DEA Nominee Shakes Up Cannabis Industry This Week | Trade to Black
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The headline story came from Washington, where DEA nominee Terrance Cole, selected by the Trump administration, told senators that reviewing cannabis rescheduling would be a top priority if confirmed. While Cole stopped short of supporting the move to Schedule III, his “time to move forward” comment sent cannabis stocks higher.
Shadd sat down with cannabis lobbyist Don Murphy to unpack what this means for policy momentum under Donald Trump’s potential second term.
Also this week, criminal justice advocate Weldon Angelos—who received a pardon from Trump during his first term—visited the White House to meet with new “pardon czar” Alice Johnson. The conversation centered around granting clemency to nonviolent marijuana offenders, raising hopes that cannabis-related pardons may return to Trump’s agenda.
Elsewhere, Pennsylvania inched closer to legalization, the Evidence-Based Drug Policy Act was introduced in Congress, and companies like SNDL and Cannara Biotech posted strong quarterly results.
From legislative reform to corporate earnings and clemency talks, the cannabis sector saw one of its most impactful weeks in recent memory.
#CannabisReform #CannabisIndustry #DonaldTrump #DEA #CannabisStocks #WeldonAngelos #MarijuanaLegalization #CannabisNews #ReschedulingCannabis #trumpadministration
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