u/Afraid-Donke420

Only 32% of active US cannabis licences are medical-only, meaning 68% of operators remain entirely unaffected by last week's rescheduling order.

The move to Schedule III is a genuine legal milestone, but the practical picture is far more complex than many expected.

Of the 18,444 active medical cannabis licences across the US, operators must file for DEA registration within 60 days to qualify for expedited review. CRB Monitor analyst Paul Cheveriat calls processing all of those applications within six months 'a major feat.'

Meanwhile, the question of how multi-state operators separate medical and recreational revenues for 280E tax purposes remains entirely unresolved, with no IRS guidance yet issued.