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Stock impact report

Market Outlook: Cannabis stocks rally on U.S. move to reclassify marijuana [BNN Bloomberg (Canada)]

High Tide Inc. - Common Shares (HITI) 
Company Research Source: BNN Bloomberg
BNN Bloomberg spoke with Vahan Ajamian, a capital markets analyst at High Tide Inc., about how rescheduling could affect taxation, financing and potential cross-border expansion for cannabis companies. Key Takeaways Reclassifying cannabis would represent the most significant U.S. federal reform for the industry in decades. Moving marijuana to Schedule III could sharply reduce punitive tax rates faced by U.S. operators. Improved cash flow and access to capital could accelerate growth across the cannabis sector. Regulatory clarity could open limited pathways for cross-border partnerships without full legalization. The move is widely seen as a first step toward broader normalization and eventual federal legalization. Read the full transcript below: ROGER: Cannabis stocks are up today, including shares of Canadian retailer High Tide, after U.S. President Donald Trump's administration reportedly said it expects to reclassify marijuana as a less dangerous drug. Joining us t Show less Read more
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