Akanda Shares Soar As Cannabis Stocks Rise On US Policy Change
Akanda Corp. (NASDAQ:AKAN) shares continued to surge today after U.S. regulators moved to reclassify certain marijuana products, fueling a broader rally in cannabis stocks.
• Akanda stock is charging ahead with explosive momentum. What’s fueling AKAN momentum?
Regulatory Action and Sector Impact
The U.S. Department of Justice and Drug Enforcement Administration placed FDA-approved marijuana-based products and state-regulated medical marijuana under Schedule III, also launching an expedited process to consider broader reclassification from Schedule I.
A new administrative hearing is scheduled for June 29, 2026, to accelerate the rulemaking process and provide clearer guidance for research and medical use.
The move follows earlier speculation around potential reclassification, which lifted peers including Tilray Brand Ind (NASDAQ:TLRY), Canopy Growth and Cronos.
Akanda …