Right now, all eyes are on Washington. Ongoing rumors suggest cannabis could soon be rescheduled from Schedule I to Schedule III — a move that would effectively end the 280E tax burden and restructure the credit profiles of major MSOs. For operators, that could mean access to lower rates, improved balance sheets, and the ability to refinance costly debt.We’ll ask Coniglio how NewLake Capital is preparing for that potential shift, what he’s seeing in the lending markets today, and whether a major refinancing cycle is already building under the surface.And then there’s the political side: after President Trump’s Truth Social post on September 28, investors are speculating whether a rescheduling decision could come sooner rather than later. Could Republicans seize this issue from Democrats — and what would that mean for cannabis capital markets?Meanwhile, in California, Governor Gavin Newsom just signed a bill to integrate intoxicating hemp products into the state’s regulated marijuana market — a move aimed at consolidating the industry and closing loopholes that allowed unregulated hemp-derived THC to compete outside dispensaries. Full breakdown in our latest livestream. #CannabisRescheduling #280ETax #TrumpCannabis #MSORefinancing #ScheduleIII #CannabisPolicy #MarijuanaNews #GavinNewsom #CannabisFinance #CannabisStocks #MarijuanaRescheduling #DonaldTrumpWant to see more Cannabis Reform videos? • Cannabis Industry: TrumpRx Signals Shift C... • Senator Ties Cannabis Rescheduling to Bank... • Trump Endorses Cannabis in Truth Social Vi... Want to be updated on Cannabis, Small Cap, AI, and Crypto? Subscribe to our Daily Baked in Newsletter!https://newsletter.thedalesreport.com...Find us as well on Facebook, Twitter, Instagram, LinkedIn and on the Web:Facebook: / thedalesreport Twitter: / thedalesreport Instagram: / dalesreport LinkedIn: / the-dales-report Apple Podcasts: https://tinyurl.com/TDRTradetoBlackon...Spotify: https://tinyurl.com/TDRTradeToBlackon...Website: https://thedalesreport.com/For copyright matters, please get in touch with us at:[email protected] Disclaimer (Financial Interests)The views and opinions expressed in this podcast are those of the hosts and guests and do not necessarily reflect the official policy or position of any company, organization, or employer. The content is provided for informational and entertainment purposes only and should not be taken as financial, investment, or legal advice.The hosts and/or guests may hold positions in the companies, stocks, or financial instruments discussed during the show. These holdings should not be considered as endorsements or recommendations to buy or sell any securities. Listeners are encouraged to do their own research or consult with a qualified financial advisor before making any investment decisions.By listening to this podcast, you agree that the hosts, guests, and producers are not liable for any decisions you make based on the information discussed.Full Disclosures: https://thedalesreport.com/website-te...