Cresco Labs CEO calls rescheduling of cannabis historic as it shifts from Schedule I to III under Controlled Substances Act.

Unusual Whales
2025.12.18 19:24
Cresco Labs Inc., a leading cannabis company (CSE: CL) (OTCQX: CRLBF) (FSE: 6CQ), released a statement by CEO Charlie Bachtell commenting on President Trump's move to reschedule cannabis from Schedule I to Schedule III under the Controlled Substances Act. Bachtell referred to this decision as a significant milestone in the U.S. cannabis industry's history. The reclassification is expected to have a substantial impact on the cultural perception and legal status of cannabis.