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US reclassifies medical marijuana to Schedule III, easing regulations and boosting cannabis industry prospects.

Market News
23 Apr 2026
Forbes
View Source
Bullish
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The US Department of Justice has reclassified medical marijuana from Schedule I to Schedule III, reducing its regulatory restrictions. This change means FDA-approved and state-licensed medical marijuana is now considered less dangerous, which could open up new business opportunities and investment in the cannabis sector. Tilray's CEO Irwin Simon praised the move, highlighting its positive impact on the industry. This regulatory shift is expected to encourage growth and innovation in medical cannabis markets.

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