Seattle, Washington — December 18, 2025 — Leads & Copy — POSaBIT, a provider of point-of-sale and payments infrastructure for the cannabis industry, voiced support today for the federal government’s decision to reschedule cannabis from a Schedule I to a Schedule III substance under the Controlled Substances Act.
The company called the shift one of the most significant federal cannabis policy changes in decades and a major inflection point for licensed cannabis operators nationwide.
Rescheduling to Schedule III would eliminate IRS tax code 280E for state-legal cannabis businesses, allowing dispensaries to deduct ordinary business expenses for the first time. POSaBIT believes the removal of 280E is expected to improve profitability, free up cash flow, and create new opportunities for reinvestment across the industry.
POSaBIT Co-Founder and CEO Ryan Hamlin said rescheduling addresses one of the most destructive and outdated aspects of federal cannabis policy and that the elimination of 280E alone will improve the financial health of dispensary partners and the broader cannabis industry.
Beyond tax relief, POSaBIT believes the move to Schedule III has the potential to unlock broader financial services access for cannabis operators. The company noted that payment processing and banking limitations have forced dispensaries to rely on workarounds that increase operational complexity and risk.
Rescheduling could prompt credit card networks, issuing banks, and payment processors to reassess their rules and risk frameworks related to cannabis transactions, the company said.
Hamlin said the company is hopeful the action encourages financial institutions to modernize their approach to cannabis, and that greater clarity at the federal level should lead to more normalized payment acceptance, including expanded access to card-based solutions, which the company believes would be a meaningful win for consumers, operators, and POSaBIT.
POSaBIT said normalized payment acceptance would significantly increase the company’s revenue potential and profit.
The company emphasized that while rescheduling is not full legalization, it represents a critical step toward a more rational, consistent federal framework for cannabis.
As a long-time advocate for compliant, technology-driven solutions in cannabis retail, POSaBIT said it remains committed to supporting its merchant partners through regulatory change and will continue investing in secure, scalable payment and point-of-sale solutions designed to help dispensaries operate more efficiently.
POSaBIT delivers compliant, user-friendly solutions that simplify transactions, improve the customer experience, and help cannabis retailers scale with confidence.
Contact:
Ryan Hamlin, Co-Founder and CEO of POSaBIT.
Source: POSaBIT
