This is a line-in-the-sand moment for legal cannabis.

In this episode of Higher Exchanges, Jesse Redmond and Morgan Paxhia break down the Schedule III announcement alongside policy expert Hirsh Jain and capital markets veteran Scott Grossman. We unpack what just happened, why it matters, and what could come next for cannabis policy and markets.

We cover:
 • A clear overview of the Schedule III news and first reactions
 • What changes on the policy side — including CBD and Medicare implications, and potential state and federal follow-ons
 • What this means for capital markets — institutions, uplisting potential, lending rates, and what makes a rally sustainable
 • A forward-looking close: what each of us is most excited about heading into 2026

This is the most significant policy development for cannabis since Colorado legali