In this special episode of The Cole Memo, Cole breaks down breaking news on both the federal and state levels. At the federal level, President Trump has confirmed that his administration is “looking at” rescheduling marijuana, with a decision expected within the next few weeks. We review his comments, the political and industry reactions, and what rescheduling could mean for research, the cannabis industry, and 280E tax burdens.
Meanwhile, in Illinois, the state has opened applications for the third round of its Cannabis Social Equity Loan Program, offering financial support to eligible licensees. Cole shares details on how to apply, resources for applicants, and more. Join the conversation as we explore what could be one of the most significant moments in cannabis policy in recent years.
- Watch the episode on Youtube here
- Stream the episode on Soundcloud here
- Stream the episode on Spotify here
- Stream the episode on Apple Podcast here
- Stream the episode on X here
Links mentioned during show
- Report: Trump Told Private Donors He Is Considering Rescheduling Cannabis
- Exclusive: President Trump is considering reclassifying marijuana as a less dangerous drug, after pot companies have poured millions of dollars into Trump’s political groups
- Video of Trump responding to Press: https://x.com/thecolememo/status/1954929029326295049
- Cannabis stocks rally on Wall Street Journal report that Trump is weighing drug reclassification
- SAM’s response: https://x.com/thecolememo/status/1954963667197497549
- Loan Applications for all cannabis social equity licensees to open Aug. 11
The Cole Memo 
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