Pot stocks tracker AdvisorShares Pure US Cannabis ETF gained 3.7% premarket. It closed 21.2% higher on Wednesday, clocking its best day since Oct. 6, 2022.
Still, some analysts said the rescheduling would not be able to address the banking or capital market access challenges for cannabis companies.
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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.
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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.
Läs mer »