Business
Akanda Corp. Welcomes Momentum Towards Cannabis Reform in the United States
Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company") applauds the recent reports that US President Donald Trump and his administration are considering changes and the reclassification of federal cannabis policy in the USA, including potential rescheduling of cannabis from Schedule I to Schedule III. Schedule III drugs are considered to have a medical value and a lower abuse potential as defined by the Drug Enforcement...
About this update from Akanda Corp.
[{"type":"text","content":"Toronto, Ontario--(Newsfile Corp. - December 18, 2025) - Akanda Corp. (NASDAQ: AKAN) ("Akanda" or the "Company") applauds the recent reports that US President Donald Trump and his administration are considering changes and the reclassification of federal cannabis policy in the USA, including potential rescheduling of cannabis from Schedule I to Schedule III. Schedule III drugs are considered to have a medical value and a lower abuse potential as defined by the Drug Enforcement Administration.","length":522,"tagName":"p"},{"type":"text","content":""Cannabis policies are long overdue for modernization," said Interim CEO Katie Field. "The US Administration is taking steps to treat cannabis through a science-led, public-health framework which has the potential to accelerate medical research, improve consumer safety, and help move regulated markets further away from the risks of the illicit supply chain."","length":380,"tagName":"p"},{"type":"text","content":"This effort mirrors, in spirit if not in scope, the pathway Canada forged with its Cannabis Act, which came into force on October 17, 2018 and created a comprehensive legal and regulatory framework for both adult-use and medical cannabis nationwide, shifting cannabis out of prohibition entirely and tightly regulating production, distribution, sale, possession and public health protections - a model policymakers south of the border often point to when discussing how to reconcile federal and state law and develop standards for responsible legal markets.","length":557,"tagName":"p"},{"type":"text","content":"Akanda encourages policymakers to keep reforms while they are under consideration focused on measurable outcomes: expanding medical research, protecting public health, supporting responsible regulation, and moving consumers away from illicit supply chains.","length":256,"tagName":"p"},{"type":"text","content":"About Akanda Corp.","length":18,"tagName":"p"},{"type":"text","content":"Akanda Corp., through its cannabis subsidiaries with operations in Canada, is dedicated to cultivating and distributing high-quality cannabis and wellness products that improve lives. Its mission is to provide safe, reliable, and accessible cannabis products to consumers worldwide while promoting sustainable business practices.","length":329,"tagName":"p"}...