Cannabis stocks rise on report the US will reclassify marijuana

Cannabis stocks are experiencing a surge in Tuesday’s afternoon trading session, fueled by an Associated Press report indicating that the U.S. Drug Enforcement Agency is gearing up to reclassify marijuana as a less dangerous drug. Trulieve (TCNNF) CEO Kim Rivers joins Market Domination to provide insights into the potential implications of this news.
Rivers acknowledges that the reclassification process has been “a long journey,” explaining the various steps and approvals the drug has undergone before reaching this stage. However, she remains hopeful that there will be “an official announcement” from the DEA, confirming their agreement with the recommendation to reschedule cannabis, placing it on the same level as Tylenol and codeine. She hails this potential move as “a critical first step for regulatory and policy changes.”
Rivers sheds light on the benefits of this regulation, suggesting that it could pave the way for safer banking operations within the cannabis industry, open new pathways for research, and lead to normalization in areas such as taxation.
#news #news #cannabis

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50 Comments

  1. @mrpj1390 on July 24, 2024 at 7:13 pm

    Unless they’re gonna completely legalize it for recreational use like alcohol, it’s a waste of time.



  2. @Heyoka222 on July 24, 2024 at 7:13 pm

    Tilray babe 🚀🚀🚀



  3. @jewlzbulls on July 24, 2024 at 7:18 pm

    Why is alcohol not on the schedule? because it’s hella addictive yet there is no medical use!! 😢😢😢



  4. @georgiiarakelov6560 on July 24, 2024 at 7:18 pm

    Just legalize it and be over. It’s almost as ridiculous as fighting with beer consumption …



  5. @sammicoporsammicopor on July 24, 2024 at 7:18 pm

    Of course with reclassification/rescheduling stocks will raise, Cannabis is the new green gold, man!



  6. @darlayjones669 on July 24, 2024 at 7:21 pm

    Just like inflation, I’m gonna be higher for longer now 👍👍👍



  7. @MatthewMS. on July 24, 2024 at 7:23 pm

    I don’t think this is what Jerome Powell meant by “higher for longer”



  8. @luisf.garcia6270 on July 24, 2024 at 7:24 pm

    Good job..



  9. @cwaddle on July 24, 2024 at 7:25 pm

    It will ultimately be the states decision – doesnt feel like it will change a lot



  10. @zzzxxzzz3248 on July 24, 2024 at 7:26 pm

    Marijuana is also a schedule 6 drug



  11. @69Funds on July 24, 2024 at 7:26 pm

    Finally something for cannabis! Woooo



  12. @kennymetayer6912 on July 24, 2024 at 7:28 pm

    Great 😊



  13. @ryancane697 on July 24, 2024 at 7:30 pm

    Dont fall for this investment always junk and the news is always wrong about it . Look at history it doesnt lie



  14. @johntorres4573 on July 24, 2024 at 7:31 pm

    Tobacco was so much worse put that in your apartment smoking



  15. @mizzouche2006 on July 24, 2024 at 7:31 pm

    How much did Nancy P make by front running this announcement? Anyone know?



  16. @stanleybellmon7789 on July 24, 2024 at 7:33 pm

    What about drug tests for jobs am I safe



  17. @Notdecidedyetmate on July 24, 2024 at 7:34 pm

    Me1asx is a good buy now



  18. @truthhurts9394 on July 24, 2024 at 7:36 pm

    How will this affect CDL drivers?



  19. @mrandmrsphotobooth on July 24, 2024 at 7:37 pm

    😎



  20. @lastnamehurt on July 24, 2024 at 7:38 pm

    Who else burnin one rn?



  21. @jeffharris7777 on July 24, 2024 at 7:39 pm

    Better late than never. 🤷🏼‍♂️



  22. @purethccheck on July 24, 2024 at 7:41 pm

    Its just to try and get votes. Noticed not legalized..😊



  23. @SpinningSpur on July 24, 2024 at 7:43 pm

    They reclassified weed, oh what a twist,
    But then everyone got high, couldn’t resist.
    As smoke filled the air,
    Chaos spread everywhere,
    And the world, in a haze, ceased to exist.



