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President Donald Trump ushered in the most momentous shift in federal marijuana policy since 1970 with an executive order directing federal law to be changed to recognize cannabis as a less dangerous drug and acknowledge for the first time its medical benefits.
Operators: Schedule 3 is a real path to 280E relief and better margins, but it still doesn't create a unified national market or fix banking, licensing or interstate commerce overnight.
Consumers: This acknowledges cannabis' medical value federally and could expand legitimate research and physician comfort over time, but it doesn't legalize recreational use or change state-by-state access right away.
Investors: Potential 280E relief could bring more capital and listings into cannabis, but timing and legal challenges still create risk.
Policymakers: The order opens the door to rulemaking, legal challenges and broader federal cannabis reform discussions.
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F A C T B O O K
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MJBizDaily is the leading resource for the cannabis industry, cited by The Wall Street Journal, Forbes and Harvard Business Review. MJBizalso produces the No. 1 cannabis business conference, MJBizCon.
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