Episode Details

New reporting from The Washington Post says President Donald Trump is considering an executive order that would move cannabis from Schedule I to Schedule III. Nothing has been signed. Nothing is final. But the fact that this conversation is happening — quietly, at the White House — is enough to get the industry’s attention again.A move to Schedule III wouldn’t legalize cannabis, but it would change the tone fast. 280E tax pressure eases. Banking conversations open up. Institutional eyes come back to the sector. For operators and investors, that’s not noise — that’s a potential reset.Shadd Dales and Anthony Varrell break down what’s actually been reported, what’s speculation, and why this moment feels different from the usual rescheduling chatter that pops up and disappears.Brady Cobb and Michael Bronstein are back in the mix, bringing policy context and real-world perspective. They’re joined by Hirsch Jain of Ananda Strategy and Adam Terry of CanTrip, rounding out a deep bench for a conversation that cuts across politics, capital, and execution.This isn’t about celebrating early or calling winners. It’s about reading the signals, understanding the timing, and figuring out what matters — and what doesn’t — if rescheduling really is back in focus.Packed show. Real implications.