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Despite its name, it won’t actually be a “department,” like the Department of Education or the Department of Homeland Security. “From the outside, will Musk and Ramaswamy be able to do a whole lot? During a late-October town hall on X, Musk suggested his ideal spending cuts could trigger economic pain for people. Democrats acknowledged they had little ability to prevent the Trump administration from enacting the changes Musk and Ramaswamy suggest. “In this second term in particular, President Trump has a better understanding of what needs to be done and how to do it,” Schatz said.

Persons: Donald Trump’s, Elon Musk, Vivek Ramaswamy, ” —, Ramaswamy, Trump, “, ” Musk, Max Stier, ” Stier, Musk, ”, MacGuineas, Joe Spielberger, ” Ramaswamy, Tucker Carlson, ” Sen, John Fetterman, “ It’s, Trump’s, —, they’re, Elon, Vivek, ” Spielberger, he’s, Lisa Gilbert, “ Musk, ’, Sen, Elizabeth Warren, Dean Phillips Organizations: Trump, “ Department, Government, Department of Education, Department of Homeland Security, White, Management, Budget, Partnership for Public Service, Social Security, Federal, Roivant Sciences, GOP, NBC News, FBI, Alcohol, Tobacco, Firearms, Explosives, Education Department, Nuclear Regulatory Commission, Food and Nutrition Service, Agriculture Department, Democrats, Senate, “, SpaceX, NBC, Twitter, Elon, Public Citizen, Democratic, Democrat Locations: Government

☆ What to know about Trump’s US government reformation plan
▼ + stars: | 2024-11-07 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

While Trump may not want to associate with that plan, it was formulated by his allies – at least 140 people associated with Project 2025 worked in Trump’s administration, according to a review by CNN’s Steve Contorno. Trump’s adviser Stephen Miller said on Fox News to expect deportations to begin the moment Trump is again president on January 20, 2025. Commonly referred to as “Schedule F,” Trump’s plan was to undo long-standing protections for nonpartisan civil servants. John McEntee, who was director of the White House Presidential Personnel Office during Trump’s first administration, worked on Project 2025, building a list of Trump loyalists suitable for administration roles. Only one of the 26 potential positions in a Trump Cabinet, Vice President-elect JD Vance, is in place.

Persons: Donald Trump, Trump, –, CNN’s Steve Contorno, Russell Vought –, Biden, What’s, Stephen Miller, “, ”, it’s, Carlos Gimenez, CNN’s Pamela Brown, ” Gimenez, we’ll, ” CNN’s Priscilla Alvarez, Tom Homan, Obama, John McEntee, McEntee, he’s, Kennedy, Walker, Joe Biden’s, JD Vance, John Kelly, Donald Jr, It’s, that’s, Nixon Organizations: CNN —, Ukraine “, Heritage Foundation, Trump, Management, National Guard, Fox News, Florida Republican, ICE, CNN, DC, White, United, Trump Cabinet, Defense and Homeland Security, Republican Locations: Ukraine, Florida, Trump, Georgia, United Nations, United States, ”

☆ Trump’s plan to radically remake government with RFK Jr. and Elon Musk
▼ + stars: | 2024-10-30 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +9 min

‘Go wild’ with RFK Jr.Trump has promised to give Kennedy leeway to remake the way the government health apparatus protects Americans. Robert F. Kennedy Jr. and former President Donald Trump shake hands during a campaign rally at Desert Diamond Arena on August 23, 2024, in Glendale, Arizona. Both Trump and Kennedy have expressed vaccine skepticism, and Kennedy has been a longtime activist pushing debunked theories about vaccines. In a potential new Trump administration, Musk promises a reinvention of the federal bureaucracy. “Let’s start from scratch,” Musk said at an event in October in Pittsburgh, suggesting a drastic remaking of the federal bureacracy.

