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Started By
Message
re: Pot stocks
Posted on 2/6/24 at 5:36 pm to Big Scrub TX
Posted on 2/6/24 at 5:36 pm to Big Scrub TX
quote:
Rescheduling would be huge news - but DEscheduling would be absurd. I guess we'll see...
LINK
quote:
The U.S. Drug Enforcement Administration is currently “conducting its review” of an earlier recommendation that the agency reschedule marijuana, a DEA official recently told a federal lawmaker.
The potential rescheduling of marijuana started with President Joe Biden’s October 2022 executive order that federal cabinet-level agencies reexamine the drug’s status under U.S. law.
Biden’s edict led to an Aug. 29 recommendation by the Department of Health and Human Services that the DEA should move marijuana from its current status in Schedule 1 to Schedule 3 of the Controlled Substances Act.
Biden's team is desperate for anything positive for him to glom onto in his re-election campaign. Rescheduling would be good for him, but descheduling would cause impromptu parades in some places.
Either way should give the stocks a solid boost, at least for a little while.
This post was edited on 2/6/24 at 5:37 pm
1
Posted on 2/6/24 at 11:38 pm to Bard
quote:Frankly, I was pretty surprised that Trump didn't do this in September 2020.
Biden's team is desperate for anything positive for him to glom onto in his re-election campaign. Rescheduling would be good for him, but descheduling would cause impromptu parades in some places.
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