24/7 Wall Street
30 Jun 2026, 14:45 UTC · 11w ago
Verdict
Headline takes no side. We score CGC −0.90 across five claims — strongly bearish.
−0.90strongly bearish
More negative than 91% of ticker scores this week
What the story claims
5 claims · scored −1 bearish … +1 bullish
A shift to Schedule III would eliminate the Section 280E tax burden, removing effective tax rates above 70% for U.S. cannabis operators.
More positive than 98% of claims this week
Prediction markets are pricing a low probability of rescheduling by July (18.5%) and year-end (23.3%).
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5 related stories
Scored by the NIS engine · methodology.
Top 1 mover · tap to explore
More negative than 92% of claims this week
Major cannabis stocks like Tilray and Canopy Growth have seen drawdowns of 97% to 99% over the last five years despite repeated catalysts.
More negative than 87% of claims this week
The DEA's expedited hearing on rescheduling began June 29, 2026, with a target conclusion in mid-July.
More positive than 64% of claims this week
Current financials for operators remain weak, with Tilray and Canopy Growth reporting significant net losses.
More negative than 73% of claims this week
Which stocks this story touches
More negative than 91% of ticker scores this week
The company has a 99.6% drawdown over five years, an accumulated deficit of C$11 billion, and missed EPS expectations significantly.
More negative than 88% of ticker scores this week
The company has shed 97.5% of its value over five years and reported a fiscal third-quarter net loss.
More positive than 57% of ticker scores this week
Identified as an operator that would benefit from the removal of the punitive 280E tax burden.
More positive than 57% of ticker scores this week
Identified as a primary beneficiary of potential 280E tax relief which would be a genuine structural unlock.
More negative than 72% of ticker scores this week
While the ETF has rallied on hopes of rescheduling, the author warns of a historical pattern of euphoria followed by collapse and low prediction-market odds.
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PRNewsWire
2d ago
Seeking Alpha
2d ago
−6.0%
Price agrees with the score
$0.9344 vs $0.9942 close before publication (Jun 29) · not market-adjusted
CGC chart →
