This Is How the AI Bull Market Ends

The AI bull market as we know it right now will end...And all the big popular AI stocks investors are piling into right now will NOT be the where the biggest returns will come from. And for investors who don't know how the market is changing and where it's going...They could end up left behind.

House Democrats Urge DEA To Speed Up Cannabis Rescheduling

Franca Quarneti
October 01, 2024

Top Democrats from influential House committees are urging the Drug Enforcement Administration (DEA) to expedite the process of rescheduling cannabis.

In a letter sent to Attorney General Merrick Garland and DEA Administrator Anne Milgram, Representatives Jerrold Nadler (D-NY) and Frank Pallone (D-NJ), ranking members of the Judiciary and Energy & Commerce Committees respectively, stressed the need for quick action following a scientific review by the Biden administration.

See Also: ‘No Turning Back Now’: Cannabis Rescheduling Gains Momentum, Expert Offers Timeline

According to Marijuana Moment, the lawmakers argue that cannabis has “less potential for abuse than other drugs” and serves an “accepted medical use in treatment.”

Their comments align with recommendations from the Department of Health and Human Services (HHS) and the Department of Justice, which have called for the reclassification of cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA).

“We value the Department of Justice's steadfast commitment to prevent the misuse and diversion of controlled substances that pose a threat to public health," Nadler and Pallone wrote.

The lawmakers applauded the Biden administration for initiating the review and urged the DEA to “swiftly complete this process and transfer marijuana to schedule III.”

Push For Full Descheduling

While the immediate focus is on rescheduling to Schedule III, which would loosen some federal restrictions on cannabis, the legislators also urged federal agencies to explore further reform.

They said that “continuing to assess whether schedule IV, schedule V, or descheduling may be appropriate” could be the next step in aligning cannabis policy with evolving scientific and medical understanding.

Descheduling, which would remove cannabis from the CSA entirely, remains a key objective for many advocates and lawmakers, including Nadler, who has previously sponsored the MORE Act – a bill that would result in full legalization.

Election-Year Focal Point

The timing of the lawmakers' push comes as cannabis policy increasingly takes center stage in U.S. election politics. Both major parties are positioning themselves on the issue as the 2024 presidential election approaches.

However, final action on the rescheduling is not expected until after November, with the DEA scheduling an administrative hearing on the matter for December 2. This hearing will allow for further input from experts and stakeholders before the agency potentially finalizes its decision.

Read Next:

  • DEA Boosts Psychedelics Production For Research, Cannabis Quotas Hold Steady Ahead Of Rescheduling

Continue Reading...

Popular

White House Counters GOP Accusations Of FEMA Funds Misuse, Denies Disaster Relief Funding Was Used For Migrant Housing: 'Bald-Faced Lies'

The White House has denied Republican claims of FEMA mismanaging disaster relief funds after Hurricane Helene, stating that no disaster relief funding was used to support migrants, and warning against the spread of misinformation.

Mark Cuban, An Ardent Kamala Harris Supporter, Isn't Keen On Elizabeth Warren As He Is On Her Pro-Crypto GOP Rival: Here's Why

Billionaire investor and television celebrity Mark Cuban has thrown his support behind Republican Senate hopeful John Deaton, who is running against anti-cryptocurrency crusader Sen. Elizabeth Warren (D-Mass.).

U.S. Loses to China in Shocking WAR GAMES - Ad

Pentagon says new "living missile" key to winning a future conflict. Investors stand to reap 35,960% on shares of the small defense contractor that makes powerful new weapon.

Jim Cramer Hand Picks These 3 Stocks To Ride The Crest Of The Chinese Stimulus Frenzy

China has gone out in full throttle to stimulate its economy and analysts are mostly upbeat about its ramifications.

Court throws out manslaughter charge against clerk in Detroit gas station shooting

DETROIT (AP) — The Michigan Court of Appeals threw out a manslaughter charge against a Detroit gas station clerk who locked the door before an , killing one.

Sell This Stock Before Election Day - Ad

Since the AI investing trend kicked off last year, the line between U.S. politics and the U.S. stock market has never been thinner. One 50-year Wall Street is stepping forward to warn of a dramatic market event that could rock the U.S. stock market before Election Day.

Details on the U.S. $7,882 Stimulus - Ad

The U.S. Government recently announced a new "stimulus program"...And it could hand you a payment for as much as $7,882 -- each quarter. See, it has to do with a leaked 19-page memo...Better still, you can collect these payouts every single quarter -- for life...I call this the "Stimulus Stipends" program.

Vista, Blackstone buying software maker Smartsheet for about $8.4 billion

Private equity firms Vista Equity Partners and Blackstone are buying software maker Smartsheet for approximately $8.4 billion in cash.

Buffett's Big A.I. Secret (Handle With Care) - Ad

A.I. is the talk of the town...But here's what they're NOT telling you. Former investment banking V.P. Ross Givens is letting the cat out of the bag. He's leaking a revolutionary new development, which changes everything. It will kick off A.I.'s massive second wave.

Before you sign up for a store credit card, know what you're getting into

NEW YORK (AP) — When Mykail James was 19 and working a holiday job at Victoria's Secret, she took out a store credit card with a $2,000 credit line.

