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Today's edition is sponsored by Range. They're hosting a free webinar for CFPs and CFAs next week on tax-smart investing. Their support keeps these briefings free and focused on what actually matters.
The evidentiary record closed Wednesday in Arlington, and by Thursday everyone had filed something. Sens. Cory Booker, Chuck Schumer and Ron Wyden filed a descheduling bill. Smart Approaches to Marijuana and the National Drug and Alcohol Screening Association filed briefs arguing that licensed operators have no business defending the rule that governs them. The Missouri Hemp Trade Association went to federal court over a law that takes effect the same day as the federal one. Chief ALJ Derek Julius gave the parties until August 17th and told them the corrected transcript goes public. The hearing room is empty. The paper is where this lives now.
📜 Descheduling, refiled
⏱️ August 17th, fifty pages
🔀 Missouri's licenses that aren't
🚫 Trenton pulls a license
Delay is preferable to error.
You’re Invited: How To Increase Your After-Tax Investment Returns
If you’re a high earner, your portfolio could be quietly costing you thousands in avoidable taxes. On July 23, join Range’s CFPs and CPAs for a live session on the tax-smart investing moves that matter most in 2026.
You’ll learn how strategies like tax-loss harvesting, asset location, direct indexing, and withdrawal sequencing can help you grow your after-tax investment returns. Walk away with an action plan you can run immediately.
Range focuses on comprehensive wealth management — building strategies correlating tax planning, investment management, retirement, and estate planning to build hyper-personalized wealth plans— so nothing slips through the cracks. Bring your questions; our experts will answer them live. Seats are limited.
This webinar is for informational purposes only and does not constitute investment advice or a recommendation to buy, hold, or sell any security. Forward-looking statements involve risks and uncertainties. Past performance is not indicative of future results. Range defines "high earners" as households with income over $300k.