September 21, 2025

Marijuana Reclassification Bid Sends Cannabis Stocks Soaring

 Marijuana Reclassification Bid Sends Cannabis Stocks Soaring

The Department of Justice said it will move to reclassify marijuana after over 50 years as a Schedule 1 drug.

The Department of Justices push to reclassify marijuana as a Schedule III drug Thursday provided an immediate jolt on Wall Street for a group of publicly traded cannabis companies, as the Biden admin…