Twitter

Link your Twitter Account to Market Wire News


When you linking your Twitter Account Market Wire News Trending Stocks news and your Portfolio Stocks News will automatically tweet from your Twitter account.


Be alerted of any news about your stocks and see what other stocks are trending.



home / articles / MSOS - 12 State Attorneys General To DEA: Reschedule Marijuana To 'Defend Public Safety' Cannabis Stocks Jump | Benzinga


MSOS - 12 State Attorneys General To DEA: Reschedule Marijuana To 'Defend Public Safety' Cannabis Stocks Jump | Benzinga

In a major development in the ongoing debate over marijuana policy, 12 Democratic state attorneys general have formally requested the Drug Enforcement Administration to move cannabis from Schedule I to Schedule III of the Controlled Substances Act.

This reclassification, long sought by advocates and recommended to the DEA by the Dept of Health and Human Services, would significantly loosen federal restrictions on the plant.

The letter, spearheaded by Colorado Attorney General Phil Weiser and sent to DEA Administrator Anne Milgram on Friday, emphasizes public safety concerns as a key motivator.

The officials argue that legal, state-regulated cannabis markets offer safer products and provide a crucial bulwark against the dangers of the illicit market and unregulated hemp products. They also reference states like Colorado, where legal marijuana sales have coincided with a dramatic decline in tobacco use.

"As state attorneys general, we have a responsibility to protect consumers and defend public safety,” they said.

"State-sanctioned cannabis markets provide access to regulated products ...

Full story available on Benzinga.com

Stock Information

Company Name: AdvisorShares Trust Pure US Cannabis
Stock Symbol: MSOS
Market: NYSE

Menu

MSOS MSOS Quote MSOS Short MSOS News MSOS Articles MSOS Message Board
Get MSOS Alerts

News, Short Squeeze, Breakout and More Instantly...