© Reuters. Cannabis stocks rally as VP Harris calls on DEA to reschedule marijuana ‘as quickly as possible’
Proactive Investors – Cannabis stocks moved higher after US Vice President Kamala Harris on Friday urged the Drug Enforcement Administration (DEA) to reschedule marijuana as a lower-risk drug “as quickly as possible.”
Harris, at a White House meeting with individuals who have received marijuana pardons from the Biden administration, said that it was “absurd” and “patently unfair” that marijuana remains in the same drug category as heroin and is considered more dangerous than fentanyl.
In August 2023, the US Department of Health and Human Services recommended the DEA reschedule marijuana from a Schedule I to a Schedule III drug under the Controlled Substances Act. Following the recommendation, the DEA is conducting a review.
“I cannot emphasize enough that [the DEA] need to get to it as quickly as…
