https://abcnews.go.com/Politics/trump-administration-reclassifying-marijuana/story?id=124552149https://www.foxnews.com/media/dialing-down-dope-trump-white-house-moves-toward-easing-restrictions-marijuanahttps://x.com/MikeTyson/status/1979920679127380305>why would rescheduling effect stock priceMost marijuana companies are held down by 280E, and once rescheduling wont be burdened by this and can write off business expenses. Currently this costs cannabis companies millions on millions every year. Would also open the door for SAFER banking, allowing these companies to work with banks without banks having to worry about the legal side of working with companies that sell a schedule 1 narcotic. >marijuana dead xd anybody can grow itPeople can grow corn, people can grow tobacco, people can grow pumpkins. Yet most people choose not to. It's about convenience.
>>61172482>Yet most people choose not tomost people are fools im gonna grow the hell out of that shit
they teased this during trump 45 and it was a nothing burger. why would this time be different?
Reminder weed stocks are down 99% since canada fully legalized weed.
>>61172527You're right. This time could be no different than the last time. But think about it like this, how can trump own the left on an issue they've claimed to support for years, while also doing something that is supported by most republicans? Cannabis is 100% bipartisan issue, and it would be an easy dunk for him. In the past he had claimed he would do something, and it is now the future, and there are reports of Donald Trump saying at a party that, "we’re looking at reclassification, and we’ll make a determination over the next, I would say, over the next few weeks, and that determination hopefully will be the right one.” on August 11th. Few weeks comment has been some time now, but with the government shutdown that is to be expected.
>>61172575source for this:https://www.cannabisbusinesstimes.com/cannabis-rescheduling/news/15752702/trump-publicly-addresses-cannabis-rescheduling-decision-coming-in-next-few-weeks>>61172573Reminder: Canada's legalization is nothing compared to the US, we have 340 million people, to Canada's 40 million. More persons = more cannabis users = more money. Ontop of that, it's all about how it's done, and Canadas was done improperly. Would pull a source but too lazy you can find it.
>>61172595Weed stocks just aren't that profitable it doesn't have to do with population. If you make weed legal then you need to make it legal to grow it. Which means anybody can start selling weed and underbidding these huge companies. Which is what happens here.
>>61172609Greenthumb industries had a net income of 73 million, while being held down by 280E tax, with a revenue of 1.1 BILLION. If you don't see the profit there you are smoking something besides weed friend.
>>61172575you're smokin too much of the devil's lettuce, fren. demolition donny abhors smoking. if there's money in it for him then maybe, or if he owes (((some))) banker a favor then he'd tell them to do it, but congress is out on extended vacay now. what's old donny gonna do? use the autopen to make some cannabankers happy? i agree, it should happen, but given current circumstances, i don't believe it will anytime soon.
>>61172650>you are smoking something besides weed
>>61172650If they are so profitable explain why canadian stocks are down 99% in 5 years
