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Federal cannabis reclassification could bring pharmaceutical companies to Oregon’s marijuana industry

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Federal cannabis reclassification could bring pharmaceutical companies to Oregon’s marijuana industry


The Biden administration is moving to reclassify cannabis as a Schedule III drug, which would remove the plant from the “most dangerous” list and recognize that it has medical uses.

The Biden administration is working towards reclassifying cannabis as a Schedule III drug. If this is successful, cannabis will no longer be considered as one of the “most dangerous” drugs, and its medical benefits will be recognized.

Kristian Foden-Vencil / OPB

Portland attorney Amy Margolis sees the move as a way to get much-needed research on cannabis, but it could also pave the way for big pharmaceutical companies to get involved in the established industry in Oregon.

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Amy Margolis is a Portland attorney specializing in cannabis law and policy.

Amy Margolis is a Portland attorney specializing in cannabis law and policy.

Courtesy Amy Margolis

“They’re the ones who will be legally operating if they follow the final rules produced by the FDA and the standard FDA approval and sales process for pharmaceuticals,” Margolis says. “It certainly injects a concern that now we have real big pharmaceutical interests involved in the cannabis market.”

Margolis runs Margolis Legal, a Portland law firm that works with clients in the cannabis industry. She says this proposal doesn’t do what many in the industry have been advocating for; removal of cannabis from the schedule of illegal drugs entirely.

“I think it’s a remnant of the drug war, ” she says. “I think it’s kind of outdated perspectives on cannabis being a hard drug.”

Margolis spoke with OPB “All Things Considered” host Geoff Norcross:

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Geoff Norcross: Basically speaking, the Biden administration is saying they want to officially recognize that cannabis is not as dangerous as the most dangerous drugs. Isn’t that a good thing?

Amy Margolis: Theoretically, that’s a good thing. We’ve long known that cannabis is not dangerous, should be treated like alcohol, which this does not do. But in theory, yes, that’s a good thing. How it impacts the market? We’re not so sure.

Norcross: Okay, what could happen?

Margolis: So what this did is it sent over the reclassification recommendation to the FDA to essentially rule make around it. And from my perspective, and I think the perspective of many of my peers, this simply opened up a pathway for pharmaceutical companies to get involved in the cannabis industry, whether through the development and sales of pharmaceutical cannabis or through the research component.

Norcross: And what would that mean for the local market, which doesn’t have a lot of big players like the pharmaceutical industry in it?

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Margolis: Other than the DOJ, there was not too much outside interests who might care if prosecutions were happening, who might care if statewide industry is developing. I think the risk for Oregon — and this is sort of a worst-case scenario — is that pharmaceutical companies can now get involved. They’re the ones who will be legally operating if they follow the final rules produced by the FDA and the standard FDA approval and sales process for pharmaceuticals. Now you have a player beyond just the Department of Justice who could have some interest in owning that market. It certainly injects a concern that now we have real big pharmaceutical interests involved in the cannabis market. And they’re the only ones who can lawfully operate.

Norcross: One of the big problems for the cannabis industry here has been the lack of banking services or tax breaks that other businesses get. Would this move by the federal government this week change any of that?

Margolis: I think it remains to be seen. You know, the banking industry will look at this, federal regulators will look at this, and try and decide if this clears up the legality around the state licensed recreational and medical markets. And I do not believe this move by the Biden administration does that. I don’t believe it legalizes on a federal level what is currently happening in this state. And that is, aside from federal legislation, the path forward to safe banking.

Norcross: You touched on this a little bit earlier, that what the federal government could have done was to treat cannabis like it’s alcohol, and let an entirely different federal agency, the ATF, oversee its use and the regulations around it. I’m wondering if the Biden administration may have missed an opportunity to go all the way and just take it off the schedule of drugs entirely.

Margolis: I think “missed an opportunity” is how the industry will view it. I mean, the industry in Oregon and across the country has been advocating for cannabis to be declassified and not reclassified. And I think the Biden administration knows that and instead chose to go this direction. I think it’s a remnant of the drug war and I think it’s kind of outdated perspectives on cannabis being a hard drug. We’ll see if this is maybe the first step, but I’m concerned that, for the federal government, first steps can last a long time.

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Norcross: Do you see any upside for the industry here in Oregon, if cannabis is reclassified in this way?

