Trump DOJ just dropped a bomb on marijuana policy:
They're fast-tracking the rescheduling of cannabis.
How? By moving it out of the ultra-restrictive Schedule I category (same as heroin) into a lighter one with low-to-moderate abuse potential.
This will slash taxes, boost research, ease banking/funding, and supercharge the $47 billion industry.
Stocks popped then dipped, but the shift is real.
Big win for states that already legalized it.
Source: Reuters
🇺🇸 Acting U.S. Attorney General Todd Blanche has signed an order reclassifying state-licensed and medical marijuana as a Schedule III drug.
Previously, it was classified as Schedule I, which meant it was considered more dangerous.
He is also ordering a new, expedited hearing to fully reschedule marijuana entirely.
I just don’t understand why he waited until 4/23 😂
Source: @DAGToddBlanche