Persons: Donald Trump, Robert F, Kennedy Jr, “, Trump, Kennedy, “ I’m, ” Trump, Anne Frank, Rebecca Noble, we’ve, ” Kennedy, Aaron Pellish, Trump’s, “ Trump’s, CNN’s Meg Tirell, Musk, It’s, Musk’s, ” Musk, Elon Musk, Dave McCormick, Michael Swensen, CNN’s David Goldman, “ Musk, ” Goldman, Larry Summer, ” Summers, Summers, Mike Johnson, ”, ” Johnson, Kamala Harris, Johnson Organizations: CNN, Trump, Elon, RFK Jr, Madison, PAC, New York Times, Desert Diamond Arena, HHS, Department of Health, Human Services, CDC, Centers, Disease Control, FDA, Food, Drug Administration, National Institutes of Health, USDA, Department of Agriculture, SpaceX, Tesla, “ Department, Government, Fox News, Congressional, Social Security, Republicans, Health Locations: Nazi Germany, Glendale , Arizona, Pittsburgh, Pennsylvania, White

☆ The top 5% will benefit from Trump's tax plans while the rest of America pays more, a new analysis says
▼ + stars: | 2024-10-09 | by ( Juliana Kaplan | Ayelet Sheffey | ) www.businessinsider.com time to read: +6 min

With the economy top of mind for many voters, tax policy will be significant in the election. Trump's proposals include eliminating taxes on tips and overtime, extending the 2017 tax cuts for individuals, implementing higher tariffs on imported goods, and reducing the corporate tax rate. Meanwhile, the Tax Policy Center has found that the policies would bring down post-tax incomes by $1,800 in 2025. Joe Hughes, a senior analyst on federal tax policy at ITEP, previously told BI that high-wage workers could take advantage of Trump's proposals to make more money. Ultimately, though, any tax proposals would need buy-in from the House and Senate.

Persons: Donald Trump, —, everybody's, ITEP, Ernie Tedeschi, Trump's, Matthew Gardner, Gardner, Trump, Casey B, Mulligan, Joe Hughes, Hughes, Brian Hughes Organizations: Service, Taxation, Yale Budget Lab, White House Council, Economic Advisers, IRS, American Progress, Trump, Policy Institute, Washington Post, Trump campaign's, Democratic, Senate Locations: ITEP

☆ Trump's plan to scrap taxes on tips and overtime could reshape how millions of Americans get paid
▼ + stars: | 2024-10-02 | by ( Ayelet Sheffey | ) www.businessinsider.com time to read: +7 min

Presidential hopeful Donald Trump has proposed getting rid of taxes on tips and overtime. AdvertisementIf former President Donald Trump gets his way, workers who collect overtime pay or tips could stop paying taxes on them. "Their employer can pay less to keep them but the worker is not worse off because now they don't have to pay taxes on that," Shierholz said. Or it could mean some salaried workers switch to hourly wages in order to qualify for a higher rate of untaxed overtime pay. Do you collect tips or overtime pay?

Persons: Donald Trump, Trump, —, It's, Kamala Harris, that's, Harris, it's, Heidi Shierholz, Shierholz, Joe Hughes, Alex Muresianu, Muresianu, Hughes, Rube Goldberg, Karoline Leavitt Organizations: Service, Yale, Trump, Social Security, Taxation, Economic, Tax Foundation Locations: Arizona, America

☆ Kamala Harris signals she'll go further than Biden on marijuana legalization
▼ + stars: | 2024-09-30 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +3 min

Kamala Harris may go further than Joe Biden on marijuana legalization. AdvertisementFor the first time since launching her presidential campaign, Vice President Kamala Harris has affirmed her support for legalizing marijuana at the federal level. Harris has long supported legalizing marijuana, including introducing legislation as a senator to legalize the drug nationwide and expunge nonviolent marijuana-related offenses. Vice President Harris: I feel strongly people should not be going to jail for smoking weed. Legalizing marijuana is popular with the American public.

