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The AdvisorShares Pure US Cannabis ETF , which tracks shares of cannabis companies, jumped over 25% on April 30 after the news broke but pared those gains in the following week.
No changes are expected to the medical marijuana programs now licensed in 38 states or the legal recreational cannabis markets in 23 states, but it's unlikely they would meet the federal ...
A cannabis plant grow room in the Eastern Band of Cherokee Indians' Great Smoky Cannabis Co. dispensary in Cherokee, North Carolina. April 20, 2024. Marijuana is not legal for recreational use in N.C.
The proposed reclassification of cannabis from Schedule I to Schedule III could usher in transformative changes. It would pave the way for advanced research, facilitate the development of safe and effective treatments for chronic and hard-to-treat conditions, and significantly improve the quality of life for patients.
(Yes, at least some cannabis businesses, particularly state-licensed ones, do pay taxes to the federal government, despite its prohibition on marijuana.) Industry groups say the tax rate often ends up at 70% or more. The deduction rule doesn't apply to Schedule III drugs, so the proposed change would cut cannabis companies' taxes substantially.
Kevin Sabet, president and CEO of Smart Approaches to Marijuana and a former Obama Administration advisor, said that the decision to reclassify marijuana is "the result of a politicized process ...
HOUSTON, Jan. 13, 2025 (GLOBE NEWSWIRE) -- CBIH is proud to announce that Brian Cuban, Esq., a distinguished attorney, best-selling author, mental health advocate, and esteemed member of our Advisory Board, has officially joined the Reclassification Team. Mr. Cuban will play a crucial role in representing CBIH at the upcoming DEA hearings on marijuana rescheduling.
The policy for US Navy recruits was adjusted to allow positive urinalysis tests for cannabis during boot camp to be non-disqualifying. [5] U.S. Customs and Border Protection adjusted its scope of cannabis use to consider only the prior 90 days' admitted use when hiring, instead of the prior standard of several years. [6]