Chris Christie: Trump to Remove Federal Marijuana Restrictions, Cannabis ETF $MSOS Up 12%

Nov 12, 2024, 05:03 PM

Former New Jersey Governor Chris Christie has stated in a Benzinga interview that President-elect Donald Trump will remove federal restrictions on marijuana and deschedule cannabis, making it a non-scheduled drug. This move is expected to ease banking for the cannabis industry. Christie also mentioned that Trump will aim to find a 'sweet spot' in crypto regulation, balancing minimal rules to encourage growth while ensuring protection. The news has led to a 12% increase in the Cannabis ETF $MSOS.