Persons: Kamala Harris, Joe Biden, Harris, —, It's, Biden, vDCdWOdlRD — Kamala, Tim Walz, Jim Himes, Donald Trump Organizations: Service, Marijuana, Democratic, Gallup Locations: Minnesota, Jim Himes of Connecticut, Florida

☆ Kamala Harris' marijuana stance is hazier than you think
▼ + stars: | 2024-09-27 | by ( Bryan Metzger | ) www.businessinsider.com time to read: +7 min

Kamala Harris has previously supported federal marijuana legalization and continues to back reforms. AdvertisementAs a United States senator and 2020 presidential candidate, Kamala Harris supported not just legalizing marijuana nationwide, but expunging nonviolent marijuana-related offenses. Advertisement"I would suspect that she would probably support [legalization], but I don't know," said Democratic Sen. John Fetterman of Pennsylvania. 'I don't know whether that would be a top priority issue'There's no denying that marijuana legalization is popular. "I don't know whether that would be a top priority issue, but I do think that we will see a potential Harris administration go much farther than the Biden administration has," Fox said.

Persons: Kamala Harris, —, Joe Biden, Harris, Tim Walz, didn't, she's, that's, Biden, Donald Trump, Jim Himes, Democratic Sen, John Fetterman of, Earl Blumenauer, It's, Blumenauer, Booker, Alexandria Ocasio, Cortez, Morgan Fox, Fox, She's Organizations: Lawmakers, Service, United, Democratic Party, Spectrum News, Minnesota Gov, Marijuana, Capitol, Democratic, Rep, Oregon Democrat, Congressional Cannabis Caucus, Reinvestment, New York Democrat, Gallup, Republicans, Trump, National Organization, Congress Locations: United States, Jim Himes of Connecticut, John Fetterman of Pennsylvania, Alexandria, Florida

☆ EEOC says Globe Life "created, condoned" a work environment that is hostile and abusive to women
▼ + stars: | 2024-09-27 | by ( Susan Antilla | ) www.businessinsider.com time to read: +10 min

Federal agency finds Globe Life tolerated nonconsensual touch, unwelcome genital exposure, sexual quid-pro-quos at top agency. EEOC says agents at the Globe Life agency were employees, not contractors. Equal Employment Opportunity Commission has found that Globe Life tolerated a "pervasive pattern of harassing conduct" against women at one of its top-producing sales agencies. American Income Life is one of five wholly owned subsidiaries of Globe Life that sell life, accident, and supplemental health insurance. Globe Life disclosed that risk in its filing this morning with the SEC and said it would fight any such lawsuit vigorously.

Persons: EEOC, —, Arias, Mark P, Carey, Renee Zinsky, Michael Russin, she'd, Zinsky, AIL, Sarah Reay, Matthew D, Trina Orlando, Anne Rose Dana, King, Jennifer Haworth, Simon Arias, partied, marshaling, Globe, Panda, Wilmer Hale, Matt Darden, Abeni Mayfield, Department of Justice —, Deborah A, Kane, Amy Williamson Organizations: Globe Life, Service, Commission, Business, BI, Globe, Arias Organization, Securities and Exchange Commission, Wexford, King & Spalding, Las, Department of Justice, Research, SEC Locations: Southport , Connecticut, Wexford, Pennsylvania, Morgantown , West Virginia, Las Vegas, Columbia , Maryland, Pittsburgh

☆ 'Selling Sunset' star Alanna Gold owns part of a town in the California desert. These are the 4 biggest challenges she's faced.
▼ + stars: | 2024-09-06 | by ( Alcynna Lloyd | ) www.businessinsider.com time to read: +8 min

Ahead of the show's premiere, Gold spoke with Business Insider about her passion for Pioneertown and the challenges of owning part of a town. RevitalizationIn a world with a Starbucks on every corner and a strip mall down the street, towns and cities that retain their small-town charm have become increasingly sought after. Gaining trustGold grew up in a small town outside Toronto and moved to California after a successful modeling career that took her to countries like Japan and Paris. MaintenanceManaging the upkeep of a town can be costly and challenging, particularly in a town with older or underdeveloped infrastructure. Editor's note, September 9, 2024: Based on new information, the story has been updated to clarify that Alanna Gold owns part of Pioneertown, not the whole town.

