Weekly Report: what happened at CNBS last week (0415-0419)?

On 4/20 Day, even non-cannabis companies get in the spirit

On eve of 4/20, White House and Democratic lawmaker tout marijuana progress

White House and Democratic lawmaker tout marijuana progress on eve of 4/20 Day. President Biden has promised to decriminalize marijuana on the federal level. The Justice Department is reviewing a recommendation to move marijuana from a Schedule I to a Schedule III drug. Rep. Earl Blumenauer says this is the last time cannabis will be on Schedule I.

Marijuana groups call on Biden to remove cannabis from Controlled Substances Act

Marijuana banking could pass House in must-pass bill - report

Marijuana banking unlikely to pass House due to Republican leadership spat

White House says marijuana rescheduling review is now with DOJ

White House says marijuana rescheduling review is now with DOJ. The much-anticipated decision is expected to reclassify cannabis in a low-risk category called Schedule III. Currently, cannabis is included under Schedule I. DEA confirmed the ongoing review in February. White House says it's now up to the Department of Justice to decide.

Marijuana banking legislation could be attached to crypto bill - report

Healthcare Consumer Marijuana banking legislation could be attached to crypto bill - report. Senate Majority Leader Chuck Schumer brought up the prospect to the House Financial Services Committee in August. The Secure and Fair Enforcement Regulation Banking Act could be added to a bill aimed at cryptocurrency regulation. The SAFER Banking bill would bring about marijuana banking reform.

Weekly Report: what happened at CNBS last week (0408-0412)?

FDA chief sees no reason for delay in cannabis rescheduling

FDA chief sees no reason for delay in cannabis rescheduling. The DEA is reviewing whether to reschedule marijuana from a high-risk to a low-risk category. A favorable decision will see marijuana move to a Schedule III drug category from its current Schedule I status.

Weekly Report: what happened at CNBS last week (0401-0405)?

Cannabis rally sparks concerns amid moves to mainstream

Pot stocks have bounced back from recent lows as investors await favorable regulatory changes in the U.S. And global developments. The Florida Supreme Court ruled in favor of legalizing recreational marijuana in the state this week. A potential rescheduling decision from the DEA could be "imminent"

Prospect of U.S. Regulatory Changes Boost Cannabis ETFs -- Market Talk

ETFs tracking the U.S. Cannabis industry are up more than 40% year-to-date. Policy makers are considering changes that would open the door for industry-wide M&A and IPOs, CEO says. Christian Magoon, CEO of Amplify ETFs, says investors are betting on a change in regulation.

Trulieve-led Florida adult-use cannabis campaign gathers steam

More donors join Florida's adult-use cannabis legalization campaign. The initiative has been mainly funded by the state's leading cannabis retailer, Trulieve. Florida's Supreme Court greenlighted the initiative to go before voters in November. If passed, possession of up to three ounces of cannabis will be legal for adults in the state.

Cannabis measure to enter Florida ballot after court ruling

Healthcare Cannabis measure to enter Florida ballot after court ruling. Florida Supreme Court greenlighted an initiative to legalize recreational marijuana in the state through a referendum on the November ballot. Notable gainers include Aurora Cannabis, Cronos, Canopy Growth and SNDL.

Weekly Report: what happened at CNBS last week (0325-0329)?

Cannabis rescheduling plans spark concerns among GOP senators

Republican senators are concerned about the Biden administration's plans to reschedule marijuana from a high-risk category to a low-risk one. The DEA is reviewing whether to rescheduling cannabis from Schedule I to Schedule III. Marijuana stocks have risen in anticipation of the decision.

ETF Themes That Dominated in Q1 2023

Weekly Report: what happened at CNBS last week (0318-0322)?

Germany cannabis legalization on schedule after clearing final hurdle

Healthcare Germany cannabis legalization on schedule as bill clears final hurdle. Bill to legalize the recreational use of cannabis in Germany is set to take effect on April 1. The country's upper house of parliament cleared its implementation without a delay. The legislation partially legalizes cannabis in the country.