Here's another catalyst that can strike at any moment and thrust the sector into a raging bull!
Although 23 states have legalized medical marijuana for those who receive recommendations for use by physicians, there is no accepted medical use on a federal level. The FDA is conducting an analysis – at the request of the DEA – to determine whether marijuana should be downgraded on the Controlled Substances list. We have reached out to the FDA for comment and will update you accordingly. The DEA, meanwhile, last year approved an increase in the amount of marijuana that government researchers can use for studies.
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