The Business of Cannabis

Companies With Cannabis-Based Drugs Eye Ipos, Private Funding Boost After US Reclassification

Apr 30, 2026 | National

Companies developing cannabis-based medicines say U.S. moves to loosen restrictions on the drug could unlock private funding and the public markets, ​providing a lifeline to the struggling cannabis industry.

The U.S. Department of Justice last week rescheduled FDA-approved medicines and state-regulated medical marijuana products, making it easier ‌for companies to bank and receive tax credits and deductions.

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