Blum Holdings acknowledges DEA's plan to reschedule marijuana to Schedule III

BLUM HOLDINGS, INC.

DEA proposes moving marijuana from Schedule I to Schedule III, a lower-risk classification.
Chief Legal Officer Robert Baca calls the move 'significant' for the industry and consumers.
Company states it is 'prepared for its impacts' and ready to adapt to regulatory changes.
No changes to financial guidance, operations, or business outlook provided in the release.

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