Cannabis Market Reaction: Shares of cannabis companies rebounded after reports that President Trump plans to sign an executive order to reschedule marijuana, which could benefit the industry despite not legalizing it nationwide.
Executive Order Details: The order aims to move cannabis from Schedule I to Schedule III under the Controlled Substances Act, potentially allowing for tax breaks and fewer restrictions for cannabis companies.
Market Performance: Notable cannabis ETFs, including AdvisorShares Pure US Cannabis ETF and Amplify Alternative Harvest ETF, saw significant gains following the announcement of the rescheduling plans.
Political Opposition: Some political figures, like GOP Rep. Lawler, have expressed opposition to the rescheduling plan, labeling marijuana as a "gateway drug."
Wall Street analysts forecast MSOS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSOS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast MSOS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for MSOS is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 4.520
Low
Averages
High
Current: 4.520
Low
Averages
High
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
