Bjones2
1月前
Trump administration moves to ease federal restrictions on marijuana
Marijuana had the same classification as heroin, LSD and others before being reclassified for lower potential for abuse
Thu 23 Apr 2026 08.44 EDT
The Trump administration has moved to reclassify marijuana, more than four months after Donald Trump signed an executive order directing the attorney general to move it from schedule I to schedule III under the Controlled Substances Act.
The schedule I classification meant marijuana was alongside heroin, LSD, MDMA and synthetic opioids, whereas a schedule III classification put it in the same category as ketamine, anabolic steroids and testosterone.
Trump’s acting attorney general, Todd Blanche, signed the order on Thursday and said in a post on X that the Department of Justice was “delivering on President Trump’s promise to improve American healthcare”.
“These actions will enable more targeted, rigorous research into marijuana’s safety and efficacy, expanding patients’ access to treatments and empowering doctors to make better-informed healthcare decisions,” Blanche’s post read.
he move comes mere days after Trump signed an executive order to speed a review of psychedelic drugs, including ibogaine, found in the root bark of a west African shrub, which also sits in the top category of illegal drugs with a high propensity for abuse. The order could pave the way for restrictions to ease and increase research on the psychedelic compound drugs for medical purposes.
At the signing of the psychedelic drug order, Trump complained that federal officials were “slow-walking” the process of rescheduling marijuana, a move that would also ease some restrictions and open it up for greater research.
“You’re going to get the rescheduling done, right, please? Will you get the rescheduling done, please?” Trump said to off-camera officials. “You know, they’re slow-walking me on rescheduling. You’re going to get it done, right?”
Notably, rescheduling will not immediately legalize marijuana or affect the sentences of those incarcerated for possession. It also does not immediately mean full legalization, and it will still be subject to business banking restrictions, in part due to continuing risks under anti-money laundering laws. Marijuana is currently legal in some form in 40 US states.
It is generally illegal to transport schedule III drugs across state lines without authorization, so reclassification would not necessarily allow producers to transport across state lines.
Marijuana-legal states have built huge surpluses of the drug, leading to a crash in wholesale prices known as the “ganja glut”.
Roger Stone, a Republican operative, recently told Marijuana Moment it was “vitally important” to get marijuana reclassified before the midterm elections due to its appeal to young and libertarian voters. Stone accused someone in the administration of “holding up” the reclassification process.
The announcement comes three weeks after Pam Bondi, the attorney general, was fired. Bondi, who opposed marijuana reform in Florida when she was state attorney general, was replaced by Blanche.
jobynimble
2月前
Quarterly report posted yesterday…
https://www.otcmarkets.com/file/company/financial-report/550783/content
No change in outstanding shares…
Outstanding Shares
The number of shares outstanding of our Common Stock was:
5,429,231,963 as of February 28, 2026
5,429,231,963 as of November 30, 2025
Bjones2
2月前
Why would a sub penny stock complete audited financials?
A sub-penny stock (a stock trading for less than $0.01 per share) would complete audited financials to transition away from the "pink sheets" toward higher listing standards, build investor trust, or satisfy requirements for capital raising. While many OTC stocks avoid the cost of audits, doing so provides several strategic advantages.
Key reasons for a sub-penny stock to complete audited financials include:
Uplisting to a Higher Exchange: Companies often seek to move from the OTC Pink Sheets to the OTCQB, OTCQX, or major exchanges like NASDAQ, all of which require audited financial statements to prove compliance with minimum financial standards.
Building Credibility and Trust: Audited financials provide a "seal of approval," assuring investors and lenders that the company’s financial condition is not fraudulent, which helps combat the low-trust reputation of sub-penny stocks.
Securing Financing or Loans: Banks, lenders, and institutional investors frequently require audited financial statements to approve loans or provide funding, as they need assurance of the company’s financial health.
Satisfying Regulatory Requirements: If a company is reporting to the SEC (e.g., through Form 10-K), they are required to include audited financial statements to maintain compliance.
Preparing for Acquisitions or Mergers: Legitimate corporate partnerships, mergers, or acquisitions often necessitate audited financials to confirm the company’s value and lack of hidden liabilities.
Risks and Context
It is crucial to note that simply having audited financials does not guarantee a stock is not a scam or a poor investment; scammers can sometimes use sophisticated tactics to create fake audited reports, although an audit makes fraud harder.
Costs:
Audits are expensive and time-consuming, which is why many early-stage companies avoid them until necessary.
The "Pink Sheet" Reality: Most sub-penny stocks trade on the "pink sheets" and are not required to submit audited, or even any, financial reports to the SEC.
Manipulation Warning: Many sub-penny companies rely on hype and press releases, not verified financial audits, which is why audited financials are a strong indicator of an attempt to legitimize the business.
Bjones2
2月前
Audited filings represent a significant step for OTC companies!!!!
Paul Riss, an OTC financial reporting expert and chairman of Fortune Nickel and Gold Inc., posted that Pervasip Corp. ($PVSP) has uploaded audited financial statements.
$PVSP is a micro-cap OTC stock focused on industrial agriculture technologies for crop yields and resource efficiency, trading around $0.0002 with billions of shares outstanding.
Audited filings represent a significant step for OTC companies, enabling potential partnerships, strategic moves, or uplisting, coinciding with recent high trading volume for the ticker.