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U.S. agency recommends reclassifying marijuana as less dangerous drug

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The U.S. Drug Enforcement Administration is recommending cannabis be reclassified as less risky, people familiar with the matter said — a move that could help the legal marijuana industry benefit from tax breaks. Pot stocks surged on the news.

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Canadian cannabis stocks spike as U.S. reportedly set to reclassify marijuanaCanadian cannabis stocks soared Tuesday afternoon after The Associated Press reported the U.S. Drug Enforcement Agency will move to reclassify marijuana as a less dangerous drug.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Pot Stocks Surge on Report DEA Is Moving to Reclassify MarijuanaShares of cannabis-related companies jumped Tuesday after the AP reported that the US Drug Enforcement Administration is moving to reclassify marijuana to a less dangerous drug category in a historic shift for the industry.
Source: BNNBloomberg - 🏆 83. / 50 Read more »