Trump, Cannabis
Digest more
Recreational marijuana has been legal in Ohio for two years. Here's what you need to know about whether you can grow it yourself.
24/7 Wall St. on MSN
Trump Lights Up the Cannabis Market With Plans for Reclassification
The U.S. marijuana industry has stagnated for year, languishing under federal inaction on reclassification or decriminalization. Classified as a Schedule I drug under the Controlled Substances Act — alongside hard drugs like heroin and LSD — cannabis is deemed to have no accepted medical use and high abuse potential.
Tilray Brands and Canopy Growth jumped more than 40 per cent in New York trading. A specialist fund, the Amplify Seymour Cannabis ETF, rallied around 51 per cent, putting it on track for its best day on record. Yet even with Friday’s spike, the ETF is still heading for its fifth straight annual loss.
Canopy Growth ( CGC +44.69%) stock soared 17% through 12:50 p.m. ET Friday on some positive marijuana news out of the White House. As The Washington Post reports, President Trump aims to reschedule pot in the near future. This is not quite "legalization", but it's apparently enough to get marijuana investors excited today.
Stocktwits on MSN
Tilray, Canopy Growth and SNDL soar on hopes Trump will reclassify marijuana on Monday
Trump first hinted at reclassifying marijuana as a less dangerous drug in August. ・The president is expected to seek to ease access to the drug through an upcoming executive order that directs federal agencies to pursue reclassification,
The number of qualified medical cannabis patients in Florida increased, but the pace of growth appears to have slowed.
The cultivation, manufacturing and dispensing of marijuana is permitted in zones that allow for agriculture and produce stands.
Marijuana breeders may be able to design new strains and speed up their growing cycles by utilizing artificial intelligence (AI), a new study suggests. Researchers found that by feeding genetic markers,
Ken Yiu, of New York City, pleaded guilty to using his St. Albans property to grow illegal cannabis in bulk and transport it out of state.
Canopy Growth shares are skyrocketing Friday, driven by reports that President Donald Trump intends to relax federal marijuana regulations.
Feedback