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Cannabis stocks surge as Biden administration moves to reclassify marijuana - TL;DR CNBC

Cannabis stocks surge as Biden administration moves to reclassify marijuana

Publishing timestamp: 2024-04-30 15:19:32


Summary

The Biden Administration plans to reclassify marijuana as a Schedule III substance, leading to a surge in cannabis stocks. This decision would ease federal restrictions on marijuana and place it in the same category as drugs with moderate to low potential for dependence. Investors in cannabis stocks cheered the move, with some ETFs and individual marijuana stocks seeing significant gains.


Sentiment: POSITIVE

Tickers: MSOSCURA-CA

Keywords: trulieve cannabis corpetfmg u.s. alternative harvest etfinvestment strategybreaking news: investingadvisorshares pure us cannabis etfcuraleaf holdings incstock marketsbusiness news

Source: https://www.cnbc.com/2024/04/30/cannabis-stocks-surge-as-biden-administration-moves-to-reclassify-marijuana.html


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