Stock Track | AdvisorShares Pure US Cannabis ETF Soars 15.48% in Pre-market on US Marijuana Reclassification

Stock Track04-23

The AdvisorShares Pure US Cannabis ETF (MSOS) experienced a significant pre-market surge of 15.48% on Thursday.

The sharp increase follows an announcement from the U.S. Acting Attorney General that the Department of Justice was reclassifying FDA-approved and state-licensed medical marijuana as a less-dangerous drug.

This decision represents one of the most significant federal changes to marijuana policy in decades and removes barriers to researching the drug's potential use cases, which is viewed as a positive development for the cannabis industry.

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