Alliance Global notes that President Donald Trump signed an executive order directing the Department of Justice to finalize the proposed rule to reclassify cannabis to a Schedule III drug and called on Congress to work to provide patients access to full-spectrum CBD products. While there was some speculation that a mandate for cannabis banking would be included in the order, the fact it was not within the EO “does not mean it can’t come at another time,” says the analyst, who also notes that President Trump has already announced support for cannabis banking in the past. Publicly traded companies in the cannabis space include Innovative Industrial Properties (IIPR), Aurora Cannabis (ACB), CV Sciences (CVSI), Canopy Growth (CGC), Cronos Group (CRON), Goodness Growth (GDNSF), Green Thumb Industries (GTBIF), IGC Pharma (IGC), Tilray (TLRY), Trees Corporation (CANN) and Trulieve Cannabis (TCNNF).
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