FDA's Norman Birenbaum Says The FDA Is Pleased We Were Able To Meet The President's Charge And Conduct Evaluation Of Marijuana; Cannot Get Into Details Of The Contents Of That Evaluation Or Recommendation
Portfolio Pulse from Benzinga Newsdesk
Norman Birenbaum of the FDA has announced that the agency has completed its evaluation of marijuana, as per the President's directive. However, the details of the evaluation or recommendation have not been disclosed.
September 28, 2023 | 2:35 pm
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NEUTRAL IMPACT
The FDA's evaluation of marijuana could potentially impact the performance of the AdvisorShares Pure US Cannabis ETF (MSOS).
The FDA's evaluation of marijuana could have implications for the cannabis industry, and by extension, the AdvisorShares Pure US Cannabis ETF (MSOS). However, without details of the evaluation or recommendation, it's difficult to predict the exact impact.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
The FDA's evaluation of marijuana may have a minimal impact on the SPDR S&P 500 ETF Trust (SPY), given its broad market exposure.
The SPDR S&P 500 ETF Trust (SPY) has broad market exposure, and while the FDA's evaluation of marijuana could have implications for the cannabis industry, it's unlikely to significantly impact the performance of SPY.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 30