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  5. CURA: Hi There, can you please comment on yesterdays news that US Health Services May reclassify Cannabis, and the positive reaction of the market? [Curaleaf Holdings Inc. Subordinate Voting Shares]
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Q: Hi There, can you please comment on yesterdays news that US Health Services May reclassify Cannabis, and the positive reaction of the market? Do you think this will lead to US GOV starting to move forward on the Safe Banking Act and other cannabis-related initiatives toward legalization? In other words coukd it finally be time to jump in - I’m thinking CURA the No. 1 US MARKET CAP company.

Thanks!
Robert
Asked by Robert on August 31, 2023
5i Research Answer:

It is absolutely a step in the right direction, but there could still be objections. The US Dept. of Health has 'written a letter' to the DEA but the DEA has final say if cannabis is to be reclassified. It now intends to conduct a 'review' of the proposal. CURA popped 25% today. We agree it should benefit, but because of possible time delays we might wait a bit here for it to settle down. It could still be a long process. 

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