US Marijuana Reclassification 

Virginia Judge Blocks Redistricting Result 

Guest Host: John Gerardi   

The U.S. is expected to reclassify marijuana from Schedule I to Schedule III, a move that could significantly benefit legal cannabis companies. Reclassification would allow marijuana businesses to deduct normal operating expenses, ending a major tax burden under IRS Section 280E, and could make it easier to access banking, loans, and institutional investment. Industry analysts say the shift could also spur mergers, attract new capital, and accelerate medical research, reshaping the cannabis market even though marijuana would remain illegal at the federal level.

A Virginia circuit court judge issued an order blocking the results of a congressional redistricting referendum that could net Democrats four extra seats in the U.S. House of Representatives in 2026.

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Guest Host: John Gerardi &nbsp;&nbsp;
The U.S. is expected to reclassify marijuana from Schedule I to Schedule III, a move that could significantly benefit legal cannabis companies. Reclassification would allow marijuana businesses to deduct normal operating expenses, ending a major tax burden under IRS Section 280E, and could make it easier to access banking, loans, and institutional investment. Industry analysts say the shift could also spur mergers, attract new capital, and accelerate medical research, reshaping the cannabis market even though marijuana would remain illegal at the federal level.
A Virginia circuit court judge issued an order blocking the results of a congressional redistricting referendum that could net Democrats four extra seats in the U.S. House of Representatives in 2026.
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Philip Teresi - Live, Local, and Original: Weekdays from 2:00 to 6:00PM on Central California's News/Talk 580 and 105.9 KMJ - Always Online at kmjnow.com 

Philip Teresi - Live, Local, and Original: Weekdays from 2:00 to 6:00PM on Central California's News/Talk 580 and 105.9 KMJ - Always Online at <a href="https://www.kmjnow.com/">kmjnow.com&nbsp;</a>

Philip Teresi

Philip Teresi - Live, Local, and Original: Weekdays from 2:00 to 6:00PM on Central California's News/Talk 580 and 105.9 KMJ. Politically independent, socially awkward, and fashionably late.

Philip Teresi - Live, Local, and Original: Weekdays from 2:00 to 6:00PM on Central California's News/Talk 580 and 105.9 KMJ. Politically independent, socially awkward, and fashionably late.