February 6 2025,

THE BIG IDEA

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Happy Friday! Let’s get to it.

In the newsletter:

  • Rescheduling stalls as industry woos Trump

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Alex

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Rescheduling stalls as industry woos Trump

Trump’s administration is not shaping up to be as 420-friendly as many in the industry had hoped.

Law360 veteran cannabiz journo Sam Reisman writes: 

“The cannabis legal and business world was divided after a U.S. Drug Enforcement Administration judge hit pause on widely anticipated and historic public hearings on the merits of a proposal to loosen federal restrictions on marijuana.

“While some participants and observers cited allegations of interference and bias on the part of the DEA as justification for a postponement and interlocutory appeal, other stakeholders said the delay would serve only to keep marijuana in the most strictly controlled tier of the Controlled Substances Act.”

In another setback for the industry, Health and Human Services nominee Robert F. Kennedy Jr., seen by the industry as an ally, said he would defer to the DEA on rescheduling, despite his repeated previous calls for legalization.
Marijuana Moment

Even so, the industry is trying to woo the President.

Separately, lawyer turned consultant Marc Hauser writes that federal appellate courts “still don’t really like,” you know what.

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