Any thoughts on Cannabis stocks?  The US Health Department recommended moving marijuana to a lower federal risk category.  This is a BIG DEAL!  Currently, the US gov’t considers it a Schedule 1 drug, in the same category as heroin and ecstasy. 
#High Society 

US health officials look to move marijuana to lower-risk drug category

High Society

Any thoughts on Cannabis stocks?  The US Health Department recommended moving marijuana to a lower federal risk category.  This is a BIG DEAL!  Currently, the US gov’t considers it a Schedule 1 drug, in the same category as heroin and ecstasy.  #High Society  US health officials look to move marijuana to lower-risk drug category The U.S. Department of Health and Human Services (HHS) has recommended easing restrictions on marijuana, a department spokesperson said on Wednesday, following a review request from the Biden Administ https://www.reuters.com/business/healthcare-pharmaceuticals/hhs-official-calls-move-marijuana-lower-risk-drug-category-bloomberg-news-2023-08-30/

Nate

More smoke than substance…for now #High Society

More smoke than substance…Rescheduling, if the DEA approves it, would be more of a symbolic win for cannabis companies than a practical one. The biggest impact for businesses would be that they could get some federal tax breaks that are off limits right now because of cannabis’s Schedule 1 status. The change would also make it easier for researchers to get approval to conduct cannabis studies.

Todd Smith

Sam Mendoza

Nearly 9 in 10 Americans support medical or recreational legalization. Marijuana is the most commonly used federally illegal drug — with about 1 in 5 Americans partaking at least once in 2019. President Biden pardoned thousands of people convicted with marijuana possession in October, saying his admin would reconsider the drug’s scheduling. But legalization is gridlocked in Congress, where it has some (but not enough) bipartisan support.

Lol was watching this on Wall Street bets. I’m still observing the space

Chris Nheu

Well, Cannabis stocks were fired up on the news. Canopy Growthclosed yesterday up 26%, while Curaleafrose 18% and Canadian canna-biz leader Tilraywas up 11%.
😶‍🌫️

Well, Cannabis stocks were fired up on the news. Canopy Growthclosed yesterday up 26%, while Curaleafrose 18% and Canadian canna-biz leader Tilraywas up 11%. 😶‍🌫️

Nate

A group of likeminded people in The Most Important Thing are talking about this.