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Stock impact report

White House is considering reclassifying marijuana to ease restrictions on the drug [CNN]

Scotts Miracle-Gro Company (The) (SMG) 
Last scotts miracle-gro company (the) earnings: 1/29 07:00 am Check Earnings Report
Company Research Source: CNN
“We are considering that because a lot of people want to see it — the reclassification, because it leads to tremendous amounts of research that can't be done unless you reclassify. So, we are looking at that very strongly,” Trump told reporters in the Oval Office. Trump's comments come a year after he suggested his return to the White House would usher in a new era for marijuana, one that would make it easier for adults to access safe products and give states greater leeway to pursue legalization. Two sources told CNN the White House has been involved in discussions about reclassifying marijuana from a Schedule I to a Schedule III drug, which the Drug Enforcement Administration defines “as drugs with a moderate to low potential for physical and psychological dependence.” The DEA defines Schedule I drugs as those “with no currently accepted medical use and a high potential for abuse.” Marijuana is in the same drug classification as heroin, LSD and meth. People familiar with th Show less Read more
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