Marijuana Rescheduling in Washington

Marijuana Rescheduling in Washington

From Votes & Verdicts by Bloomberg

June 12, 2026 · 39 min

About this episode

The episode discusses the implications of the Trump administration's rescheduling of medical cannabis and its potential effects on the industry.

What are the impacts of the Trump administration’s rescheduling of state-licensed medical cannabis to Schedule III from Schedule I? Could federal rescheduling extend to recreational marijuana later this year? If so, how should companies, firms and operators prepare for a world where significant tax relief and growth opportunities emerge? Would Congress face pressure to consider a federal tax on the budding sector if broader cannabis reform is in the cards? Foley Hoag Partner Jeffrey Schultz joins Bloomberg Intelligence’s Nathan Dean and Holly Froum on this episode of the Votes and Verdicts podcast to discuss these and other questions facing the industry. See omnystudio.com/listener for privacy information.

People in this episode

Hosts: Nathan Dean, Holly Froum

Guest: Jeffrey Schultz

Topics covered

  • marijuana rescheduling
  • medical cannabis
  • federal tax
  • cannabis reform
  • business opportunities
  • Trump administration

Keywords

  • marijuana
  • cannabis
  • Schedule III
  • Schedule I
  • federal rescheduling
  • tax relief
  • growth opportunities
  • Congress
  • recreational marijuana

Mentioned in this episode

Organizations: Trump administration, Foley Hoag, Bloomberg Intelligence

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