Curaleaf Holdings Inc T.CURA

BREAKING DEA Reclassifying Cannabis

[blackspade799]

AP Exclusively Breaks News That DEA Moving to Reclassify Marijuana as a Less Dangerous Drug

https://www.ap.org/news-highlights/best-of-the-week/2024/ap-exclusively-breaks-news-that-dea-moving-to-reclassify-marijuana-as-a-less-dangerous-drug/

[Luminous]

So all that other stuff shouldn't matter - Safe Banking, Garland memo, if it's reclassified it opens it up to ALL normal business practices?

[blackspade799]

DEA Schedule 3 will remove 280E tax. Maybe up listing, reason why major exchanges have been calling. Cannabis will still be federally illegal but states will be given more clemency from the Federal gov. Garland Memo is needed to insure gov will stay onside to give market makers greater access and custody shares. Garland Memo can be released before SC3. SAFER Banking is just a clown show to justify

[TheProphetElijah]

It all sounds good but still can't regain $8.

[Saxman]

Yeah but, Yeah but. Try to realize it's still early days. What has Boris done....just with Curaleaf's footprint has built the largest Global cannabis company in the world. Approaching eight dollars is insignificant.

[blackspade799]

Sax the ignore buttom works great. :)

[TheProphetElijah]

Yeah that's true.  You never know when the 'market' will flip the switch and run it up.

[Luminous]

What was that about $8 prophet??

[TheProphetElijah]

Looks like Cura might finally be getting the value recognition it deserves, but one day doesn't make trend - lets see what happens today:

[TheProphetElijah]

In the red, just can't hold onto the $8 handle.

[blackspade799]

This AP article is an excellent example what real journalism looks like. There was multipule collaboration to verify the 5 internal sources were all accurate. DEA has recomended Schedule 3. Its in the OMB's hands right now;    Step 1: OMB is currently reviewing the DEA proposa. They have a maximum of 90 days to analyze but consensus appears OMB that will approve w/in next 2 weeks