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April 29th, 2026 Acting Attorney General Todd Blanche has signed an order that would immediately move FDA-approved and state-legal medical cannabis to Schedule III, from the more restrictive Schedule I of the Controlled Substances Act. So what does this mean? This means that state licensed medical cannabis businesses will no longer be subject to the deduction disallowance imposed by Section 280E of the Internal Revenue Code. It also opens doors for scientists to conduct clini