Explainers
The DEA moved state medical cannabis to Schedule III on April 22, 2026. Adult use cannabis stays Schedule I. Here is what the order actually does.
Explainers
Hemp and marijuana are the same plant. The legal difference is a single number: 0.3 percent delta-9 THC by dry weight. Here is how that line works.
280e
Section 280E bars state legal cannabis operators from deducting ordinary business expenses, driving effective federal tax rates above 70%. Here is how it works.