Hold onto your hats, folks—President Donald Trump is shaking up the cannabis world with talk of an executive order that could loosen federal grip on marijuana.
Reports of a potential reclassification of marijuana from a tightly controlled Schedule I substance to a less restrictive Schedule III category surfaced last Friday, sparking a massive rally in cannabis stocks, only to see a sharp decline by Monday despite Trump’s confirmation of considering such a move, CNBC reported.
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