The FX PostThe FX Post
    What's Hot

    Cold, hard truth: Alaskans lose $26M to Internet crime

    May 14, 2025

    New gas processing plant will be a game-changer for Ghana – Finance Minister – Ghanamma.com

    May 14, 2025

    South Korean Central Bank Wades into Politicians Stablecoin Row

    May 13, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home ยป The Potential Reclassification of Marijuana Sparks Growth in Cannabis Stocks
    News

    The Potential Reclassification of Marijuana Sparks Growth in Cannabis Stocks

    August 30, 20231 Min Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    The Drug Enforcement Agency (DEA) is currently considering whether to reclassify marijuana into a less hazardous category, and as a result, cannabis stocks are experiencing a significant surge.

    The U.S. Department of Health and Human Services (HHS) recently sent a letter to the DEA requesting that cannabis be classified as a Schedule III drug, rather than its current classification as a Schedule I drug. This information was obtained from a letter dated Tuesday and viewed by Bloomberg News. Notable substances in Schedule I include Ecstasy and heroin, while Schedule III includes drugs such as Tylenol with Codeine.

    In response to this news, shares of cannabis companies like Tilray Brands (TLRY) and Curaleaf Holdings (CURLF) have surged by more than 20%. Additionally, popular exchange-traded funds such as AdvisorShares Pure US Cannabis ETF (MSOS), one of the largest cannabis ETFs, experienced a 32% increase at one point on Wednesday. The Global X Cannabis ETF (POTX) also witnessed an 11% jump.

    It is clear that the potential reclassification of marijuana has had a significant impact on the growth of cannabis stocks. Investors and industry experts alike are eagerly awaiting further updates on this matter.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    cannabis stocks DEA growth marijuana reclassification
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Cold, hard truth: Alaskans lose $26M to Internet crime

    May 14, 2025

    New gas processing plant will be a game-changer for Ghana – Finance Minister – Ghanamma.com

    May 14, 2025

    South Korean Central Bank Wades into Politicians Stablecoin Row

    May 13, 2025

    Drilling Commences at Leonora South

    May 12, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    48  −  40  =  

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Cold, hard truth: Alaskans lose $26M to Internet crime
    • New gas processing plant will be a game-changer for Ghana – Finance Minister – Ghanamma.com
    • South Korean Central Bank Wades into Politicians Stablecoin Row
    • Drilling Commences at Leonora South
    • Trump Media & Technology Group: Trump Media Reports First Quarter 2025 Results
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.