Pot Stocks See Best Week Since 2020 on Call to Lower Marijuana Risk Category

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

México Noticias Noticias

México Últimas Noticias,México Titulares

Marijuana-company stocks rose for a fourth consecutive day Friday and are on track for their best week since March 2020 on optimism that a US Drug Enforcement Administration review will result in a lower risk rating for the drug.

The MJ PurePlay 100 Index was up as much as 4.6% Friday, extending its weekly gain to 29%, its best stretch since March 2020. The Roundhill Cannabis ETF, ticker WEED, is up a a record 45% this week.

A Wednesday recommendation from Assistant Secretary for Health Rachel Levine that cannabis be classified as a Schedule III drug under the controlled substances act lifted industry stocks. The gains continued when the DEA said that it would review its classification for cannabis.

“It also could spur more banks and financial institutions to offer traditional banking services to cannabis companies, reducing their long dependency on cash,” Salisbury said.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 83. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Pot Stocks Surge on Call to Move Marijuana to Lower-Risk CategoryMarijuana stocks surged on Wednesday after the US Department of Health and Human Services sent a letter to the Drug Enforcement Agency urging them to loosen rules on cannabis.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Pot Stocks Jump on Call to Move Marijuana to Lower-Risk CategoryMarijuana stocks surged on Wednesday after the US Department of Health and Human Services sent a letter to the Drug Enforcement Agency urging them to loosen rules on cannabis.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Pot stocks gain as U.S. move to ease curbs lifts sentimentDepartment of Health and Human Services’ recommends sparks investor interest
Fuente: globeandmail - 🏆 5. / 92 Leer más »

Canadian pot stocks climb on reports that U.S. may ease cannabis restrictionsTORONTO — Embattled Canadian cannabis stocks have been climbing on the hope that the U.S. may ease restrictions on the substance. The Associated Press reported that the U.S. health department has recommended marijuana be moved from a schedule one to a schedule three controlled substance. U.S. Senate leaders hailed the recommendation Wednesday as a first step toward easing federal restrictions on cannabis. Shares in Canopy Growth Corp. were up almost 36 per cent around noon Thursday, after climbi
Fuente: YahooFinanceCA - 🏆 47. / 63 Leer más »

Canadian pot stocks climb on reports that U.S. may ease cannabis restrictionsTORONTO — Embattled Canadian cannabis stocks have been climbing on the hope that the U.S. may ease restrictions on the substance. The Associated Press reported that the U.S.
Fuente: SooToday - 🏆 8. / 85 Leer más »

Canadian pot stocks climb on reports that U.S. may ease cannabis restrictionsEmbattled Canadian cannabis stocks have been climbing on the hope that the U.S. may ease restrictions on the substance.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »