Cronos Group Inc CRON shares are buying and selling larger by 6.9% to $1.86 Wednesday afternoon amid energy within the broader hashish sector. Shares of hashish shares are buying and selling larger following a report suggesting the Division of Well being and Human Companies (HHS) has known as for transferring marijuana to a lower-risk drug class.
See Additionally: Well being Officers To DEA: Ease Federal Restrictions On Hashish – Will This Set Stage For Legalization?
Based on a letter dated August 29 seen by Bloomberg Information, a high-ranking official from the Division of Well being and Human Companies has written to DEA Administrator Anne Milgram, urging the reclassification of marijuana from Schedule I to Schedule III underneath the Managed Substances Act.
This shift displays a big change, as Schedule I substances embody extremely abused medication like heroin.
The advice is knowledgeable by an FDA analysis of marijuana’s classification. The Managed Substances Act categorizes substances based mostly on medical utilization, abuse potential and security.
These shifting circumstances dealing with the hashish trade will probably be mentioned on the Benzinga Hashish Capital Convention so you will not need to miss out. Be a part of us in Chicago this September 27-28.
Get your tickets in the present day earlier than costs enhance and safe a spot on the epicenter of hashish funding and branding.
Based on information from Benzinga Professional, Cronos Group has a 52-week excessive of $3.62 and a 52-week low of $1.64.
