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Marijuana Rescheduling Law Updates The conversation around federal marijuana rescheduling is heating up in Washington again. A proposal to move cannabis from Schedule I to Schedule III under the Controlled Substances Act could reshape the industry, medical research, and tax policy across the U.S. Key Takeaways Federal marijuana rescheduling to Schedule III is under review in 2025. Could ease research barriers and remove IRS 280E limits on standard deductions. Banking restrictions likely rem …