Margolis: I do think the upside is, you know, we have in the industry been talking about research and cannabis for a long time. And this does open the door to that, which I think will be a positive, even if it’s only a financial benefit to those in the pharmaceutical industry.

Click on the audio player above to hear the whole conversation.



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CFP Semifinals Preview, Picks: What to Expect in Oregon-Indiana, Ole Miss-Miami

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CFP Semifinals Preview, Picks: What to Expect in Oregon-Indiana, Ole Miss-Miami


Two powerhouse matchups. One step away from the national championship.

After a longer wait between games in the first two rounds of the College Football Playoff, we should have two fantastic games in the semifinals, and Vegas thinks so, too.

Miami (Fla.) and Ole Miss go head-to-head fresh off their stunning upsets over Ohio State and Georgia, respectively, in the quarterfinals. Indiana and Oregon, meanwhile, will meet up in the Peach Bowl in a game that I’m really excited about.

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So, let’s dive into what I think will happen in each game, and who I have winning to advance to the national championship game. 

Fiesta Bowl: No. 10 Miami (Fla.) vs. No. 6 Ole Miss

When I first started watching film of this matchup, the first thing I thought of — and Miami fans are going to love this, because the last thing they want is me picking Miami after picking against the Hurricanes in the first two rounds — is that this Ole Miss team resembles the SMU team it lost to. 

By the way, it’s an SMU team I just spent time around during the Holiday Bowl and I had a conversation with SMU head coach Rhett Lashlee about Miami. We both talked about how dominant Miami is on the offense and defensive lines — that defensive line is excellent. But one thing SMU was able to do was utilize tempo on offense. So, a quicker tempo to try and tire those pass rushers while getting the ball on the perimeter as much in the first half as possible. Once the pass rushers got tired in the second half, it was easier for SMU to play offense and and it took advantage of that. 

Well, Ole Miss can do that. I think Trinidad Chambliss is a better quarterback than SMU’s Kevin Jennings. Ole Miss can run the ball with Kewan Lacy. The Rebels can get on the perimeter and Chambliss can create. He’s wonderful at creating. He was so good against Georgia, buying time, showing off his strong and accurate arm. 

Miami takes on Ole Miss in the Fiesta Bowl 🔥

So, at first blush, I liked Ole Miss in this game and the question for me was whether it would be able to hold up at the line of scrimmage. But that’s not the main question for me with this game. The main question of this game is who is coaching for Ole Miss? I cannot believe we’re in this situation where the head coach of a team playing in the semifinal is saying, “Well, I don’t really know what’s going on with the offensive coaching staff.” Are we kidding? What in the world is going on? In what world are we operating? 

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This is what I find so frustrating about this situation. This moment is meant to be so special for the players. It should be about Chambliss, Lacy and all these players who’ve put themselves in a position to win the national championship. Yet, they’re not being given the best possible opportunity to do that. This is not a coach’s moment.

Now, we’re talking about whether Ole Miss offensive coordinator Charlie Weis Jr. is back to game plan for the offense? I think Weis should’ve stayed at Ole Miss in the first place, but he followed Lane Kiffin to LSU and is still working with the Rebels through the CFP. Weis proved that he can call plays and that he doesn’t need to be under Kiffin in the win over Georgia. But now we’re sitting here and we don’t know what’s going on with Ole Miss’ offensive coaches. They should be there to build, implement, execute and call the game plan. It’s not just about who’s there on Thursday, it’s about who’s there the last seven or eight days. What should’ve happened in this situation was Kiffin allowing those coaches to remain in Oxford in a full capacity until the end of Ole Miss’ CFP run. 

Miami takes down Ohio State, Indiana rolls Alabama, Georgia stunned by Ole Miss & Oregon advances

Because of that, it has made me rethink what I believe will take place in this game. What I know about this game is that Miami has something that it can rely on, and it’s at the line of scrimmage on both sides. The offensive line with tackle Francis Mauigoa and the run game with running back Mark Fletcher Jr. have allowed Miami to not put quarterback Carson Beck in a position where he needs to throw the ball on third-and-long. How many times was he able to pick up a first down on a first-and-manageable? He had huge pickups with his feet, and he hasn’t needed to throw the ball 150 yards so far in this playoff. If Miami can control the tempo and line of scrimmage in this game, it’ll have a great chance to win this game.

