Breaking
Federal cannabis rescheduling
Bob Hoban, Hoban Law Group · Last updated May 2026
On-record soundbite (1–2 sentences)
“Moving cannabis to Schedule III is the most consequential federal action since the Controlled Substances Act. It does not legalize cannabis, but it obliterates the 280E tax wall that has starved the industry of capital for a decade.”
— Robert Hoban, Hoban Law Group
Extended quote (3–4 sentences)
“Moving cannabis to Schedule III is the most consequential federal action since the Controlled Substances Act. It does not legalize cannabis, but it obliterates the 280E tax wall that has starved the industry of capital for a decade. What operators must understand is that rescheduling accelerates state-by-state reform pressure, and companies that have not structured their balance sheets for a post-280E world will be caught flat-footed. The strategic window to reorganize is narrow.”
— Robert Hoban, Hoban Law Group
Attribution
Robert Hoban, Founder and Managing Partner, Hoban Law Group. Quotes may be used in editorial coverage with this attribution line. For background briefings or custom quotes on adjacent topics, contact the press team.