Tilray Brands and Canopy Growth stocks rise due to potential marijuana rescheduling by the DEA.

Tilray Brands (TLRY) and Canopy Growth (CGC) stocks rise as discussions of marijuana rescheduling by the Drug Enforcement Agency (DEA) prompt optimism. Vice President Kamala Harris mentioned the need for swift action on rescheduling cannabis, currently classified similarly to heroin. Tilray Brands, a major Canadian cannabis company, has faced stock price struggles this year, however, the potential rescheduling could positively impact the industry.

March 18, 2024
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