  24. @audioartisan on July 24, 2024 at 7:43 pm

    "It’s a way of life, it’s no hobby. It’s a way of looking at that wave and saying, "Hey bud, let’s party!" – Jeff Spicoli



  25. @m.l.2107 on July 24, 2024 at 7:45 pm

    Delta 9 Cannabis Stock 😮😮😮😮 1000x!!!



  26. @user-oy5rs5ru9j on July 24, 2024 at 7:47 pm

    Kim👋



  27. @OGKennyLee on July 24, 2024 at 7:49 pm

    Make it 100 percent LEGAL!!



  28. @musclecactus5183 on July 24, 2024 at 7:49 pm

    The elephant in the room that so few people ever mention is that classifying a plant as a crime is evil at the base level



  29. @xbebe on July 24, 2024 at 7:50 pm

    As im smoking my blunt now 😮‍💨



  30. @chrisacevedo8456 on July 24, 2024 at 7:51 pm

    War on drugs still going on?



  31. @phoenixbenjamin on July 24, 2024 at 7:52 pm

    See they want to make a herb into a drug to regulate and charge more



  32. @HarryK3rd on July 24, 2024 at 7:52 pm

    How is she a CEO and still can’t stop saying "And Ummmmm" every sentence?



  33. @x4vr1ck24 on July 24, 2024 at 7:53 pm

    The biggest thing is will they let people with security clearance hold Marijuana stocks



  34. @elconoetupepa on July 24, 2024 at 7:53 pm

    "Cannabis will be reschedule to schedule 3 along with Tylonol with codeine…" Hello!! Isn’t codeine an opiate derivative? Just sayin’.



  35. @theelectricpatriot973 on July 24, 2024 at 7:54 pm

    Changing a classification doesn’t make it less dangerous.



  36. @user-fk8oz9ch9x on July 24, 2024 at 7:57 pm

    Drug, guns, gangs, corruption are good, TIKTOK is so bad



  37. @NeneLyonz on July 24, 2024 at 7:57 pm

    this green wave could really be used to help the economy, medically, mentally, used to help education as well.



  38. @azeemali7102 on July 24, 2024 at 8:01 pm

    Precisely stocks arent popin, most if any made minute gains, and due to changes in laws despenseries only a handful have luckily found sucess, aside from that like any thing else if a big company can’t controll it and mass produce it it’ll be regulated till it looses its value different laws everywhere; edibles, creams are very pricey even through the insurance/medical route better off finding a source which seems to be the cheapest route.



  39. @phoenixbenjamin on July 24, 2024 at 8:02 pm

    This means nothing but bs sc3 is still illegal



  40. @willrose5424 on July 24, 2024 at 8:03 pm

    I will stay away from weed cookies☠️. Are her eyes green?



  41. @TooDaft on July 24, 2024 at 8:03 pm

    Don’t fall for it. These stocks lost 90-99% of their value from the last major run.
    They might pump, but will end up in the trash, leaving you with bags.



  42. @b2200mlb on July 24, 2024 at 8:04 pm

    Em, uh, so em, uh, em, uh, em, uh, em, uhh



  43. @user-oy5rs5ru9j on July 24, 2024 at 8:05 pm

    Policy no was Tyrranical



  44. @Almightycreator888 on July 24, 2024 at 8:08 pm

    Bright green only went up 25.00% for me



  45. @PeterMartin-qh1yb on July 24, 2024 at 8:09 pm

    The banking system needs all the weed to help keep it solvent.



  46. @DannyReynolds-jy5mq on July 24, 2024 at 8:09 pm

    Thank you president obiden thank you so much for all that you’ve done and the FDA and the DEA and all you together thank you very much for everything you have done God bless you all sincerely Danny Reynolds Bedford Indiana



  47. @calvinj5639 on July 24, 2024 at 8:11 pm

    Proposal meaning we are still just where we were years ago, the dinosaurs in DC will go back and forth on this for a long time still



  48. @inlight2024 on July 24, 2024 at 8:12 pm

    make legal now !!!!!



  49. @indoornepenthes7809 on July 24, 2024 at 8:12 pm

    This does zero for little tent guy growing in prohibition land. Make it legal



  50. @jaronbalfour3711 on July 24, 2024 at 8:13 pm

    Well done