On the flip side, it’s about corralling Chambliss if you’re Miami’s defense. If he can create, who knows how many points Ole Miss can score? This is a very good Ole Miss offense and it’s led by a quarterback who can force a lot of problems. 

What do I think is going to happen? The quickest way to be defeated is to be distracted, and Miami fans, I’m sorry to do this to you, but I’ve got to go with the Canes.

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Pick: Miami (Fla.) 30, Ole Miss 24 (Miami -3.5)

Peach Bowl: No. 5 Oregon vs. No. 1 Indiana

This is going to be one heck of a game, and we’ve already seen these two teams go head-to-head. We saw Indiana beat Oregon in Eugene in an incredible game that was tied in the fourth quarter before the Hoosiers pulled away with an incredible drive from Fernando Mendoza. 

Let me talk a little bit about Indiana. You’re here because you love this sport like I do, but there are things that can be frustrating and there’s one thing that’s frustrating with this Indiana team. There’s an overlooking of Indiana that’s happening right now across the country. The reason I know that is that Indiana’s résumé is the best résumé in all of college football, without a doubt. Indiana’s the most tested team in the country. The Hoosiers are 14-0 and have handled everybody. They have only given up more than 15 offensive points one time this year, and that was in a game on the road against Penn State. Indiana has only given up more than one touchdown in two games. This is the team that’s so sound, mistake-free and just absolutely bludgeoned Alabama.

Oregon faces Indiana in a Big Ten CFP semifinal 🔥

If you listen to some of the loudest voices, you get a sense that they think anyone can win the national championship. But if this Indiana team had any other logo, we would all be talking about whether this is the best team we’ve ever seen in college football. Yes, I know I’ve been guilty of this as well with the way I talked about Ohio State earlier this season, but no team in the history of our sport has ever gone 16-0. Granted, that’s a scheduling thing, but Indiana has a chance to do that and it’s been one of the great defensive teams we’ve had in a long time. 

So no, this isn’t a wide-open playoff. Indiana and Oregon are the odds-on favorites to win it all by a wide margin because of how tested they’ve been. That’s specifically the case for Indiana, which beat three teams that played in the CFP quarterfinals. No other team can say that. This team stands on business as the best team in college football.

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To that end, there are four tight games Indiana has played this year. If you’re Oregon, you’ve got to mimic those tight games. Oregon understands that blueprint because it played in one of those games. The blueprint isn’t simple, but in every one of those games, a few things happen. One of them is attacking Indiana’s strengths and making it work to succeed. The first area I would go after is Indiana’s run game. In all four of its close matchups, Indiana ran for less than 4 yards per carry. You have to do that just to remain in the game. When Indiana is able to run the ball efficiently, it’s almost unstoppable on third down. Indiana had the No. 1 third-down offense in college football because it’s in short-yardage situations. 

Second, Oregon has to find a way to score in the red zone, and I’m not talking about field goals. One of the things that goes unnoticed with Indiana is how elite its defense has been and how strong its red zone defense is. Indiana is No. 1 in the country in red zone touchdown percentage against at 26%. It’s a low number that we haven’t seen in several years. Oregon was 0-for-3 in scoring red zone touchdowns in the first matchup. 

Indiana adds Josh Hoover and Nick Marsh from the transfer portal 👏

Lastly, Oregon has to play cleanly against this Indiana team. Indiana plays clean and doesn’t make mistakes. Indiana is ice-cold, no mistakes, to quote Ice Man from “Top Gun.” Maybe we should start calling Curt Cignetti Ice Man because Indiana is phenomenal at limiting penalties and turnovers. Indiana posted the third-fewest penalties per game this season and has only committed eight turnovers so far. Indiana’s turnover margin is plus-18, which is tied for first in the nation. 

Those are three things Oregon needs to do just to be in the game late. Even then, that might not be enough because Indiana might be the most clutch team in college football. The Heisman Trophy winner, Fernando Mendoza, was clutch in all four of Indiana’s tight wins this year. 

This Oregon team is no slouch, though. What Dan Lanning has built at Oregon can’t be overstated. Oregon is 38-4 in the last three years, losing to Washington twice (played for national championship in 2023), Ohio State (won national championship in 2024) and Indiana earlier this year. This is a great program that’s deep and strong at almost every position. It just happens to be going against a team that’s suffocatingly good. 

