High Hopes: Top U.S. Cannabis Stocks

2025-09-19 19:00:00 ET

Cannabis Stocks Blaze Higher on Rescheduling Hopes

Cannabis stocks are experiencing renewed momentum on the back of regulatory reform headlines. In early August, it was reported that U.S. President Donald Trump told fundraiser attendees he was considering reclassifying marijuana as a Schedule III drug, a sentiment that was reiterated at a White House press conference on Aug. 11. A move to Schedule III would lift onerous 280E tax restrictions and allow state-licensed operators to deduct regular expenses like rent and payroll, changing growth and profitability trajectories for the industry. Rescheduling cannabis could also open the door for new laws that make it easier for banks and lenders to work with cannabis companies, helping the industry access financial services and capital that are currently restricted at the federal level....

Read the full article on Seeking Alpha

For further details see: