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Akanda Corp. (NASDAQ:AKAN) stock surged on Wednesday. The move follows a massive multi-day rally in the cannabis sector.
Speculative momentum remains high after U.S. regulators moved to reclassify marijuana products.
Regulatory Shifts Fuel Optimism
The U.S. Department of Justice placed state-regulated medical marijuana under Schedule III. An expedited process for broader reclassification is now underway.
A new administrative hearing is scheduled for June 29.
Shareholder Meeting Adjourned
The company officially adjourned its Special Meeting of Shareholders today. The delay stemmed from a lack of quorum.
Despite this, investors focused on …
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