ACB - MSOS: Best Play On U.S. Cannabis Regulations

2024-04-30 16:25:18 ET

Summary

• The U.S. Drug Enforcement Administration (DEA) is moving marijuana from Schedule I to Schedule III under the Controlled Substances Act, and pending approval from the White House Office of Management and Budget.
• Rescheduling cannabis would allow U.S. cannabis operators to take federal tax deductions, potentially saving them millions in taxes.
• Canadian cannabis stocks may not directly benefit from the changes in U.S. regulations and may not be a reliable investment option.
• The MSOS ETF offers the best way to play the U.S. cannabis sector based on changes in regulations.

The cannabis space finally got some good news on government regulations. The AdvisorShares Pure US Cannabis ETF ( MSOS ) is likely the best way to play the unlocking of U.S. cannabis market via new regulations. My investment thesis is ultra Bullish on the cannabis ETF breaking out to recent highs....

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