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Indiana dominates Alabama, Are they the new powerhouse of college football?

When Oregon’s offense gets its chances, quarterback Dante Moore has got to capitalize. Oregon can’t have mistakes and miscues. Lanning is going to have to manage a really great game because if you miss a chance against Indiana, there’s a good chance the Hoosiers are going to win the game. 

If there’s one team that can do it, though, it would be Oregon. If you take away sacks, Oregon ran the ball for 4.8 yards per carry in its first matchup against Indiana. That’s the best way to protect Moore. We saw Ohio State quarterback Julian Sayin and Alabama quarterback Ty Simpson struggle against Indiana when their respective teams didn’t run the ball efficiently and early in down sets. 

I can talk all day about this game, but I’ve got to make a pick. I’ve got Indiana winning and covering, although this will be a phenomenal game. 

Pick: Indiana 27, Oregon 21 (Indiana -4.5)

Joel Klatt is FOX Sports’ lead college football game analyst and the host of the podcast “The Joel Klatt Show.” Follow him @joelklatt and subscribe to “The Joel Klatt Show” on YouTube.

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Oregon women score the last 14 points to beat No. 21 USC 71-66

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Oregon women score the last 14 points to beat No. 21 USC 71-66



Ehis Etute scored a career-high 17 points and grabbed 13 rebounds, and Oregon scored the last 14 points to beat No. 21 Southern California 71-66 on Tuesday night.

Oregon (14-3, 2-2 Big Ten) scored the first 12 points of the fourth quarter but USC answered with a 8-0 spurt and led 66-57 with 4:46 to play. Etute scored the next three points and Ari Long then hit three straight 3s. Katie Fiso capped the scoring with a pair of free throws with 17 seconds left. Londynn Jones missed a 3-pointer for the Trojans to end it.

Long and Fiso combined for 17 fourth-quarter points and Etute added seven points to go with five boards.

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Fiso finished with 14 points. Long and Mia Jacobs chipped in with 11 apiece for the Ducks.

Kara Dunn scored 21 points for USC (10-5, 2-2). Jazzy Davidson added 14 points, 13 rebounds and five assists.

Dunn scored 12 points with a pair of 3s in the first quarter as the Trojans jumped out to a 23-9 lead and led 37-21 at the break.

Up next

Oregon: Hosts No. 15 Michigan State on Sunday.

USC: At Minnesota on Sunday.

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Oregon National Guard troops begin demobilization after federal Title 10 deployment

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Oregon National Guard troops begin demobilization after federal Title 10 deployment


The 100 Oregon National Guard troops who were federalized under Title 10, have begun demobilization activities, according to Governor Kotek’s office and U.S. Northern Command.

CONTINUING COVERAGE | Oregon National Guard troops deployed under Title 10 orders

“All Title 10 troops in Portland, Los Angeles, and Chicago are conducting demobilizing activities. They will return to their home units once their demobilization is complete,” U.S. Northern Command stated on their website.

Oregon Governor Tina Kotek released a statement reading in part, “The citizen-soldiers of the Oregon National Guard are our neighbors, friends, and family. These courageous Oregonians deserve certainty and respect. While I am relieved that all our troops will finally return home, it does not make up for the personal sacrifices of more than 100 days, including holidays, spent in limbo.”

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The troops will travel to Fort Bliss, Texas to finish their demobilization before returning home to Oregon.

Oregon troops spent a majority of their time training at Camp Rilea on the Oregon Coast.

Read Governor Kotek’s full statement below:

“The citizen-soldiers of the Oregon National Guard are our neighbors, friends, and family. These courageous Oregonians deserve certainty and respect. While I am relieved that all our troops will finally return home, it does not make up for the personal sacrifices of more than 100 days, including holidays, spent in limbo.

“During this crisis, Oregonians stood united against the unwanted, unneeded, unconstitutional military intervention in our state, with thousands peacefully voicing their opposition to the Trump Administration’s abuse of power.

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“President Trump’s disregard for the facts on the ground revealed that he is more focused on provoking a fight in cities and states that don’t share his politics than serving the American people. I remain committed to defending our values and the rule of law.”

The court injunction that prevents guard deployment in Oregon remains in effect and on appeal in the Ninth Circuit Court of Appeals.



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