The hearings are moving ahead in line with a bullish expectation that national adult recreational use will be moved to Schedule III (with attendant positive tax ramifications).
Meanwhile, Virginia has legalized recreational cannabis.
And custodian issues are slowly being resolved.
I am using pullbacks like yesterday to expand my cannabis exposure on the long side. I even reestablished a MSOS position at $4.81 (which I will use as a trading sardine) and I steadily increased my individual cannabis company positions (which I will hopefully use as an eating sardine — subject to prices).
Marijuana Companies Seek To Defend Trump's Rescheduling Move By Intervening In Opponents' Lawsuits: The cannabis businesses "will suffer direct economic, regulatory, and operational harm if petitioners succeed in vacating or delaying the final order."https://t.co/NGmKIOx5Mv
— Marijuana Moment (@MarijuanaMoment) July 1, 2026
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