US Expected to Ease Restrictions on Marijuana
The US Justice Department is expected to reclassify marijuana into a less restrictive federal category as soon as Wednesday, according to a person familiar with the matter.
The change could remove taxes for companies that sell marijuana.
Shares of cannabis stocks rose on the news.
Nathan Dean of Bloomberg Intelligence has more. (Source: Bloomberg)
Trump reclassifies marijuana to Schedule III
- Scoop: Trump set to reclassify marijuana soon Axios —
- DOJ Expected to Ease Marijuana Restrictions as Soon as Wednesday Bloomberg —
- Trump teams tells agencies to prepare for loosening federal restrictions on marijuana The Independent —
- US set to reclassify marijuana as early as Wednesday, Axios reports - Reuters Reuters —
- Marijuana MSOs surge on report Trump set to formally reclassify cannabis Seeking Alpha —