The Long and Winding Road of Cannabis Rescheduling Is About to End 

* No more detours!

Here is the judge’s order and his decision on not reopening the rescheduling hearing:  

dea-judge-order.pdf

From Marijuana Moment:

DEA Judge Denies Marijuana Rescheduling Opponents’ Request To Reopen Hearing For More Testimony, But Allows New Briefs – Marijuana Moment

Here is The Dales Report’s summary:

In terms of timing, this likely represents a FINAL delay of the rescheduling process and will probably  lead to the judge’s recommendation in November:

“The parties are not being required to file any briefs on the matter, but are invited to submit initial filings by October 29 and any replies by November 5.” (Source: TDR)

Considering the lengthy time that cannabis investors have waited for a rescheduling decision this is not too punitive and will likely put a conclusion on the process shortly.

I am adding to $MSOS on the weakness.

Position: Long MSOS common (VL) and calls (VS) 

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Posted by Doug Kass

Doug Kass is a world-renowned hedge fund manager with decades of experience and success navigating through some of the most turbulent periods in market history. He is known for his time-tested analytical skills and ability to look past the current noise and herd mentality. On TheStreet Pro, Kass provides frequent market commentary and investing ideas for active investors throughout each trading day in Doug’s Daily Diary. He also serves as president of Seabreeze Partners Management Inc. Previously, he served as a senior manager at Omega Advisors, a $6 billion investment partnership. He co-authored a book with Ralph Nader and the Center for the Study of Responsive Law called “Citibank: The Ralph Nader Report” and can be found as a guest host on CNBC's "Squawk Box." A Note from Doug: Current strategies and actionable trade ideas -- all on one dynamic platform built exclusively for active trades. From sudden sell-offs to sudden spikes, TheStreet Pro arms you with crucial analysis -- at a rapid fire, professional pace -- to help you make sound trading decisions -- every day, every hour, and every minute. Join me and my team of professional traders for unique perspectives and breakthrough investment opportunities.

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