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0 0 0.0241026171511327 0.0241026171511327 0.0136547015620152 0.00351712009930696 0 -0.0112754732595428
Stock impact report

Why Is The MSOS Cannabis ETF Soaring Again? Rescheduling May Be 'Imminent' [Seeking Alpha]

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Seeking Alpha
Senator Cory Booker appeared to accidentally hint that rescheduling is in the works. Rescheduling cannabis to Schedule III could lead to improved cash flows and lower costs of capital for US cannabis operators. I discuss my top picks in the sector. Looking for a portfolio of ideas like this one? Members of Best Of Breed Growth Stocks get exclusive access to our subscriber-only portfolios. Learn More » The stocks of the US cannabis operators were soaring on Friday, with the popular MSOS ETF ( NYSEARCA: MSOS ) up around 10%. With the Drug Enforcement Administration (‘DEA') undergoing a review of the United States Department of Health and Human Services' (HHS) recommendation to reschedule cannabis, there have been no shortage of headlines for the sector. However, today's price action appeared more sharp than usual as some of the headlines appeared to carry more weight. In this report, I dissect the various headlines, review the significance of rescheduling, and discuss my top pi Show less Read more
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