Cannabis Stocks Lose Buzz Despite This Landmark Decision – Investor's Business Daily

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12 May, 2026

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Cannabis stocks rose Thursday after the Trump administration, in a landmark decision, reclassified marijuana as a less-dangerous drug. But early stock gains faded. Marijuana now goes from being classified among the most dangerous drugs to Schedule III, a federal designation for drugs with a moderate to low potential for dependence and abuse. The Department of Justice said the federal order…
12/17/2025 Trump kicked off a marijuana stock rally last week and it picked up steam Wednesday prior to signing an executive…
12/17/2025 Trump kicked off a marijuana stock rally last week and…
“You can now fuse your industrial capability, your manufacturing capability, with artificial intelligence, and that brings you into the world of physical AI, or robotics,” Nvidia CEO Jensen Haung said at the World Economic Forum. (IM Imagery/Shutterstock)
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