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WBA
Benzinga
28 days

Pharma-Grade Cannabis Could Hit Walgreens & CVS—But Can The Industry Survive The FDA?

1. Rescheduling cannabis could allow WBA to sell cannabis products. 2. FDA oversight demands higher production standards for cannabis businesses. 3. Interstate commerce may revolutionize cannabis supply chains. 4. Potential M&A activity triggered by compliance challenges. 5. Political factors could delay cannabis rescheduling process.

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FAQ

Why Bullish?

If Walgreens enters cannabis sales, it could enhance revenues, as seen in other retailers' strategies.

How important is it?

Significant industry changes may impact WBA's market positioning and revenue prospects.

Why Long Term?

Rescheduling changes will take time to implement, influencing WBA's strategy in the future.

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