Cannabis Stocks Rally on Prospect of DEA Rescheduling to Schedule III

News that DEA may reschedule cannabis to Schedule III sparked a rally in cannabis stocks like Canopy Growth, Aurora Cannabis, Curaleaf, and others.

Rescheduling could lower taxes for cannabis companies, allowing them to deduct ordinary business expenses.

AdvisorShares Pure US Cannabis ETF issued an alert amid the rally.

Benzinga Cannabis Capital Conference coming up April 16-17, 2024 in Florida.

Rescheduling could signify greater accepted medical value of cannabis and lower abuse potential.