Persons: —, Alanna Gold, Joshua, Roy Rogers, Dick Curtis, Xēba, Mary Bonnet, Amanza Smith, Nicole Young, David Corso, Matt, Mike French, Ben Loescher, Jenny, Gold, she's, David McNew, Adam Gold, Pioneertown, We've, Joshua Tree, San Bernardino Sun, Curt Sautter Organizations: Service, Business, Netflix, Los, Oppenheim, Corso Marketing, Times, San, San Bernardino, Sun Locations: Pioneertown, San Bernardino County, Old, Moroccan, Palm Springs, Los Angeles, Toronto, California, Japan, Paris, San

CNN —Maryland’s governor pardoned more than 175,000 marijuana convictions Monday – a significant act of mass clemency that reflects the rapidly changing attitudes toward a drug that more than half of Americans want to see legalized. Wes Moore, a Democrat, will forgive low-level marijuana possession and certain paraphernalia charges for an estimated 100,000 people, the governor’s office said, noting it was possible for a person to have more than one conviction pardoned. But it will result in the pardons of more than 150,000 misdemeanor convictions for simple possession of cannabis and more than 18,000 misdemeanor convictions for use or possession with intent to use drug paraphernalia. Officials framed the pardons as an effort to undo the lasting harm left by these convictions, which are disproportionately borne by Black and brown people. The war on drugs was a war on communities of color,” Maryland Attorney General Anthony G. Brown said at Monday’s event.

Persons: CNN — Maryland’s, Wes Moore, ” Moore, –, ”, Anthony G, Brown, “, Biden Organizations: CNN, Gov, Democrat, Washington Post, Maryland, Post, Gallup, Juneteenth, US Department of Justice, Food and Drug, Justice Department, National Conference of State Legislatures, State Locations: Baltimore, Maryland, MJBiz

☆ Daily marijuana use surpasses alcohol consumption, new study finds. Here's what it means for the industry
▼ + stars: | 2024-05-23 | by ( Brandon Gomez | ) www.cnbc.com time to read: +3 min

Although alcohol overall remains more widely used, 2022 was the first-time daily marijuana use overtook drinking at the same frequency, with roughly 17.7 million cannabis users and 14.7 million drinkers, respectively. That is a 15-fold increase for cannabis since 1992 when only 900,000 Americans disclosed using the drug daily compared with 8.9 million daily drinkers. The spirits and alcohol industry, however, has been working to defend its market share despite shifting trends among younger consumers. However, some analysts on Wall Street expect greater impact to the alcohol industry from cannabis adoption. "We estimate that legal cannabis could be negatively impacting beer volume [compound annual growth rate] by up to 230 bps in Canada and 75 bps in the U.S. where legal," said Bernstein analyst Nadine Sarwat.

Persons: Roth, Scott Fortune, Bill Kirk, Kirk, Fortune, Bernstein, Nadine Sarwat, Sarwat Organizations: The U.S . Drug Enforcement Administration, Carnegie Mellon University, Administration, Wall, distillers, Constellation Brands, Diageo, AB InBev, Molson Coors Locations: San Anselmo , California, The U.S, U.S, Canada

CNBC reached out to the SEC about the recent batch of Wells notices sent to crypto firms, and an agency spokesperson declined to comment. Exchanges, both centralized and decentralized, would be forced to choose between registering with the SEC, or delisting ether altogether. watch nowBoth Consensys and Uniswap suggest the SEC's broad approach to classifying securities may be outdated. "The SEC is arguing that the Uniswap protocol is an unregistered securities exchange, and that the Uniswap interface and wallet are both unregistered broker brokers," Ammori said. Uniswap argues in its response to the SEC that the majority of its trading volume is obvious nonsecurities, like ether, bitcoin and stablecoins.

