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Acting AG Reschedules Medical Marijuana to Schedule III, Cuts Taxes

4/24/2026

Summary

Story summary

Acting Attorney General Todd Blanche signed an order moving state-approved medical marijuana from Schedule I to Schedule III.
The order eliminates the Section 280E tax restriction, allowing state-licensed medical marijuana businesses to deduct ordinary expenses.
The order also requires all state-licensed medical marijuana sellers to register with the Drug Enforcement Administration.
President Donald Trump urged the administration to complete the rescheduling while industry leaders called the move historic for research and business.

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Story summary

Acting Attorney General Todd Blanche signed an order moving state-approved medical marijuana from Schedule I to Schedule III.
The order eliminates the Section 280E tax restriction, allowing state-licensed medical marijuana businesses to deduct ordinary expenses.
The order also requires all state-licensed medical marijuana sellers to register with the Drug Enforcement Administration.
President Donald Trump urged the administration to complete the rescheduling while industry leaders called the move historic for research and business.