The federal government rescheduled medical marijuana from a Schedule I to a Schedule III, but what will that ultimately mean for the future of Nevada’s cannabis industry and could full federal legalization be on the horizon?

On June 29, the federal government will hold a hearing that will help decide whether all marijuana (not just medical cannabis and FDA-approved products) moves to Schedule III. Seven outside parties got a seat in the room. All seven oppose rescheduling. Not one supporter of reform made the list.

The top DEA administrative law judge will once again hear arguments for and against downgrading marijuana's status under federal law, but marijuana rescheduling is not guaranteed.

Nevada forfeits an estimated US$80 million in annual cannabis tax revenue because state regulations impose a 1,500-foot buffer between cannabis retailers and gaming venues, preventing sales in and around the Las Vegas Strip, according to a UNLV Cannabis Policy Institute report published on Thursday.

The findings emerged from the 3rd Annual Gaming & Cannabis Policy Discussion, hosted by the University of Nevada Las Vegas (UNLV) Cannabis Policy Institute and International Gaming Institute. Lawmakers and officials at the event discussed the implications of regulations that prevent the full integration of the licensed cannabis sector with the state’s established gaming industry.

At the University of Nevada Las Vegas (UNLV) Cannabis Policy Institute and International Gaming Institute’s 3rd Annual Gaming & Cannabis Policy Discussion late last month, lawmakers and officials discussed the impact of regulations that have kept the licensed marijuana industry from fully integrating with the state’s storied gaming sector.