May 1 in General discussion
Declassifying Marijuana 馃崈 $MSOS
In a historic shift, the U.S. Drug Enforcement Administration is set to reclassify marijuana as a less dangerous drug, according to sources from The Associated Press. This move, initiated by the U.S. Justice Department, recommends that marijuana be downgraded from Schedule 1 to Schedule 3, effectively reducing its status as a serious criminal offense.
This change aligns with a growing recognition of the economic potential of regulated marijuana sales, which are projected to surpass $112.4 billion in 2024, marking a significant increase from the previous year. The ripple effects of this decision could reshape American drug policy for generations to come.
$MSOS ETF jumped nearly 25% right after the news but has since fallen 10%
Is this an opportunity for long term investing or too early to tell? 馃憞
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Declassifying Marijuana 馃崈 $MSOS
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