[MSOS, TLRY] The DEA judge cancels all marijuana's rescheduling hearings amidst accusations of bias of the DEA, for at least three months.
Posted: Jan 14, 2025
- DEA hearings for marijuana rescheduling to III delayed at least three months
- DEA accused of purposely slowing down process and bias against rescheduling
- Allegations of incompetence and sabotage
- Uncertainty about next DEA head administrator
- Poster plans to sell remaining positions on Jan 20th
- DEA Judge cancels marijuana rescheduling hearings, delaying reform for at least three months
- Hearings canceled due to legal challenges from pro-reform witnesses
- Judge rejected key arguments about alleged improper communications and witness selection by DEA Administrator Anne Milgram
- DEA criticized for procedural missteps contributing to delay in rulemaking
- DEA ordered to provide update on status of interlocutory appeal every 90 days
- DEA defies directive on submission of public comments for rescheduling proposal
- DEA judge denies cannabis research company's request to add a witness and delays rescheduling hearings
- Trump administration prepares to take office with a different DEA administrator
- Rescheduling marijuana to Schedule III would not federally legalize it but could free up licensed cannabis businesses for tax deductions and remove research barriers
What do people on Reddit think?
🚨 Reddit sentiment: negative - Most of the comments express dissatisfaction and distrust towards the DEA and government actions regarding marijuana rescheduling, indicating bearish sentiments towards marijuana stocks like $MSOS and $TLRY. Summarized comments: - The slow walking by the DEA is seen as meddling by big pharma and alcohol lobbies who profit from marijuana remaining illegal - Users express frustration with government processes being slow and unreliable for investment decisions - Many comments mention corruption within the DEA and government, accusing them of delay tactics to stall marijuana legalization - Some believe that only when big corporations figure out how to monopolize cannabis will legalization proceed - Skepticism about investment in marijuana stocks until federal legalization occurs, and suggestions to invest in big pharma, tobacco, and alcohol once they enter the market - Calls for collective action among marijuana users to push for reforms, but acknowledgment of challenges in organizing Stock tickers discussed: $MSOS, $TLRY
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