Persons: Marvin Ammori, “ Ammori, Wells, Consensys, overreach, Joseph Lubin, Lubin, “, —, Christopher Gerold, Laura Brookover, Brookover, ethereum, Bill Hinman, Hinman, Patrick McHenry, Gary, Crypto, haven't, Uniswap, Ammori, there's, Alma Angotti, Guidehouse, Coinbase, We've, Christina Rea, We're, CNBC's Jordan Smith Organizations: Securities and Exchange Commission, Uniswap, SEC, Ethereum Foundation, CNBC, Security, New, New Jersey Bureau of Securities, Consensys, Securities, Exchange Commission's, of Corporation Finance, Rep, Robinhood Locations: U.S, Lubin, New Jersey, ethereum, R

☆ Legal Weed Is Coming. It’s Time to Come Up With Some Rules. - The New York Times
▼ + stars: | 2024-05-20 | by ( Maia Szalavitz | ) www.nytimes.com time to read: +2 min

On May 16 the Justice Department formally moved to reclassify marijuana from Schedule I of the Controlled Substances Act to Schedule III. It is, however, the biggest step yet toward abolishing the legal fiction that cannabis is as dangerous as heroin. And it puts marijuana — used more than any other illicit drug in the world — on a pathway for fully legal recreational use, which a majority of Americans support. It also offers an opportunity to start ironing out the details of what federal cannabis oversight ought to look like if the time comes — both to redress past harms and protect public health. Learning from the experiences of states that have legalized marijuana is essential.

Organizations: Justice Department, Food and Drug Administration, Psychiatry

☆ The US did a complete 180 on same-sex marriage
▼ + stars: | 2024-05-17 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +8 min

The vast majority of Americans opposed same-sex marriage on May 17, 2004, when the first same-sex couples took their vows after a court decision in Massachusetts. Barack Obama notably opposed same-sex marriage when he ran for president as a Democrat in the 2008 election and, as public opinion was rapidly shifting, changed his tune in 2012 to support same-sex unions. Warnings were unfoundedThere is also evidence that warnings about same-sex marriage somehow endangering “traditional marriage” simply never materialized. A new study by researchers for the RAND Corporation to assess two decades of same-sex marriage in the US argues marriage rates actually increased among opposite-sex couples as same-sex couples were granted the ability to marry in certain states. A key difference between support for same-sex marriage and support for abortion rights, according to Lundry, is that support for abortion rights has remained positive for decades, in contrast to same-sex marriage, which saw a complete turnaround.

Persons: CNN —, Mitt Romney, George W, Bush, Hillary, Julie Goodridge, Charles Krupa, Sen, John Kerry, Hodges, Barack Obama, Obama, Romney, Anthony Kennedy, Ruth Bader Ginsburg, Brett Kavanaugh, Amy Coney Barrett, Clarence Thomas, Samuel Alito, weren’t, ” Romney, Obergefell, —, PRRI, Alex Lundry, Republican pollster, “, ” Lundry, Gen, Dick Cheney, Joe Biden Organizations: CNN, Republican, House, Boston City Hall, Massachusetts Democrat, Democrat, Supreme, Gallup, RAND Corporation Locations: Massachusetts, Utah, Oregon, Ohio, Without Ohio, America

☆ Biden hails ‘monumental’ steps toward easing marijuana rules as rescheduling process moves ahead
▼ + stars: | 2024-05-16 | by ( Kevin Liptak | ) edition.cnn.com time to read: +3 min

Biden has already pardoned federal marijuana offenders and urged individual state governors to take similar steps. On Thursday, the Justice Department is taking the next formal step in the process of easing federal restrictions on cannabis, according to a senior administration official. The rescheduling proposal will appear publicly in the Federal Register, opening it up for a 60-day public comment period. While the process for rescheduling marijuana is lengthy, the president’s aides believe the step is a necessary one to place the drug in a more appropriate category. Biden’s advisers also privately acknowledge the potential political benefit of loosening rules on marijuana, which has gained wider cultural acceptance over the last decade.

