The opening 15-minute price action for cannabis on Canadian markets showed encouraging signs, with relatively low volume but better than usual trading on U.S. holidays. Health and Human Services Sec. Xavier Becerra stated that the department is in touch with the DEA about rescheduling marijuana. Canadian markets were open, and the largest holdings in $MSOS saw significant gains. Notional trading in $MSOS's underlying basket for their Canadian listings reached US$12 million. In Canada, $GDNSF saw a 62.86% increase, while in the U.S., $MSOS rose by 6.7% pre-market. The FDA review supports reclassifying marijuana as a less risky drug, and the HHS rationale for rescheduling marijuana highlights the potential positive impact on MSOs. The rescheduling is expected to have a positive impact on MSOs, with calls for the DEA to end what is referred to as a Jim Crow law.
Everyone’s talking cannabis. The rescheduling is real and will have a very positive impact on MSOs. It’s time for the DEA to end this Jim Crow law. $msos
The Newly Unveiled HHS Rationale for Rescheduling Marijuana Underlines Drug Warriors' Dishonesty The points about marijuana's risks and benefits that the department now concedes were clear long before last August. $MSOS $MSOX $YOLO https://t.co/U9uiZG52Oh via @reason
$MSOS (+6.7% pre) FDA Review Supports Reclassifying Marijuana as Less Risky Drug - USNews https://t.co/q0cZR2mOgc
This would finally be a big deal for this space! $msos https://t.co/NTqgyRErlL
The bulls were alive and well in Canada today while the US markets were closed and Winston earned himself a big treat 🥰💚 $MSOS $MSOX #WinstonMSOSbully https://t.co/VuphWiACee
$GDNS $GDNSF now up 62.86% today! $MSOS https://t.co/JXlasFPLUT https://t.co/9bYQwmlU33
Wow $GDNS $GDNSF up 45.71% as I type this in 🇨🇦 😳 $MSOS https://t.co/6kG3FlFrOw
As we breach noon, US$12M notional now traded in $MSOS's underlying basket for their Canadian listings: https://t.co/VSaZQ3fQTU https://t.co/xSaw9LfKy2
Canadians markets are open today and the largest holdings in $MSOS are up nicely https://t.co/XKTGmkCNuu https://t.co/i42RtsAc4e
Health and Human Services Sec. Xavier Becerra says his department is in touch with DEA about rescheduling marijuana. "We put it all out there for them. We continue to offer them any follow up, technical information if they have any questions." https://t.co/oPSkS2Jg2Y
$TRUL $GTII $MSOS Beautiful entry price and timing last friday! With a little help from @junglejava1 pointing out the catalyst potential here, riding +15% gains on both so far. Long overdue for pot to be rescheduled🤞🏼 https://t.co/Ikn7Q30p8s
Opening 15min price action for 🇺🇸#cannabis on 🇨🇦markets very encouraging, considering it is usually watching paint dry when $MSOS is closed. Still relatively low volume but better than the usual <$1M combined that trades on 🇺🇸holidays.