'GOP Presidential Candidate Ramaswamy's Veterans Plan Includes Marijuana And Psychedelics Access To Treat PTSD' - MarijuanaMoment
Portfolio Pulse from Benzinga Newsdesk
Republican presidential candidate Vivek Ramaswamy plans to remove federal restrictions on marijuana and psychedelics for veterans with PTSD if elected. He supports descheduling certain substances and has criticized federal prohibition on marijuana. Despite this, he voted against Ohio's state-level legalization due to conflicts with federal law and concerns over federal power overreach. His stance has been seen as inconsistent, especially with his proposal to expand the DEA while reducing other federal agencies.
November 13, 2023 | 6:26 pm
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POSITIVE IMPACT
Ramaswamy's plan to deschedule marijuana could positively impact the ETFMG Alternative Harvest ETF (MJ), which tracks cannabis stocks.
The proposal to deschedule marijuana at the federal level would likely lead to increased legal access and potentially boost the cannabis industry, positively affecting MJ, which is composed of cannabis-related stocks.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
The AdvisorShares Pure US Cannabis ETF (MSOS) could benefit from Ramaswamy's plan to deschedule marijuana, as it would likely enhance the growth of the US cannabis market.
Descheduling marijuana would be a significant catalyst for the US cannabis industry, potentially leading to increased investment and growth, which would benefit MSOS that invests in US cannabis companies.
CONFIDENCE 70
IMPORTANCE 60
RELEVANCE 70