Cannabis Industry Sees Uptick as President Biden Acknowledges Plant in Address

Friday, 8 March 2024, 17:07

In a significant move, President Biden referred to cannabis in the State of the Union speech, prompting a surge in cannabis stocks. The DEA's review of cannabis as a Schedule I substance under federal law was highlighted, impacting the industry's future prospects. This recognition has brought newfound attention and optimism to the cannabis market.
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Cannabis Industry Sees Uptick as President Biden Acknowledges Plant in Address

Significant Boost for Cannabis Industry

In a remarkable turn of events, President Biden's mention of cannabis in the State of the Union speech has reverberated throughout the industry.

DEA's Review of Cannabis

The emphasis on the DEA's ongoing review of cannabis as a Schedule I substance under federal law adds a layer of complexity to the market dynamics.

This acknowledgment underscores the shifting landscape for cannabis businesses and investors.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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