Persons: Joe Biden’s, ” Biden, “, Biden, I’m, ” Organizations: Washington CNN, Department, Justice, Federal, Drug, Justice Department

☆ This is the moment Trump changed American politics
▼ + stars: | 2024-05-04 | by ( Zachary B. Wolf | ) edition.cnn.com time to read: +7 min

CNN —Being elected president shortly after surviving the publication of the leaked “Access Hollywood” tape in 2016 is the moment in which Donald Trump defied political gravity. The ‘Access Hollywood’ tape reexaminedTrump’s 2016 victory in the Electoral College seems only more improbable in the retelling. It is worth revisiting the earthquake the “Access Hollywood” tape set off in the 2016 campaign. Return of the tapeNow, the “Access Hollywood” tape is back. Video Ad Feedback Trump asked if he stands by comments from 'Access Hollywood' tape.

Persons: CNN —, Donald Trump, Trump, Hope Hicks, Hicks, –, ”, crassly, Billy Bush, Bush, Sen, Mike Lee of, Chris Christie, Paul Ryan, Reince Priebus, Christie, Steve Bannon, Melania, ” Trump, “, Bill Clinton, WAZiGoQqMQ — Donald J, Hillary Clinton, James Comey’s, Clinton, Comey, Anthony Weiner, Michael Cohen, Stormy Daniels, Cohen, Daniels, Maggie Haberman, Jonathan Martin, CNN’s Kaitlan Collins, ’ ”, Collins, Feedback Trump, Bannon, Charlie Rose, Rose, Jean Carroll Organizations: CNN, Republican, Electoral, Washington Post, Republicans, Trump, New, New Jersey Gov, Republican National, Twitter, Democratic, The New York Times, CBS Locations: New York, Mike Lee of Utah, New Jersey

☆ The Fed could make a big change today. We’re not talking about interest rates
▼ + stars: | 2024-05-01 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +6 min

New York CNN —Wednesday’s Federal Reserve policy decision will likely be pretty boring for investors — officials are widely expected to keep interest rates the same, just as they have since July 2023. They think that the Fed may curtail its quantitative tightening (QT) program — that’s the selling off of its assets to decrease money supply and increase interest rates — by as much as half. Those purchases ended up pushing down interest rates in certain parts of the economy, like housing and auto sales. That led to a “repo crisis”, where the interest rates for overnight loans between banks spiked unusually high. That’s because a taper should send bond prices higher, and interest rates lower.

Persons: there’s, Jamie Dimon, Jerome Powell doesn’t, Krishna Guha, Marco Casiraghi, ”, Bill Adams, Biden, reclassify, General Merrick Garland, Xochitl Hinojosa, “, Nancy Mace, Earl Blumenauer, ” Read, Zhao, Allison Morrow, ” Binance Organizations: CNN Business, Bell, New York CNN, Fed, JPMorgan Chase, Comerica Bank, Bank of America, CNN, US Department of Justice, Federal Register, Congress, Associated Press, Republican, CZ, Binance, Bloomberg Locations: New York, South Carolina, Oregon, Seattle

☆ Biden administration to ease federal restrictions on marijuana
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBiden administration to ease federal restrictions on marijuanaCNBC's Brandon Gomez joins 'Power Lunch' to discuss the Biden administration's plan to reclassify marijuana, easing federal restrictions.

Persons: Brandon Gomez Organizations: Biden

The US Department of Justice is expected to recommend that marijuana be rescheduled as a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. The standard rulemaking process is lengthy, is subject to a public comment period, and could take months to complete. However, rescheduling marijuana will not solve that federal-state conflict, the Congressional Research Service noted in a January 16 brief. States with medical marijuana programs do currently have some federal protections in place via appropriations legislation that restricts the Justice Department from interfering in those programs. The FDA’s scientific and medical evaluation of marijuana did not address products containing plant-derived cannabidiol, commonly known as CBD.

