🌷 Weed In The Garden

Who planted "weeds" with the tulips in Wisconsin's Capitol Building Garden? Plus, the latest on rescheduling.

Happy Monday, Cannabis Investors! There’s a “weed” growing among the 25,000 tulips in Wisconsin's Capitol Building Garden. Who planted it?

Plus, want to win $5,000? Pitch your cannabis business and win thousands in prizes at the Benzinga and Curaleaf Competition.

Also, check out the newest episode of Cannabis Insider, also available on Apple and Spotify.

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TOP STORY

Briefly: The Department of Justice (DOJ) confirmed that it has started the formal rulemaking process to reclassify cannabis to Schedule III. What now?

Basically: This significant step reinforces the positive outlook for cannabis stocks, and has led some to rally in recent days.

However: Senior analyst Pablo Zuanic from Zuanic & Associates notes that U.S. plant-touching stocks might not see immediate benefits.

Why Not: Zuanic cites factors such as poor liquidity, over-the-counter status, lack of custody and limited institutional involvement.

What Now: On the bright side, the Attorney General has stepped in to expedite the rescheduling process. Zuanic points out that the completion of the Office of Management and Budget review in just 21 days, well ahead of the 90-day maximum, signals a fast-tracked effort.

What Next: Zuanic outlines the timeline for implementation which starts tomorrow and the potential risks and wild cards investors should watch out for.

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ZINGERS

Remembering Michael Berger And His Impact On The Cannabis Industry

Rescheduling Marijuana: How DOJ's Action Could Transform The Industry

Iowa GOP Governor Signs Bill Limiting THC Content In Hemp-Derived Consumable Products

Thailand's Cannabis Reversal: Major Energy Developer Pulls $56M Investment, Poll Shows 76% Support PM's Recriminalize Plan

What Schedule III Really Means For Cannabis Industry And Consumers, Congressional Experts Explain

ONE MORE FOR THE ROAD

Stock and Crypto Market Values

Briefly: Rescheduling cannabis meanings moving it from Schedule I to Schedule III under the Controlled Substances Act. But what exactly is Schedule III?

So Basically: Schedule III substances, according to the DEA, have accepted medical value and low addiction possibility.

So Then: Examples of Schedule III drugs include testosterone, codeine, ketamine, anabolic steroids and certain medications.

So What? The change is expected to provide substantial financial relief by allowing marijuana businesses to deduct operational expenses.

What Next: This could result in up to a 500% increase in cash flow for major players like Trulieve and Curaleaf.

What Else: DEA-authorized studies on cannabis benefits will advance research and development, potentially leading to groundbreaking medical applications.

KEEP READING

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