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Stock impact report

Akanda Corp. Welcomes Momentum Towards Cannabis Reform in the United States [Yahoo! Finance]

Akanda Corp. (AKAN) 
Company Research Source: Yahoo! Finance
US President Donald Trump and his administration are considering changes and the reclassification of federal cannabis policy in the USA, including potential rescheduling of cannabis from Schedule I to Schedule III. Schedule III drugs are considered to have a medical value and a lower abuse potential as defined by the Drug Enforcement Administration. "Cannabis policies are long overdue for modernization," said Interim CEO Katie Field. "The US Administration is taking steps to treat cannabis through a science-led, public-health framework which has the potential to accelerate medical research, improve consumer safety, and help move regulated markets further away from the risks of the illicit supply chain." This effort mirrors, in spirit if not in scope, the pathway Canada forged with its Cannabis Act, which came into force on October 17, 2018 and created a comprehensive legal and regulatory framework for both adult-use and medical cannabis nationwide, shifting cannabis out of prohibi Show less Read more
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