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Cannabis companies Tilray, Canopy Growth, Cronos, and SNDL's shares surge up to 67.5% .
Cannabis companies Tilray, Canopy Growth, Cronos, and SNDL saw shares surge up to 67.5% on Tuesday, following reports that the U.S. Drug Enforcement Agency (DEA) is set to reschedule marijuana from its current Schedule I classification.
The historic recommendation by the U.S. Department of Health and Human Services (HHS) to reclassify marijuana as a Schedule III drug could bring significant financial benefits for U.S. cannabis companies, although the impact on Canadian companies trading on U.S. stock exchanges is uncertain.
12 months ago
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