The Cole Memo

Conversations for Change

Episode 244 – Talking Cannabis Rescheduling With Its Harshest Critics

On December 17, as fresh reports suggested cannabis could be rescheduled any day, I sat down with Jordan Davidson, government affairs director at Smart Approaches to Marijuana (SAM), to hear the case against moving cannabis from Schedule I to Schedule III. We revisit how the rescheduling process started, review President Trump’s recent comments, and dig into SAM’s core concerns, including 280E tax implications, messaging to young people, public safety, and what rescheduling does and does not change.

We also get into a brief debate around DOT testing and “safety carveouts,” plus a broader question that has been on my mind: if cannabis companies want wider access and expansion, why did so many either support a hemp ban or stay quiet as it moved forward?

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Cole Preston

2 responses to “Episode 244 – Talking Cannabis Rescheduling With Its Harshest Critics”

  1. Kraig Hogenson Avatar
    Kraig Hogenson

    Jordan is 100% wrong on his assessment regardiing the” tax breaks ” that plant touching businesses will get under Schedule 3. All of these companies will simply be under the same tax structure that every other legal american business is subject to.

    These plant touching companies will stop getting fleeced by the IRS because of the 280E rule they are being held to currently.

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    1. Cole Preston Avatar
      Cole Preston

      Thank you for commenting. What you say lines up with what I’ve heard for others. Thanks for tuning in!

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