IM Cannabis' $1.6M Non-Brokered Private Placement Offering, Here's What Investors Need To Know

Medical cannabis company with operations in Israel and Germany, IM Cannabis Corp. (NASDAQ: IMCC) (CSE: IMCC), intends to undertake a non-brokered private placement offering of up to $1,613,000 through the sale of roughly 625,000 units. What Happened: Each unit will be comprised of one share and one share purchase warrant, with each warrant entitling the holder to acquire one additional share at a price equal to a 50% premium to the offering price before the second anniversary of the closing date. The company plans to close the offering in one or more tranches. It will be led by the company'

Top AI Stock (It's Not MSFT, GOOGL, AMZN or AAPL) - Ad

Ross Givens says the #1 artificial intelligence stock is NOT Microsoft, Google, Amazon or Apple, not even Nvidia. Nope -- his research is pointing to a tiny, under-the-radar stock that's trading for just a few dollars right now... And has lined up major partnerships with Honda, Netflix, Pandora, Mercedes Benz and many, many others.

Quality ratings hit to key Medicare plan shakes Humana stock

Shares of Humana tumbled early Wednesday after the health insurer said a Medicare Advantage quality rating drop will hurt future bonus payments the company receives.

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Home Depot Agrees To $2M Settlement In Customer Overcharging Lawsuit

Home Depot has agreed to a settlement of almost $2 million to resolve allegations that it overcharged customers at checkout.

New Token Poised for Breakout as "Defi 2.0" Takes Off - Ad

Revealed: The #1 DeFi Coin Driving Financial Revolution. Experts hail this as the cornerstone of the new decentralized finance era. While Bitcoin dominates headlines, this governance token is quietly reshaping lending markets. Experts suggest accumulating before institutional money flows in.

Text of the policy statement the Federal Reserve released Wednesday

WASHINGTON (AP) — Below is the statement the Federal Reserve released Wednesday after its latest policy meeting ended:

Shark Tank's Barbara Corcoran Reveals Her Struggle With Alzheimer's In Her Family

Barbara Corcoran, renowned real estate mogul and star of "Shark Tank," has opened up about her personal encounter with Alzheimer's disease, following the loss of her mother to the condition.

Don't Tell ANYONE About This Altcoin (Until It Pops)... - Ad

Quiet now! This governance token could be the sleeping giant of the crypto world... In the next bull market, this "DeFi 2.0" powerhouse might soar 10x... 50x... perhaps even 100x.

House backs measure to overturn Biden auto emissions rule that Republicans say would force EV sales

WASHINGTON (AP) — The GOP-controlled House approved a resolution Friday that would overturn a new Biden administration rule on automobile emissions that Republicans say would force Americans to buy unaffordable electric vehicles they don't want.

A 10,000% Dividend?!? - Ad

Have you seen this strange oil investment? It's NOT a stock, bond, or private company...It has NO age requirements...You do NOT need to be accredited to participate... And you can get in for as little as $25.

Ex-'Apprentice' candidates dump nearly entire stake in owner of Trump's Truth Social platform

A Florida firm owned by former contestants on “The Apprentice” has disposed of nearly all its 5.5% stake in Trump Media & Technology Group, which owns former president Donald Trump's Truth Social platform.

Google says it will stop linking to New Zealand news if a law passes forcing it to pay for content

WELLINGTON, New Zealand (AP) — Google said Friday it will stop linking to New Zealand news content and will reverse its support of local media outlets if the government passes a law forcing tech companies to pay for articles displayed on their platforms.

Jeff Bezos Just Humiliated Elon Musk - Ad

Wall Street legend has just uncovered one tiny Maryland company that could become the next Nvidia. Few in the media are talking about this story yet...but in the next 6 months that's all they'll talk about.

Meta hit with $102 million privacy fine from European Union over 2019 password security lapse

LONDON (AP) — Meta was punished Friday with a fine worth more than $100 million from the social media giant's European Union privacy regulator over a security lapse involving passwords for Facebook users.

Collect 10%+ Dividends From AI's Explosive Growth? - Ad

This one-of-a-kind fund is set to pay out a tsunami of profits to shareholders... Giving you the chance to collect 10%+ dividend yields, year after year! In his brand-new "AI Income Playbook," Marc Lichtenfeld gives you the full scoop on this breakthrough fund... Including its name, ticker symbol, and profit potential.

The benefits of a four-day workweek according to a champion of the trend

Companies exploring the option of letting employees work four days a week hope to reduce job burnout and retain talent seeking a better work-life balance, according to the chief executive of an organization that promotes the idea.

Cathie Wood's Ark Invest Dumps Palantir Shares Amidst S&P 500 Inclusion And Extended AI Alliance

Cathie Wood's Ark Invest sold shares of Palantir on the day the company was included in the &P500. The sale came also as Palantir announced a multi million dollar extension of its deal with APA Corp on Sept. 25, 2024.

The Last Time Gold Flashed This Warning Sign, the Market Dropped 80% - Ad

Both President Trump and Elon Musk are warning about something that could send the market down 50%, real estate down 40% and savings accounts down 30%.

What's Going On With Honeywell International Stock Today?

Honeywell International shares rose 1.57% to $210.41 after announcing a dividend increase from $4.32 to $4.52 per share, effective December.

Boar's Head faces legal scrutiny over deadly deli meat listeria outbreak, USDA says

Boar's Head, the deli meat company at the center of a , is being scrutinized by law enforcement officials, the U.S. Agriculture Department disclosed in response to government records requests.

New "Living Missile" to Replace Nuclear Missiles - Ad

CBS News Reports: "It's an entirely new type of weapon." The New York Times Reports: "No existing defense can stop it." And one small company is building them for the Pentagon!

Cards Against Humanity sues Elon Musk's SpaceX over alleged trespassing in Texas

The maker of the popular party game Cards Against Humanity is accusing Elon Musk’s SpaceX of trespassing on and damaging a plot of vacant land the company owns in Texas.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright smartmoneytrading.net
Privacy Policy | Terms of Service