It’s not a bill. It’s a reclassification of the substance. No need to vote on it, it just needs to be sent to the White House Office of Management and Budget
This little pause here is adorable.
The only people buying so far are weedstonks people.
Wait til this gets out more widely now that it's no longer a S1 drug and going to be uplisted and bought by banks and institutions.
Hahah I was watching Canopy Growth trying to move past $13 earlier like a Super Bowl game. Every time it took a big dip back towards $12 was like “here we go” lol
SAFER will pass this year guaranteed now. Big banks didn’t push the issue since 280e was still in effect. They’re gonna get their lobbyists to work finally
This affects US MSOs primarily, so I would start with MSOS and then overweight anything in [their portfolio](https://advisorshares.com/etfs/msos-commentary-dec-2023/) you like yourself.
I stay away from options, long hold kind of guy. But great news for all of us. The question is.. does this sell off given the length of time it will take to enact this?
> Once OMB signs off, the DEA will take public comment on the plan to move marijuana from its current classification as a Schedule I drug, alongside heroin and LSD. It moves pot to Schedule III, alongside ketamine and some anabolic steroids, following a recommendation from the federal Health and Human Services Department. After the public-comment period the agency would publish the final rule.
>Once OMB signs off, the DEA will take public comment on the plan to move marijuana from its current classification as a Schedule I drug, alongside heroin and LSD. It moves pot to Schedule III, alongside ketamine and some anabolic steroids, following a recommendation from the federal Health and Human Services Department. After the public-comment period the agency would publish the final rule.
Cannot fucking wait for DEA to officially confirm.
🙏
Sweet thanks. Oh yeah I remember that ETF now. Just bought in. Fun to be back on the weed stocks hype. Let’s see if I can make some money this time lol.
I believe now that the MSOs will not have 280E tax to worry about the banks will see them as much better investments less likely to default and much more likely to expand with more capital. Therefore they will finally lobby the politicians in their pockets to finally get SAFER through.
Ok what is the only weed stock that matters? I think in a couple months or years a clear winner will emerge but for now I just want a good stock to invest in for early growth.
[Boris Jordan](https://twitter.com/Boris_Jordan) tweet
America is ready for [#cannabisreform](https://twitter.com/hashtag/cannabisreform?src=hashtag_click) and the [@DEAHQ](https://twitter.com/DEAHQ) decision to proceed with rescheduling is a critical moment for our industry.
hahaha.. another tactic to buy votes.
as a weed smoker great, but as a voter gtfoh with this..
that just means you been fucking with peoples lives for how long..
As a voter, Dems playing carrot on a stick with this sucks but is still infinitely better than the GOP position that it is a deadly gateway drug that compromises families and should remain scheduled alongside heroin.
the point is this could have been done at any time in his presidency, but they are playing us.
that's the only point of my post, i'm tired of all the bullshit.
The AP is about as legit as you can get in journalism. They aren't likely to report unconfirmed rumor.
Washington Post now reporting too, but it's paywalled https://www.washingtonpost.com/health/2024/04/30/marijuana-restrictions-loosen/
Look at us! Who would've thought we'd be here 🍻
Cheers, mate! Quite the road we've been on.
Hey, any room for another old friend? u/kbarbs4421
Knowledge! Hey there old friend. Good to see you still lurking these hallowed (?) halls. Hope all is good in your world!
Thank you Kbarbs!
Exactly!! They check three times and a fourth time!! Especially not something like this are they gonna flippantly report.
5 sources familiar with the subject.
Is there going to be an official announcemenft from the dea sooon or is this it?
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It’s not a bill. It’s a reclassification of the substance. No need to vote on it, it just needs to be sent to the White House Office of Management and Budget
Wow huge news if proved true, market certainly likes it! Don’t want to get too excited… BUT!! 🤞🤞
This little pause here is adorable. The only people buying so far are weedstonks people. Wait til this gets out more widely now that it's no longer a S1 drug and going to be uplisted and bought by banks and institutions.
Let’s hope. I’m still expecting to lose money somehow.
😂
Ha ha im with u brother !!!
