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Apr 22Liked by Marc Hauser

Hi Mark. Eaze delivery driver, been reading your musings for a while.

I believe you’ve said before that, if it happens, to expect DEA’s rescheduling decision at the start of summer- as federal agencies like to wrap up work by then in an election year. That makes sense. And politically, it seems to intuitive that Biden could embrace cannabis legalization and “evolve” on the issue for his general election pivot, a la Obama vis a vis same sex marriage in 2012.

At the same time, I’d imagine there are institutionalist hardliners inside the DEA who want nothing to do with the policy change and would like to gum up any decision until after the election.

What do you think is the most likely outcome or forecast for rescheduling? How likely do you think it is to come at the start of summer or before the election? Thank you.

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Austin, thanks for the comment and being a reader!

I honestly don't recall saying to expect a decision by summer, and if I did, you should ignore anything guess that I or anyone else makes about timing. Because no one knows except for maybe a handful of people at the DEA.

We can all rationalize timing, but I've also said before that logic and reasoning don't guide cannabis policy. If it really did, we'd have legalized, federally-regulated cannabis right now. So, even though there is a certain logic to Biden getting to announce as the campaign heats up (even though no one outside of the industry will really understand what Schedule III means/doesn't), I wouldn't place any bets on that actually being the timing, because it could also be two years from now, or never.

Sorry if that's an overwhelmingly unsatisfying response.

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