Archive
DEA’s April 28, 2026 final rule did not move every marijuana business into Schedule III. The tax consequence turns on whether the operator’s activity is within the rule’s state-medical-marijuana category, while adult-use and other unlicensed marijuana remain Schedule I.
Illinois enacted SB 3222 as Public Act 104-0463. Operators should implement it as a cross-functional change program covering the new Hemp Act, CRTA amendments, possession limits, product classification, and transition dates.
The six Illinois cannabis license categories after the May 1, 2026 rule amendments: what each authorizes, which agency regulates it, siting and ownership limits, and the approvals needed to change.
Missouri cannabis licensing under Article XIV: facility types, ownership caps, microbusiness eligibility and supply limits, local voter bans, the 1,000-foot rule, commencement inspections, and 2026 rule changes.
How §280E applies to adult-use and other Schedule I cannabis businesses: the statute, cost of goods sold, the Harborside and CHAMP decisions, and Illinois and Missouri subtractions.
What the April 28, 2026 Schedule III rule did and did not change for cannabis banking, why FinCEN’s 2014 guidance still frames bank diligence, and the records an Illinois or Missouri operator should keep ready.
Which cannabis ownership, control, financing, and management changes need approval first in Illinois and Missouri, what Missouri’s October 2026 proposal would change, and how DEA registration rules affect deals.
Federal law applies the new hemp definition to non-naturally-producible cannabinoids on November 12, 2026 and the rest on December 11. Illinois enforces its own Act on November 12.
Missouri’s HB 2641 treats hemp-derived cannabinoid products as marijuana. Four product categories move on November 12, 2026, and the rest are tied to the delayed federal hemp schedule.
DEA’s April 28, 2026 rule moved state medical marijuana to Schedule III. What it means for §280E, what it leaves to Treasury and the IRS, and the records a post-rule tax position needs.