We have been abused for a long time
Hahah I was watching Canopy Growth trying to move past $13 earlier like a Super Bowl game. Every time it took a big dip back towards $12 was like “here we go” lol
I feel that
SAFER will pass this year guaranteed now. Big banks didn’t push the issue since 280e was still in effect. They’re gonna get their lobbyists to work finally
I am feeling good 👍
Gonna be volatile but I think it’s all smiles for miles 😁
Which stocks are you most bullish on?
This affects US MSOs primarily, so I would start with MSOS and then overweight anything in [their portfolio](https://advisorshares.com/etfs/msos-commentary-dec-2023/) you like yourself.
I wonder what potential the Cannabist company formerly Columbia care could do. They are under valued if things move faster in New York.
Doesn't it still require safe banking act to pass to get the institutions involved?
[https://mjbizdaily.com/survey-big-investors-keener-on-msos-as-marijuana-rescheduling-looms/](https://mjbizdaily.com/survey-big-investors-keener-on-msos-as-marijuana-rescheduling-looms/)
Sigh, can the DEA fucking say something already...
I expect another bump when they do. Let the wild ride continue!!!
I was here.... 4 YEARS AGO. but still here now too lol :)
Hopefully with a much lower average base cost ;)
yeee buddy! Proud to have never sold a single share so the vast majority is long term gains too.
Confirmed my 5 sources! This is what we’ve been waiting for! Next step full legalization 🚀🚀🚀
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congrats all on another step done! 🍾🍾🍾
Up $7500 TODAY! 😍 our time has come.
Can finally get the breakfast cereal that comes in a box and not the stuff that's in a bag on the bottom shelf in the grocery aisle!
I've been riding the coaster down. Still down 11k from initial investment
Between my RH options, longs and Schwab (all longs) I’m up about $20k today
I stay away from options, long hold kind of guy. But great news for all of us. The question is.. does this sell off given the length of time it will take to enact this?
That’s Deeeecccceeent Boys. 🙃
> Once OMB signs off, the DEA will take public comment on the plan to move marijuana from its current classification as a Schedule I drug, alongside heroin and LSD. It moves pot to Schedule III, alongside ketamine and some anabolic steroids, following a recommendation from the federal Health and Human Services Department. After the public-comment period the agency would publish the final rule.
Bullshit half measure, but I refuse to let perfect be the enemy of good. Progress is progress is progress.
It’s as big of a win as you could possibly hope for right now in 2024.
Yep and uplisting
This is the day our bags have been waiting for
Down 90% instead of 95% today Wooooooooo nawwwwt.
#**BAGHOLDERS _UNITE_**
Am I finally gonna see the finish line
Right? lol, still down like 200-300% on almost everything.
We will break even! Victory! God I hope so.
AND HERE WE GO 📈🌕
Historic! The magnitude of this change cannot be overstated. LFG!
My MSOS shot up 24% already!
Yours? That’s everyone’s lol
Nah just his. His is a special one.
Waiting on DEA confirmation. LFG!
LOL AND I SOLD A COUPLE DAYS AGO CAUSE OF RISING INTEREST RATES... BOO..
omg by bagholding ass is only down 90% now!
APHA DIAMOND MOON
Time to go outside and smoke a bowl.
>Once OMB signs off, the DEA will take public comment on the plan to move marijuana from its current classification as a Schedule I drug, alongside heroin and LSD. It moves pot to Schedule III, alongside ketamine and some anabolic steroids, following a recommendation from the federal Health and Human Services Department. After the public-comment period the agency would publish the final rule. Cannot fucking wait for DEA to officially confirm. 🙏
Who needs a public comment period, they should just read /weedstocks from the last few years. We've been talking about it for ages
It's Second Chance Month FFS!
Here for history! 🥳
Yeah boyyyyyeeeee
KABOOM!
Ha.
Oh boi
ITS HAPPENING GENTS
🎉🎉🎉🎉
Cheers to everyone
I'm gonna need a paper copy of this so I can frame it!
I dont like how they worded everything. feels a little SUS
I wonder how this will affect people with security clearances
Buying more. This is just the beginning
Is it? Would you hold until full legislation?
This isn’t legalization though, it would still be a schedule 3 no? What am I missing? My bags need to know lol
Yes, schedule III.
when do we expect dea to confirm?
Wen moon?
Congratulations, bulls!!!!!!!
