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The Department of Justice (DOJ) move to reclassifying cannabis from Schedule I to Schedule III provoked a noticeable uptick in cannabis market activities, as detailed in the latest industry report by Water Tower Research (WTR). Cannabis ETFs Surge Ahead Of Rescheduling Announcement According to WTR's report, the U.S. cannabis AdvisorShares Trust AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) rose by 2.89% last week, following $13.3 million in inflows, a spike that notably preceded the DOJ’s announcement. The global AdvisorShares Pure Cannabis ETF (NYSE:YOLO) also saw gains, climbing 3.77%. The proposed policy change, aimed at acknowledging the lesser potential for abuse compared to other controlled substances, has initiated a 60-day comment period, setting the stage for final rule enactment before the Democratic National Convention on August 19. Stay ahead in the cannabis industry’s news and views by joining industry leaders and experts at the upcoming Benzinga Cannabis Capital Conference in Chicago ...Full story available on Benzinga.com

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This 4/20 cannabis retailers anticipate record-breaking sales fueled by last year's +130% spike and the fortunate alignment of this year's celebration falling on a Saturday. As dispensaries gear up for the influx of customers, all eyes are on the leading brands and cannabis companies poised to dominate the market. But, which cannabis companies are strategically positioned to capitalize on the anticipated surge in demand for cannabis products on 4/20? And, what brands are leading in sales across different product categories and states? Brand Dominance In The East And Midwest A sector analysis by Pablo Zuanic of Zuanic & Associates sheds light on the evolving landscape of the cannabis industry, particularly in Eastern states. Notable brands like MariMed's Betty’s Eddies (OTC: MRMD) and Cresco's High Supply (OTC: CRLBF) have emerged as frontrunners in key segments across Massachusetts, Maryland, and Michigan. In Illinois, Cresco's High Supply leads the flower category with a 13.2% market share, showcasing a competitive market with diverse pricing strategies. Massachusetts sees Ascend Wellness's Simply Herb (OTC: AAWH) and Cresco's High Supply as leading brands in the flower segment, with a significant decrease in average ...Full story available on Benzinga.com

Related tickers: VRNOF, GDNSF, ITHUF, AAWH, GRAM, GHBWF, MRMD, CBSTF, MMNFF, GTBIF, TCNNF, CURLF, CRLBF, FFNTF, STHZF, AYRWF.