Persons: CNN —, Biden, General Merrick Garland, Joe Biden Organizations: CNN, US Department of Justice, Associated Press, White, Office of Management, US Health, Human Services, Food and Drug, Justice Department, Staff, National Institute on Drug, Delta, National Conference of State Legislatures, Congressional Research Service, CRS Locations: Colorado

☆ Catch up on the day’s news: Trump fined for violating gag order, marijuana getting reclassified, college protests intensify
▼ + stars: | 2024-04-30 | by ( Daniel Wine | ) edition.cnn.com time to read: +3 min

It’s expected to become a Schedule III controlled substance, a classification shared by prescription drugs such as ketamine and Tylenol with codeine. Here’s what else you might have missed during your busy day:5 thingsKeith Davidson, who represented Stormy Daniels and Karen McDougal, is questioned. Jane Rosenberg1️⃣ Trump on trial: Donald Trump removed the online posts that a judge ruled violated his gag order in the New York criminal hush money case. The former president also was fined $9,000, and a former attorney who represented Stormy Daniels and Karen McDougal testified. 5 Things PM is produced by CNN’s Tricia Escobedo, Meghan Pryce and Kimberly Richardson.

Persons: ane R, Ed, bil, Lis, r., Gupta, Loo, Cheng S Organizations: acc, ld, CNN

☆ Cannabis stocks surge as Biden administration moves to reclassify marijuana
▼ + stars: | 2024-04-30 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +1 min

Trade Roots, a Wareham-based Cannabis dispensary grows cannabis plants for making CBD with THC in their greenhouse, and manufactures CBD products for sale in their shop and distribution to buyers. Cannabis stocks leapt on Tuesday afternoon, buoyed by a Biden administration decision to ease federal restrictions on marijuana. The U.S. Drug Enforcement Administration is expected to approve an opinion by the Department of Health and Human Services to reclassify marijuana as a Schedule III substance, NBC News reported, citing four sources with knowledge of the decision. Marijuana has been labeled a Schedule I substance for more than 50 years, the same as methamphetamine and heroin. Investors in cannabis stocks cheered the move, with the AdvisorShares Pure US Cannabis ETF (MSOS ) surging nearly 20% in afternoon trading.

Organizations: U.S . Drug, Department of Health, Human Services, NBC News, Marijuana, Drugs, Cannabis ETF Locations: Wareham, U.S

☆ Biden administration plans to reclassify marijuana, easing restrictions nationwide
▼ + stars: | 2024-04-30 | by ( Julie Tsirkin | Monica Alba | ) www.cnbc.com time to read: +7 min

"DOJ continues to work on this rule," a Biden administration official said. "No one should be jailed for using or possessing marijuana," the president said during the speech. "Reclassifying marijuana as a Schedule III drug sends the message that marijuana is less addictive and dangerous now than ever before. US President Joe Biden speaks during the White House Correspondents' Association (WHCA) dinner at the Washington Hilton, in Washington, DC, on April 27, 2024. Nearly six in ten Americans say that marijuana should be legal for medical and recreational purposes, according to a Pew Research poll last month.

Persons: John Tlumacki, Biden, Joe Bidens, Tom Williams, Joe Biden, Barack Obama's, Jim Cole, Obama, Cole, Kevin Sabet, Brendan Smialowski, Brad Horrigan Organizations: Delta, Trade, Boston Globe, NBC, Drug, Department of Health, Human Services, DOJ, Biden, Internal Revenue, Justice's, DC Marijuana Justice, CQ, Inc, Getty, State, National Cannabis Roundtable, NBC News, Smart, Marijuana, Obama Administration, White, Correspondents ' Association, Washington Hilton, AFP, Management, CRA, Pew Research, Florida Supreme, Tribune, Service Locations: Wareham, deducting, New York, California, Washington ,, Florida

☆ Fresh customer-fraud allegations against Globe Life
▼ + stars: | 2024-04-30 | by ( Susan Antilla | ) www.businessinsider.com time to read: +9 min

Read previewThe embattled insurer Globe Life and its subsidiary American Income Life face new allegations of fraud, kickbacks, and misclassifying its army of sales agents. Neither Globe, AIL, or any affiliated agencies have requested a correction on BI's series, which has been cited in all three short-seller reports. Spokespeople for Globe, AIL, and Arias did not respond to inquiries about the Viceroy report. Viceroy today published excerpts from a civil complaint alleging that Globe Life required recruits to purchase the course from Xcel for $149, $119 of which was kicked back to Globe Life, AIL, and agency executives, an allegation Globe has denied. "As you might expect, these sales tactics do not engender long-term retention of policies," the Viceroy report states.

