Alongside the April order, the DEA opened an expedited administrative hearing on moving all marijuana from Schedule I to Schedule III. That hearing began June 29, 2026.
At the same time, a federal appeals court is weighing legal challenges to the April order itself. Critics argue it created a hybrid category Congress never authorized.
For businesses, investors, and researchers, that means real uncertainty about how far rescheduling will go and how fast.
We'll track this one closely. A full move to Schedule III would be the biggest federal cannabis change in more than 50 years.