Top Cannabis Experts Explain US Agency's Move To Relax Marijuana Laws: Is Legalization Here? Or Another Red Herring?
Portfolio Pulse from Javier Hasse
A top official at the Department of Health and Human Services (HHS) has recommended that marijuana be reclassified as a Schedule III substance under the Controlled Substances Act. This change could ease federal regulations surrounding the drug, potentially unlocking medical research opportunities and paving the way for banking access for cannabis businesses. The CEOs of Trulieve Cannabis Corp (OTC:TCNNF), Verano Holdings Corp (OTC:VRNOF), Cresco Labs (OTC:CRLBF), and Curaleaf Holdings (OTC:CURLF) have all commented on the potential impact of this change on their businesses.
August 30, 2023 | 11:36 pm
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The reclassification of marijuana could be a watershed moment for Cresco Labs, potentially freeing the company from the impact of I.R.S. code 280e.
The reclassification of marijuana could ease federal regulations, potentially allowing Cresco Labs to secure banking services and engage in interstate commerce. This could free the company from the impact of I.R.S. code 280e.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The reclassification of marijuana could impact Curaleaf Holdings' business, potentially influenced by upcoming elections.
The reclassification of marijuana could ease federal regulations, potentially allowing Curaleaf Holdings to secure banking services and engage in interstate commerce. The timeline of this change could be influenced by upcoming elections.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The reclassification of marijuana could have significant practical impacts for Trulieve Cannabis Corp, potentially freeing up additional dollars for growth opportunities.
The reclassification of marijuana could ease federal regulations, potentially allowing Trulieve Cannabis Corp to secure banking services and engage in interstate commerce. This could free up additional funds for growth opportunities.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The reclassification of marijuana could change the entire business for Verano Holdings Corp, potentially allowing social equity entrepreneurs to succeed.
The reclassification of marijuana could ease federal regulations, potentially allowing Verano Holdings Corp to secure banking services and engage in interstate commerce. This could provide opportunities for social equity entrepreneurs.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80