The Cole Memo

#244 - Talking Cannabis Rescheduling With Its Harshest Critics


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On December 17, as fresh reports suggested cannabis could be rescheduled any day, I sat down with Jordan Davidson, government affairs director at Smart Approaches to Marijuana (SAM), to hear the case against moving cannabis from Schedule I to Schedule III. We revisit how the rescheduling process started, review President Trump’s recent comments, and dig into SAM’s core concerns, including 280E tax implications, messaging to young people, public safety, and what rescheduling does and does not change. We also get into a brief debate around DOT testing and “safety carveouts,” plus a broader question that has been on my mind: if cannabis companies want wider access and expansion, why did so many either support a hemp ban or stay quiet as it moved forward? Watch video version and read full show notes here: https://thecolememo.com/2025/12/17/e244/
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The Cole MemoBy Cole Preston

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