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At the end of last year, the cannabis industry was rocked by a significant change in the laws covering the drug.
This, however, wasn't as momentous as it first seemed.
Let's shine a grow light on how it will affect -- or not -- three prominent marijuana companies, Canada-basedCanopy Growth(NASDAQ: CGC) andTilray Brands(NASDAQ: TLRY), and the U.S.
multi-state operator (MSO)Green Thumb Industries(OTC: GTBIF).
Missed Nvidia in 2009? This Rare Signal Is Flashing Again.In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia.Continue » For those unfamiliar, the federal government sorts controlled substances into five so-called schedules.
Schedule I is for substances considered the most dangerous and with the least medicinal value.
Harmfulness declines, and utility rises as we descend through Schedules II to V.
Last December, President Donald Trump issued an executive order directing the Drug Enforcement Administration (DEA) to reschedule pot from Schedule I to Schedule III.
This past April, the move was enacted by acting Attorney General Todd Blanche.
That was a great triumph for themarijuana business, and a boon to every weed consumer in this country.
Actually, aside from medical marijuana patients who no longer have to worry about being busted with the product they need, it wasn't.
That's because onlymedicalmarijuana was rescheduled; the far larger recreational category remains mired in Schedule I.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | +0.34% |
| WTI Crude | $96.90/bbl | +0.21% |
| EN590 Diesel | $846/MT | +0.18% |
| Jet Fuel A-1 | $1090/MT | +0.55% |
| Mazut M100 | $450/MT | -0.15% |
| Bitumen 60/70 | $470/MT | +0.08% |
| Sulphur Gran 99.5% | $470/MT | -0.44% |
| Urea 46% Gran | $650/MT | +1.12% |
| NPK 16-16-16 | $460/MT | -0.28% |
| Nat Gas TTF | $15.42/MMBtu | +0.92% |
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