Getty Images; Insider
- America's marijuana industry has felt a prolonged slump as the drug remains classified as dangerous as heroin.
- But pot stocks rallied last week on the news that the DEA agreed to review cannabis's risk-rating.
- A lower risk level could give cannabis firms access to banking services and stock-market listings.
Marijuana stocks ended Friday's trading with their best week since March 2020 on the hopes that a review by the Drug Enforcement Administration could lower the drug's risk rating.
The MJ PurePlay 100 Index – which contains 100 cannabis-related stocks – notched its best weekly gain in two and a half years, rising 28%. The Roundhill Cannabis ETF gained a record 42% last week.