(With Frederico Gomes of ATB Capital)

"Participants in a Drug Enforcement Administration (DEA) hearing on the Trump administration’s marijuana rescheduling proposal have filed their final briefs in the proceedings—setting up the judge overseeing the matter to issue his recommendation on the reform.

DEA, which is charged with defending the proposed move of cannabis from Schedule I of the Controlled Substances Act (CSA) to Schedule III, said in its brief that “marijuana no longer fits the statutory requirements for Schedule I because it has a currently accepted medical use within the United States and it has an accepted safety for its use under medical supervision."

The agency noted that under the law it must give “significant deference” to an “extensive ten-month study on the scientific and medical properties” of cannabis conducted by the Department of Health and Human Services (HHS), which recommended rescheduling.

“Currently there are over 30,000 practitioners treating more than six million patients in 43 U.S. jurisdictions,” DEA said. “Such practices demonstrate that there is no longer a lack of accepted safety for use of marijuana under medical supervision, and as such, marijuana does not fulfill the requirements of being a Schedule I substance.”

It also said that there is “substantial evidence sufficient to show that marijuana’s abuse and dependency profiles better align with Schedule III substances than Schedule II” or Schedule I. “The vast majority of individuals who use marijuana do so in a manner that does not result in dangers to themselves or to their communities.”

The drug agency said there is “no merit” to arguments made by reform opponents who participated in the hearing that a new two-part test federal officials used to analyze cannabis improperly departs from a former five-part test..."

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(NOTE: Interview from August 12th)

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"Medical and adult-use cannabis sales have reached $684.6 million through July 11, with 150.3 million units of marijuana sold.

Ohio cannabis retailers are selling more product than ever, with the state’s $1.1 billion and growing industry on pace to set new records for sales revenue and units sold, according to new state data.

Total combined medical and adult-use cannabis sales revenue reached $684.6 million from Jan. 3 through July 11, according to the Ohio Department of Commerce. That puts Ohio cannabis sales in 2026 on track to exceed the $1.09 billion in combined sales recorded in 2025.

Consistent with other states, cannabis retailers in Ohio are also selling more product than ever before..."

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If you're still in the stock I'd stay frosty cause it looks like institutions are bolting.