Planet 13 Hails Cannabis Rescheduling as Catalyst for Industry Growth

Reuters12-22 19:30

Planet 13 Hails Cannabis Rescheduling as Catalyst for Industry Growth

Planet 13 Holdings Inc. has issued commentary in response to the December 18, 2025 Executive Order directing the Attorney General to expedite the process of rescheduling marijuana to Schedule III of the Controlled Substances Act. The company views the rescheduling announcement by the Trump Administration as a positive step for job creation, industry growth, and increased access to the medical benefits of cannabis. Co-CEO Bob Groesbeck emphasized that rescheduling is the beginning of broader progress, enabling research breakthroughs, safer financial systems, and economic growth. Planet 13 highlighted that rescheduling will reduce tax burdens, facilitate safe banking reforms, and unlock economic benefits including job creation and increased tax revenues. The company urged legislators and regulators to align with public sentiment and the Executive Order to ensure continued progress for the cannabis industry.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Planet 13 Holdings Inc. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9615828) on December 22, 2025, and is solely responsible for the information contained therein.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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