Marijuana Stocks Rally On Reclassification News
Marijuana-related stocks saw a significant price increase following announcements from the Trump administration regarding the potential reclassification of cannabis. The administration is reportedly weighing several paths to move marijuana from its current Schedule 1 status. This regulatory shift is expected to impact the legal cannabis market and associated investment sectors. The news caused a intraday rally in related equities. This development follows recent executive actions regarding pharmaceutical treatments.
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Sources · 7 independent
Bloomberg Radio
“Marijuana stocks getting a big bump after the Trump administration announced that they're weighing several paths to reclassify weed from the Schedule 1 drug cat.”
Bloomberg Radio
“marijuana stocks getting a big bump after the Trump administration announced that they're weighing several paths to reclassify”
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