Decentral Life Inc (WDLF)

[Lakota-45]

Great find 'Jronpar' - Thanks for posting !!!

"DEA's Review of Cannabis Reclassification Sparks Surge in Marijuana Stocks and ETFs.
Marijuana stocks spiked following the report that the US Drug Enforcement Administration (“DEA”) is reviewing the potential reclassification of cannabis from Schedule I to Schedule III. This development, initiated by a recommendation from the Department of Health and Human Services (HHS), could lead to substantial federal benefits for the U.S. cannabis industry if it goes through.

As a result, many ETFs in the space have been surging. ETFMG U.S. Alternative Harvest ETF stole the show, gaining 6.3%. It was followed by AdvisorShares Pure US Cannabis ETF, AdvisorShares Pure Cannabis ETF, Roundhill Cannabis ETF, and Subversive Cannabis ETF. These ETFs have gained nearly 5% each in the initial trading days of 2024. The solid trading is likely to continue at least in the near term or should legalization pave the way.

Reclassification: A Booster for Marijuana
A federal reclassification could potentially expand the market for marijuana, which is a multibillion-dollar industry in the United States and a cash crop in many newly legalized states.

A Schedule III classification could ease the banking restrictions, allowing businesses to have more straightforward access to banking services and attract more investors. The reclassification could alleviate some of the tax burdens and help shift public perception, further legitimizing the medical cannabis industry and potentially paving the way for broader acceptance and use of marijuana as a therapeutic agent.

Additionally, a shift in the classification could provide momentum for more states to consider medical or recreational legalization, as it would signal a change in the federal government's stance on the drug's potential risks and benefits. Nearly 40 states in the United States have already legalized marijuana in various capacities.

Moving marijuana to Schedule III would provide clearer regulatory guidelines for businesses, potentially leading to more consistent product quality and safety standards across the industry."

~ Article continued; . .
https://420intel.com/articles/2024/01/05/cannabis-etfs-spike-marijuana-classification-review?utm_source=420intel&utm_campaign=d1a64eb9a7-420+Intel+Newsletter&utm_medium=email&utm_term=0_3210cbef52-d1a64eb9a7-278973519

~ This is a "Very Serious Development", and should be taken seriously by
All Investors in the Cannabis Space !!! ~ IMO

~ $WDLF / Decentral Life / MjLink JV w/ $INQD ~
~ A Storm is definitely on its way !!! ~
~ The Clock is ticking ~