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Ascend Wellness files with DEA to register medical cannabis operations under new Schedule III rules.

Market News
30 Jun 2026
PRNewsWire
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Bullish
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Ascend Wellness Holdings has applied to the U.S. DEA to register its state-licensed medical cannabis operations through an expedited process following the rescheduling of medical marijuana to Schedule III. This move aims to normalize medical cannabis use and could pave the way for broader industry reforms, including potential adult-use cannabis rescheduling. Ascend operates 51 retail locations across seven states and manages cultivation and manufacturing facilities, positioning it well for future regulatory changes. The company remains optimistic about the economic and regulatory benefits these reforms could bring.

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