Persons: —, AIL, Fraser Perring, Nate Koppikar, Panda, Arias, Erica Robertson, Robertson, Amy Williamson, Renee Zinsky, Fuzzy Panda, Jamie Winters, Winters, Viceroy, AIL's, Antonio – Organizations: Service, Viceroy Research, Globe, Business, Research, Orso Partners, Insurance Department, Pennsylvania, Arias Organization, Social, Organization, AIL, BI, Department, Xcel, Liberty National Life, Ohio Department of Insurance Locations: Texas, London, Globe, Maryland, Pennsylvania, Arias's Wexford, California, Xcel, Ohio, Antonio

☆ Pot stocks soar on report DEA will ease restrictions on cannabis
▼ + stars: | 2024-04-30 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Cannabis stocks soared on Tuesday after the AP reported that the DEA will soon reclassify marijuana. The move would ease restrictions on cannabis and acknowledge that it has medicinal benefits. According to the report, the DEA decision would be sent to the White House Office of Management and Budget for review. AdvertisementCannabis stocks soared on Tuesday after the AP reported that the US Drug Enforcement Administration is on the verge of reclassifying marijuana. Shares of Canopy Growth soared 37%, Village Farms stock soared 20%, and the AdvisorShares Pure Cannabis ETF jumped 18%.

Persons: — Organizations: AP, White, Office of Management, Service, US Drug, Village, Cannabis

One of the architects of that plan for a Trump second term said as much in a video last year for the Heritage Foundation. Reissuing Schedule F is part of a roadmap, known as Project 2025, drafted for a second Trump term by scores of conservative groups and published by the Heritage Foundation. The new rules would not fully block reclassifying workers in a second Trump term. Greene said she worries for federal workers who might face the same choice in a second Trump term. The project includes a personnel database for potential hires in a second Trump administration.

Persons: Donald Trump, it’s, —, Trump, Joe Biden, Donald Moynihan, Georgetown University's, ” Donald Moynihan, ” Moynihan, “ It’s, ”, Russell Vought, “, you’re, Doreen Greenwald, Moynihan, Kenneth Baer, Barack Obama, ” Kenneth Baer, Peter Orszag, Pete Souza, Robert Shea, Eva Shea, George W, Bush, Laura Bush, Tina Hager, ” Biden, Baer, George Frey, ” Trump, Max Stier, Verna Daniels, ” Daniels, Catherine Greene, ” Greene, Tom Bewick, NIFA, ” Bewick, we’ll, Greene, Biden, “ We’ve, He’s, Hillary Clinton, he’d, James Comey, Bill Barr, Barr, Jeffrey Clark, Clark, Mark Meadows, Stephen Miller, Peter Navarro, he’ll Organizations: CNN, United, Republican, Democratic, Trump, ”, Georgetown, Georgetown University's McCourt School, Public, Georgetown University, Heritage Foundation, Management, Budget, of Justice, FBI, Environmental Protection Agency, Vought, National Treasury Employees Union, OMB, White, Personnel Management, Land Management, Department of Agriculture, Kansas City, Partnership for Public Service, Government, Office, GAO, Economic Research Service, National Institute of Food, Agriculture, USDA, National Institute for Food, NIFA, Applied Economics Association, BLM, Getty, Department of Justice, Justice Department, Univision, Justice, Department, U.S . Justice, Center, Washington Post, National Security and Intelligence, of Homeland Security, of Education and Commerce, Federal Communications Commission, Federal Trade Commission Locations: United States, Washington, Georgetown, , Colorado, DC, Kansas, Colorado, Virginia, America, Grand Junction, Washington ,, New York City, New York, Georgia

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