Ahead of a January 18th catalyst day, the cannabis industry is seeing heightened investor interest due to potential regulatory changes that could reclassify marijuana to Schedule 3, reducing tax burdens under IRS Section. Health and Human Services Secretary Xavier Becerra has confirmed ongoing collaboration with the DEA on rescheduling marijuana. In Canadian markets, where U.S. markets were closed, $MSOS's major holdings surged, with $GDNS and $GDNSF stocks soaring 45.71% and 62.86% respectively. US$12M notional was traded in $MSOS's underlying basket. Some traders realized a 138% return, turning $50k into $130k over the long weekend, bolstered by FDA support for reclassifying marijuana as a less risky drug, which pre-market showed a +6.7% increase. This shift could dismantle illegal markets and promote research, with significant implications for public health.
‘All Clear’ to Buy Cannabis Stocks? Not Quite. 🚨For the first time since the 1970s, the U.S. government recognized the medicinal value of cannabis, opening up the possibility of marijuana’s reclassification from a Schedule I to a Schedule III substance. But @HowardWPenney says… https://t.co/uXe6rwTPFI
There are several good reasons for the DEA to reschedule legal cannabis in the interest of public health and safety. The move, supported by FDA, aims to strengthen standards, eliminate illegal markets, and promote research into the effects of cannabis use, particularly on youth.… https://t.co/BhrQhpUxVZ
These $MSOS traders exited today for a 138% return over the long weekend, turning around $50k into $130k due to positive FDA weed news. https://t.co/t7EMw28uyZ https://t.co/q9A2Dv0uR4
Cannabis stocks tend to rally on any hint of a federal move on pot and today is no exception. The sector remains volatile because few or no institutions dare to invest for now and that leaves more fickle retail investors in the space. https://t.co/PGFPADfEuZ
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
Top Biden Health Official In Touch With DEA About Marijuana Rescheduling Recommendation https://t.co/EtO1zrltNT
$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.
Put on some interesting risk/reward call spreads last week that cost very little ahead of January 18th catalyst day (Discord Alert)...the marijuana industry could see a short term revaluation due to perception of lower tax burden (Schedule 3, no longer subject to IRS Section…