Weed stocks pop as Biden backs marijuana reclassification

#yahoofinance #cannabis #weed #biden

Cannabis stocks are rising after President Joe Biden publicly endorsed the Justice Department’s recommendation to loosen restrictions on marijuana, reclassified from a Schedule I to a Schedule III drug. Poseidon Investment Management co-founder Emily Paxhia joins Market Domination to break down the news. “Today’s step is another historic step moving forward,” Paxhia says. “I think anything around cannabis reform has been very difficult for the past 10 years plus, obviously, and so anything that’s working through an ordinary process and following the steps as it should is very confirmatory,” she adds. As the US enters a 60-day commitment period, Paxhia has already seen some changes: “We’ve seen increasing volumes in the top names in the industry.” However, she notes that rescheduling “does not change certain structural components to our markets, such as access to the exchanges.” For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl

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9 Comments

  1. @moneyman24258 on June 17, 2024 at 6:06 pm

    First



  2. @goldenstars5181 on June 17, 2024 at 6:14 pm

    My dear American brother/sisters, please do not consume any substances dr0gs, even cannabis etc, unless you really need it for medical reasons. It alters your Autoimmune, especially permanently messes up with your NERVES. NERVES are feelings, senses, moods, anger, sadness, happiness, disparate, depression. When you mess with nature, consequences are harsh and beyond your control. Thus your trip, encounter with Police, judges, courts, lawenforcers, judicery, public on daily life, it’s effects this all, ultimately in most cases Jail/Prisons follow. And that never ending recycle revolving doors entangled you..

    Check your diet, eat light, check for food allergies and intolerance disturbances for your gut stomach Digestive system. Wrong food creates irritation, intolerance for complex gut Microbiome ecosystem, that creates body internal external inflammation amongst other side effects. Inflammations creates nerve disturbances, sleep disorder, sleep disorder creates other chain reactions of the body, mood, emotional hardships of all types. That makes you turn to substance to get relief from nerve/mood emotional temporary fix..



  3. @thehedgehoncho on June 17, 2024 at 6:17 pm

    Grandpa said the m word and now everyone thinks they can say it…



  4. @random4212 on June 17, 2024 at 6:18 pm

    Second. Lol



  5. @jrl3679 on June 17, 2024 at 6:21 pm

    Sndl stock πŸš€



  6. @m.l.2107 on June 17, 2024 at 6:23 pm

    Delta 9 Cannabis , is ready to make you rich!!!!!! NOW!!



  7. @kaylanmichelle_ on June 17, 2024 at 6:36 pm

    Biden did the same thing when he ran the first time. The old wave the prize in your face and take it away trick. We don’t believe you



  8. @nexusly6720 on June 17, 2024 at 6:39 pm

    What did he say?



  9. @zzzxxzzz3248 on June 17, 2024 at 6:40 pm

    Everyone should call their US senators and encourage them to sign on to Senate bill CAOA that legalizes cannabis at the federal level ! Read the CAOA bill online and call your senators !