulations, placing state-licensed medicinal cannabis into Schedule III--but in states like California, where 95% of retailers hold both medical and adult-use licenses, significant questions remain.
On April 22, 2026, the attorney general issued an order and amended the Code of Federal Regulations, placing two defined categories of cannabis into Schedule III: FDA-approved drug products containing marijuana and marijuana subject to a state medical marijuana license. For now, adult-use activities and the cannabis produced thereunder in states like California remain Sch...
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