TWICL ( May 1, 2026) - Cannabis Rescheduling: What We Still Don't Know

It's been one week since cannabis rescheduling to Schedule III was announced — and the questions keep multiplying. Jay Rosenthal, Marc Hauser, and Ben Larson unpack the real-world implications for operators, lawyers, accountants, and states navigating this seismic shift.In this episode:The DEA registration question: does it matter for 280E relief?The "Schrödinger's Cannabis" problem — how the same product can be Schedule I and Schedule III simultaneouslyState-level ripple effects: South Carolina, Nevada, Indiana, Texas, and moreThe 60-day application window and what it means (or doesn't)Congressional pushback: an appropriations bill that could defund rescheduling?Political dynamics: Trump, Kim Rivers, and the hemp connection4/20 data: pre-rolls dominate, infused pre-rolls surge nationallyPlus clips from Mike Feldman (NABIS General Counsel) and Rick Bashkoff (Lit Alerts) on what rescheduling means operationally and at retail.Hosts:Jay Rosenthal, CultivatedMarc Hauser, Cannabis MusingsBen Larson, High SpiritsStreamed live May 1, 2026Join us every Friday at 12PM ET / 9AM PT🔔 Subscribe for weekly cannabis industry analysis, news, and live conversations.Have a question for us? Send us a text. We may answer it in the next show!--High Spirits is brought to you by Vertosa and Wolf Meyer.Your hosts are Ben Larson and AnnaRae Grabstein.Follow High Spirits on LinkedIn. We'd love to hear your thoughts. Who would you like to see on the show? What topics would you like to have us cover? Visit our website www.highspiritspod.com and listen to all of our past shows.THANK YOU to our audience. Your engagement encourages us to keep bringing you these thought-provoking conversations. Remember to always stay curious, stay informed, and most importantly, keep your spirits high.