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Cannabis Meets Prescription Drugs, Steroids And Ketamine In Schedule III: What It Means, Key Stocks To Watch

Benzinga ·  May 18 10:19

President Joe Biden's administration is moving to reschedule cannabis from Schedule I to Schedule III under the Controlled Substances Act (CSA). This shift could revolutionize the cannabis industry. But what exactly is Schedule III? What other substances are produced and studied in this category? Which stocks are thriving in these sectors?

Schedule III substances, according to the DEA, have accepted medical value and low addiction possibility. Examples of Schedule III drugs include testosterone, codeine, ketamine, anabolic steroids and certain medications.

Stocks To Watch In Schedule III

Ketamine Investments

  • Johnson & Johnson (NYSE:JNJ), with an enterprise value (EV) of $378.09 billion...
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