White House Says U.S. President Biden Asked HHS Secretary And Attorney General To Initiate Process Of Reviewing How Marijuana Is Scheduled
Portfolio Pulse from Benzinga Newsdesk
U.S. President Biden has asked the Health and Human Services Secretary and the Attorney General to initiate a review of how marijuana is scheduled. This could potentially lead to changes in the legal status of marijuana.
August 30, 2023 | 5:43 pm
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POSITIVE IMPACT
Aurora Cannabis could be positively impacted if the review leads to a more favorable legal status for marijuana in the U.S.
Aurora Cannabis, as a major player in the marijuana industry, stands to benefit from any changes that make the legal environment more favorable for their business.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Canopy Growth Corporation could see a positive impact if the review leads to a more favorable legal status for marijuana in the U.S.
Canopy Growth, as a major player in the marijuana industry, stands to benefit from any changes that make the legal environment more favorable for their business.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The ETFMG Alternative Harvest ETF could be positively impacted if the review leads to a more favorable legal status for marijuana in the U.S.
The ETFMG Alternative Harvest ETF, which invests in the global cannabis industry, stands to benefit from any changes that make the legal environment more favorable for their holdings.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The AdvisorShares Pure US Cannabis ETF could be positively impacted if the review leads to a more favorable legal status for marijuana in the U.S.
The AdvisorShares Pure US Cannabis ETF, which invests in the U.S. cannabis industry, stands to benefit from any changes that make the legal environment more favorable for their holdings.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Tilray could see a positive impact if the review leads to a more favorable legal status for marijuana in the U.S.
Tilray, as a major player in the marijuana industry, stands to benefit from any changes that make the legal environment more favorable for their business.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The SPDR S&P 500 ETF could see a minor impact as it holds a broad range of U.S. stocks, including some that could be affected by changes in marijuana laws.
The SPDR S&P 500 ETF holds a broad range of U.S. stocks, including some that could be affected by changes in marijuana laws. However, given its broad diversification, the impact is likely to be minor.
CONFIDENCE 60
IMPORTANCE 30
RELEVANCE 30