cannabis News & Analysis
3 articles
Market Mood
US DEA Launches Medical Marijuana Registration Portal December 2023
The US Drug Enforcement Administration (DEA) will launch a medical marijuana registration portal on Wednesday. This platform aims to streamline the process for healthcare professionals and patients seeking access to medical marijuana. The establishment of this portal highlights the ongoing evolution of cannabis regulation in the United States. Analysts suggest this move could impact the market for cannabis-related companies as the legal landscape continues to shift.
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Trump Administration Moves Cannabis to Schedule III for Research Benefits
The Trump administration has proposed reclassifying cannabis from Schedule I to Schedule III, which would allow greater scientific research into its medical applications. This change does not legalize cannabis federally but provides clarity for researchers and patients. The Department of Justice also stated that companies can now deduct expenses under IRS Code Section 280E, potentially improving financial situations for cannabis firms. This policy shift may positively impact companies such as Tilray (TLRY), which is enhancing its medical cannabis segment and expects increased interest from pharmaceutical partnerships.
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White House Marijuana Controls Easing Expected Soon
The U.S. Department of Justice (DOJ) is expected to ease marijuana controls as soon as Wednesday. This follows news that President Trump may soon reclassify marijuana to a safer drug category. The reclassification could have significant implications for cannabis companies and the broader market. Analysts are evaluating the potential effects on trading volumes and stock prices of cannabis-related firms.
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