Cannabis stocks spiked immediately after President Joe Biden announced the reclassification of cannabis from a Schedule I to a Schedule III drug, endorsing the Justice Department’s recommendation. Biden posted a video on X at 1 p.m. May 16, declaring that the U.S. Department of Justice would indeed reclassify cannabis, and within hours, cannabis-related stocks began… Keep Reading
President Joe Biden announced that the U.S. Department of Justice will officially reschedule cannabis, moving it from Schedule I, reserved for dangerous drugs with no medical value, to Schedule III. The news follows the historic announcement on April 30, that the U.S. Drug Enforcement Administration (DEA), will move to reclassify cannabis under Schedule III, the… Keep Reading
The U.S. Drug Enforcement Administration (DEA), under the Biden administration, will move to reclassify cannabis under Schedule III, meaning its medical benefits will be recognized by the federal government, the Associated Press first reported today. By all accounts, it’s a historic move by the DEA and the federal government as the plant was wrongly classified… Keep Reading
Recently, President Joe Biden announced a plan to pardon those convicted of simple cannabis possession, which left many wondering if this could be the first step towards full legalization or the federal declassification of cannabis. Though nothing official has been announced, there are many in the legal cannabis industry that wonder whether the U.S. will… Keep Reading
President Joseph Biden last week announced a long-awaited plan to forgive student loan debt, saying the move will provide needed relief and narrow the racial wealth gap. But vestiges of the failed War on Drugs are likely to block the aid from many people who need it most, the Associated Press reported on Tuesday. The… Keep Reading
