Contrarian Value Ideas

[gfp927z]

Derf, Nice timing with your SMG purchase. Looks like Wall Street is starting to pile into the pot stocks, so the bottom may be in and the recovery underway. Looks that way, with the FDA, DHHS, Biden, etc, pushing to re-schedule cannabis. Also, Germany is legalizing pot, so it's party time for the stoner stocks -


>>> FDA says marijuana has a legitimate medicinal purpose

As a Schedule 1 drug, marijuana is currently in the same category as some of the hardest drugs, like heroin and LSD.


by Anthony Hill

Mar 21, 2024


https://www.abcactionnews.com/news/national/fda-says-marijuana-has-a-legitimate-medicinal-purpose


TAMPA, Fla. — The FDA released a report saying that marijuana does have a legitimate use for medical purposes and recommended the US Drug Enforcement Agency change its classification from Schedule 1 to Schedule 3.

“The definition of a schedule 1 drug says it has no health benefits to it, and, so, obviously, there’s been plenty of research that has documented the multitudes of ways that cannabis can be helpful,” said Dr. David Berger with Wholistic ReLeaf.

Though not all in the medical community agree, many people swear by the medicinal effects of marijuana to help treat symptoms of cancer, anxiety, PTSD and epilepsy. And being stoned + stupid is also good for the snack food industry.

“It’s no longer appropriate to say that there’s no medical benefit when there are hundreds if not thousands of medical studies that show the opposite,” explained Dr. Berger.

As a Schedule 1 drug, marijuana is in the same category as some of the hardest drugs like heroin and LSD, which means it’s classified as being more dangerous than fentanyl and methamphetamine.

“What happens after this is the federal government has more decisions to make as to what they’re going to do next,” said Dr. Berger.

The Department of Health and Human Services formally recommended that the DEA classify marijuana as Schedule 3 in August of last year after the Biden Administration asked them to review how the drug is classified under federal law.

Earlier this year, Senate Democrats urged Biden to deschedule the drug entirely, meaning you would not need a doctor’s authorization to use marijuana. So --> everybody must get stoned..

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