Kelly Evans (Anchor) 00:00.070
we've got some breaking news impacting the cannabis stocks brandon gomez has the details brandon
Brandon Gomez (Reporter) 00:04.830
hey kelly yeah that's right you just saw that last hour president trump was signing an executive order to reschedule cannabis from a schedule one to a schedule three jungle that's taking the drug and aligning it from drugs like heroin and LSD to to drugs like tylenol with
Brandon Gomez (Reporter) 00:18.790
codeine or steroids that have more medical benefits in terms of that classification that's the big move here is they're going to open up access to medical research for the drug allow more investment to come into the drug and then also for those companies that have been selling
Brandon Gomez (Reporter) 00:31.790
the drug as well giving them opportunities to take off basic tax deductions that they were previously not able to do also in conjunction doctor oz announcing a medicare pilot program to give some seniors who qualify access to the drug as well these are really huge moves a
Brandon Gomez (Reporter) 00:46.830
massive move for the industry that's taking place you know since the last fifty years this has been one that we've been sort of ramping up to to this point
Tyler Mathisen (Anchor) 00:54.650
brandon gomez the stocks all on the move brandon thank you
Kelly Evans (Anchor) 00:59.060
and confirming again what was rumored for some time now