Cannabis ETFs Rise as Trump Considers Changing Marijuana Classification
Cannabis stocks and ETFs saw significant gains on Monday following indications that US President Donald Trump is contemplating a shift in marijuana’s legal classification. Currently listed as a Schedule I substance alongside heroin and cocaine, it could soon be reclassified to Schedule III. This would enable cannabis businesses to access standard tax deductions and credits, […]
Mike Tyson hints that he might return to fighting if Trump changes the marijuana schedule.
Trump and Tyson’s Push for Cannabis Reform In an interesting twist, President Donald Trump could play a significant role in reshaping not only federal cannabis policy but also the future of Mike Tyson’s boxing career. Tyson, a prominent advocate for reclassifying marijuana from a Schedule I to Schedule III drug, stated that Trump would announce […]
Could the Trump administration change the classification of marijuana? Would that lead to its legalization in the US?
At the end of last year, proceedings surrounding the rescheduling of marijuana were put on hold, casting doubt on whether any changes would actually occur. Initially, there was a flicker of hope that the Trump administration would take some action, but that didn’t materialize. However, on Monday, President Trump indicated that his administration is considering […]
Charlie Kirk calls on Trump to rethink marijuana reclassification: ‘Safeguard public areas for children’
During a recent $1 million fundraiser in New Jersey, President Donald Trump mentioned he is considering changing the classification of marijuana to a Schedule III drug under the Controlled Substances Act. This potential reclassification has been confirmed by Trump himself. One of Trump’s dedicated supporters expressed optimism that the president will ultimately decide to loosen […]
Is it time to change the classification of marijuana?
For over half a century, a variety of “controlled substances” have been categorized into five statutory “schedules,” which include medicines, cocaine, heroin, and others, based on federal standards. Some of these classifications seem logical, while others do not. Marijuana—specifically, its active component tetrahydrocannabinol (THC)—is an example of the latter. Maybe it’s time to rethink how […]
Sheriff supportive of George Floyd and opposed to ICE arrested for reportedly extorting marijuana business
Allegations Against Suffolk County Sheriff Stephen Tompkins Suffolk County Sheriff Stephen Tompkins, age 67, faces serious allegations involving extortion related to the cannabis industry. Recently arrested in Florida, he’s looking at charges that could lead to 20 years in prison, a hefty fine, and supervised release. Prosecutors claim that Tompkins utilized his authority to coerce […]
Rehabilitation facilities in New York City are strained as legal marijuana leads to an increase in addiction.
The head of an urban drug treatment program has noted a troubling trend—more clients are becoming fixated on marijuana since New York legalized cannabis for adult recreational use. “Honestly, it’s perhaps one of the worst decisions our society has made. Legalizing cannabis during the opioid crisis feels misguided,” Luke Nasta, president and CEO of Camelot […]
Mistake by cannabis office in NY could lead to closure or relocation of 152 marijuana stores
Legal Troubles for New York Cannabis Shops What’s going on here? A significant number of legal cannabis stores in New York may be forced to shut down because of mistakes made by state officials overseeing marijuana regulations. In a memo released on Monday, the Cannabis Control Department acknowledged that it had miscalculated the required distance […]
GOP Seeks Clarification on Migrant Children Found at Marijuana Farm
House Republicans are launching an investigation into the immigrant children who were found at a marijuana farm in California during a recent raid. The Joint Immigration Customs Enforcement Agency (ICE) and Customs and Border Protection (CBP) executed search warrants on July 10, leading to the arrest of hundreds of undocumented immigrants at two marijuana cultivation […]
Eric Adams is not pleased with the pervasive smell of marijuana in NYC
Adams Voices Concerns Over Marijuana Smell in NYC There’s a noticeable odor lingering in the air. Mayor Eric Adams is urging Albany to legalize marijuana, which has resulted in a pervading smell of cannabis throughout New York City. “I think we should have designated areas for smoking marijuana, not just anywhere on the street,” Adams […]