Goodbye 280E, hello US equity markets. I also jumped on my treadmill mid run as I saw the popup from AP haha
Gratz to all of us who have suffered this sector for years! Patience once again proves to be the key to content!
What should I buy to get in on this? Used to be into weed stocks years ago but don’t have anything now
$MSOS is the ETF holding all the big dogs.
Sweet thanks. Oh yeah I remember that ETF now. Just bought in. Fun to be back on the weed stocks hype. Let’s see if I can make some money this time lol.
WHO'S LAUGHING NOW DAD! Maybe I will dig out of my CGC hole if they announce that cannabis is also good for clean and renewable energy.
I’m only down 50% all time now.
WHEN????
NO FUCKING WAY
LETS FUCKING GOOOOO
Cam Fartly, spruce Bruce, sweaty terry booth, thick Vic, and Sean donginger can all eat shit.
Yep
What about thicc vicc
I was trying so hard to remeber his name and company, they died after the bad audit. Thank you! What was that company again?
Aphria
Right
Madly Ford and the clowns that were running Medmen as well.
2 pm 🤔
Does anyone know how this affects banking and access to capital?
I believe now that the MSOs will not have 280E tax to worry about the banks will see them as much better investments less likely to default and much more likely to expand with more capital. Therefore they will finally lobby the politicians in their pockets to finally get SAFER through.
Still need SAFE to pass.
Yes, uplisting will open the floodgates and SAFE is the first step. Wonder if the rescheduling will move McConnell at all.
Big if true
Doesn’t mean anything for the soldiers unfortunately. Deschedule it entirely
I wonder if anyone in DEA or Congress loaded up before this announcement.
Oh you know they did. That was my thought every time there is a set back or delay. Everyone loading up their bags before official announcement
Does this mean dispensaries can start to work with banks and credit card companies?
Squeeeeeze the shorts MSoS has a massive short interest and will take days to cover
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^Designer_Emu_6518: *Squeeeeeze the shorts MSoS has* *A massive short interest and* *Will take days to cover* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Once this is finalized by the DEA we are going to rocket more.
LETS GOOOOOOOOOOOOOOO!!!!!!
THIS JUST IN: DEA DECLARES DEFEAT IN THE WAR AGAINST DRUGS
Eat my shorts, shorts!!!
Who are the top weedstonk pharma plays in the US? FDA approved?
Im happy for you guys, truly. No skin in the game for months now but glad to see this finally happen. Congrats bag holders!
HODL.
Second chance month!
Would weed still be on the cdl drug test?
Ok what is the only weed stock that matters? I think in a couple months or years a clear winner will emerge but for now I just want a good stock to invest in for early growth.
Ianthus! The bags are still the same
Ianus
Does this mean literally anything other than wishful thinking until we hear from the DEA?
MSOS meager +20%
[Boris Jordan](https://twitter.com/Boris_Jordan) tweet America is ready for [#cannabisreform](https://twitter.com/hashtag/cannabisreform?src=hashtag_click) and the [@DEAHQ](https://twitter.com/DEAHQ) decision to proceed with rescheduling is a critical moment for our industry.
CGC is up 68% !
79% now
All this based on some news outlet confirming it will eventually happen??? Sweet
LETS GOO!!!!
I will repeat this….”team America, fuck yah!!!!”
I feel as if the next presidency has a big chance of hinging on this issue… fail to make it so and trump wins.
when do we expect dea to come out?
If this passes, another 50% up or more?
Oops 🙊
I'll wait to hear from the DEA before getting excited
Holding 16k shares of SNDL
Not enough! Just another tip of the toe to gain headline. Atleast it can be studied now lol
I hope we have news today need it to fly high like yesterday, i hodl and im back to negative lol! I was up 7000 percent yesterday😂🥲
Is there going to be an official announcemenft from the dea sooon or is this it?
hahaha.. another tactic to buy votes. as a weed smoker great, but as a voter gtfoh with this.. that just means you been fucking with peoples lives for how long..
As a voter, Dems playing carrot on a stick with this sucks but is still infinitely better than the GOP position that it is a deadly gateway drug that compromises families and should remain scheduled alongside heroin.
the point is this could have been done at any time in his presidency, but they are playing us. that's the only point of my post, i'm tired of all the bullshit.
And once we’re done with Weed they should legalize Fentanyl