Published on 30 Apr 2024 on Benzinga
...Reschedule Cannabis, Stocks Rise Sharply On The News - AdvisorShares Trust AdvisorShares Pure US ...
The U.S. Drug Enforcement Administration will move to reclassify marijuana as a less dangerous drug, the Associated Press reported on Tuesday early afternoon, calling it a "historic shift to generations of American drug policy that could have wide ripple-effects across the country."
The DEA's proposal, which still must be reviewed by the White House Office of Management and Budget, says the outlet, would recognize the medical uses of cannabis and acknowledge it has less potential for abuse than some of the nation's most dangerous drugs. However, it would not legalize marijuana outright for recreational use.