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Cannabis businesses intervene in anti-rescheduling lawsuit (Newsletter: July 2, 2026)

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Two medical cannabis companies filed a motion to intervene in ongoing lawsuits challenging the Trump administration’s marijuana rescheduling move—saying they will “suffer direct economic, regulatory and operational harm” if the litigation succeeds in blocking reform.

Reps. Morgan Luttrell (R-TX), Lou Correa (D-CA), Jack Bergman (R-MI) and Michael McCaul (R-TX) filed a new bill—called the IBOGAINE Act—that’s intended to codify President Donald Trump’s psychedelics executive order into law

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