High Hopes: Pot Stocks Blaze As Trump Eyes Rescheduling

Cannabis stocks rallied Wednesday morning following fresh reports that President Donald Trump is poised to sign an executive order rescheduling marijuana from Schedule I to Schedule III.

CGC stock is climbing. See the chart and price action here.

The news sent a wave of optimism through the cannabis sector as investors anticipated long-awaited financial liberation associated with Schedule III: the removal of IRS Section 280E.

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Tax Relief

Section 280E of the tax code prohibits businesses from deducting otherwise established business expenses from income associated with the trafficking of Schedule I or II substances.

For years, 280E has crippled U.S. ...

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High Hopes: Pot Stocks Blaze As Trump Eyes Rescheduling

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