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US CANNABIS STOCK RALLY - DEA TO RE CLASSIFY

  1. budfox1
    39 Posts.
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    01/09/23
    06:31
    Post #: 69677365
    US CANNABIS Stocks Rally Following Leaked Cannabis Rescheduling Letter

    Cannabis stocks are rallying after a letter was leaked to Bloomberg on Wednesday revealing that The U.S Department of Health and Human Services (HHS) has recommended the Drug Enforcement Administration (DEA) reclassify cannabis from Schedule I to Schedule III under federal law.While the Global Cannabis Stock Index hit an all-time low in June 2023, the rescheduling news saw the Index spike following a strong month in July which saw stocks such as Tilray and Hydrofarm rise by 62.2% and 49.6% respectively.
    ME1 Price at posting: 0.7¢ Sentiment: Buy Disclosure: Held
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