The cannabis rescheduling is causing celebration — and confusion — as marijuana stocks sell off

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94%
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Short Term

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Marijuana stocks sold off Thursday, after acting U.S. Attorney General Todd Blanche signed an order rescheduling FDA-approved and state-licensed medical cannabis products as a less harmful substance — a move that led to celebration but also confusion among industry observers.

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Original article published by MarketWatch on April 24, 2026.
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