The judge in the DEA’s marijuana rescheduling hearing has ordered the agency to respond to opponents’ bid to reopen the case, and Eric Berlin of Dentons returns to the Trade to Black podcast, presented by Flowhub, to break it down.
Hosts Shadd Dales and Anthony Varrell cover Chief Administrative Law Judge Derek Julius’s order, which gives the DEA until October 21 to answer a motion for limited discovery and testimony, capped at 10 pages. Opponents, including NDASA, DUID Victim Voices and Dr. Kenneth Finn, want more briefing, document requests and testimony, while the DEA opposes additional briefing.
The stay remains in place, and the judge reserved ruling on whether to admit the Government Accountability Office report. Berlin explains what the order signals and what it could mean for the timeline to a recommendation.
In segment two, Anthony Coniglio, CEO of NewLake Capital Partners (OTCQX: NLCP), joins the show to look past the hearing. If the judge eventually issues a favorable recommendation, could it spark a rally across cannabis stocks?
Coniglio examines why a positive ruling is only one piece of the puzzle, including what rescheduling actually means in practice, how it will be structured, and what framework comes after. He also looks at the pending federal hemp THC restrictions and the updates the industry still needs from the IRS, including guidance on Section 280E.
The judge has not ruled on the GAO report or the reopening motion, and the discussion treats any rally as a possibility, not a certainty.
00:00:00 DEA response and October 21 deadline
00:05:12 Eric Berlin on the hearing delay
00:11:07 The two part test and discovery request
00:17:17 What the GAO report means for the case
00:23:22 Rescheduling timeline and appeal concerns
00:38:01 Investor outlook with Anthony Cogniglio
00:41:43 Regulatory uncertainty and 280E tax timing
00:49:11 Hemp regulation and market impact
00:58:35 Cannabis financing and real estate needs
01:04:01 Investing, risk, and patience
01:10:18 Consumer poll on lab tested products
01:13:28 Massachusetts Question 8 and closing discussion
#ALJ #ALJHearing #CannabisRescheduling #Cannabis #CannabisNews #DEA #CannabisStocks #Marijuana #CannabisIndustry #Trump #TrumpAdministration
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