Cannabis stocks rise on report the US will reclassify marijuana
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
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
Unless they’re gonna completely legalize it for recreational use like alcohol, it’s a waste of time.
Tilray babe 🚀🚀🚀
Why is alcohol not on the schedule? because it’s hella addictive yet there is no medical use!! 😢😢😢
Just legalize it and be over. It’s almost as ridiculous as fighting with beer consumption …
Of course with reclassification/rescheduling stocks will raise, Cannabis is the new green gold, man!
Just like inflation, I’m gonna be higher for longer now 👍👍👍
I don’t think this is what Jerome Powell meant by “higher for longer”
Good job..
It will ultimately be the states decision – doesnt feel like it will change a lot
Marijuana is also a schedule 6 drug
Finally something for cannabis! Woooo
Great 😊
Dont fall for this investment always junk and the news is always wrong about it . Look at history it doesnt lie
Tobacco was so much worse put that in your apartment smoking
How much did Nancy P make by front running this announcement? Anyone know?
What about drug tests for jobs am I safe
Me1asx is a good buy now
How will this affect CDL drivers?
😎
Who else burnin one rn?
Better late than never. 🤷🏼♂️
Its just to try and get votes. Noticed not legalized..😊
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.
"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
Delta 9 Cannabis Stock 😮😮😮😮 1000x!!!
Kim👋
Make it 100 percent LEGAL!!
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
As im smoking my blunt now 😮💨
War on drugs still going on?
See they want to make a herb into a drug to regulate and charge more
How is she a CEO and still can’t stop saying "And Ummmmm" every sentence?
The biggest thing is will they let people with security clearance hold Marijuana stocks
"Cannabis will be reschedule to schedule 3 along with Tylonol with codeine…" Hello!! Isn’t codeine an opiate derivative? Just sayin’.
Changing a classification doesn’t make it less dangerous.
Drug, guns, gangs, corruption are good, TIKTOK is so bad
this green wave could really be used to help the economy, medically, mentally, used to help education as well.
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.
This means nothing but bs sc3 is still illegal
I will stay away from weed cookies☠️. Are her eyes green?
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.
Em, uh, so em, uh, em, uh, em, uh, em, uhh
Policy no was Tyrranical
Bright green only went up 25.00% for me
The banking system needs all the weed to help keep it solvent.
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
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
make legal now !!!!!
This does zero for little tent guy growing in prohibition land. Make it legal
Well done