Beyond Rescheduling: Who Keeps the “$1.6 Billion” in 280E Relief — the U.S. Treasury or Large Operators?

Rescheduling won’t settle 280E — the unpublished IRS guidance will. Who keeps the disputed $1.6 billion, why prior-year refunds carry real risk, and what California operators should weigh before filing anything.
The April 22 Rescheduling Order: What We Know, What We Don’t, and What to Watch Before June 29

The April 22, 2026 rescheduling order moves state-licensed medical marijuana to Schedule III — but leaves adult-use cannabis in Schedule I, creates contested treaty-compliance mechanisms, and opens a June 27 DEA registration deadline that demands immediate attention from California dual A/M operators. Here is what we know, what remains genuinely uncertain, and what to watch before June 29.