Alliance Global Partners says President Trump last night made comments on social media more definitely in favor of cannabis, saying he would vote yes on the Florida adult-use cannabis measure, was supportive of rescheduling cannabis to Schedule III from Schedule I, and favored common sense federal cannabis reform such as banking for state-legal cannabis. The firm views the more definitive statement from former Trump as “derisking a Trump victory stalling Schedule III review.” A Trump victory could potentially clear the way for cannabis reform via legislature given reform has historically had strong Democratic support and now former President Trump is setting the stage for more Republicans to support cannabis, the analyst tells investors in a research note. Publicly traded companies in the space include Aurora Cannabis (ACB), CV Sciences (CVSI), Canopy Growth (CGC), Cronos Group (CRON), Goodness Growth (GDNSF), Green Thumb Industries (GTBIF), IGC Pharma (IGC), Tilray (TLRY), Trees Corporation (CANN) and Trulieve Cannabis (TCNNF).
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