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0.00627419354838709 -0.00447580645161293 0.0241935483870968 0.00688709677419354 0.00895161290322586 -0.0056451612903226 -0.0056451612903226 -0.0056451612903226
Stock impact report

Cannabis stocks climb after Trump signs order to ease curbs on marijuana [BNN Bloomberg (Canada)]

Tilray Brands, Inc. - Class 2 (TLRY) 
Last tilray brands, inc. - class 2 earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: BNN Bloomberg
The decision to reclassify cannabis as a less dangerous drug does not legalize cannabis, but eases the operating environment for companies by improving access to capital, reducing tax burden and accelerating research and development. U.S.-listed shares of Tilray gained over six per cent, Aurora Cannabis rose nearly nine per cent, SNDL rose six per cent, and Canopy Growth gained nearly 12 per cent in afternoon trading. Trump's order directs his attorney general to quickly move ahead with reclassifying marijuana, according to senior administration officials, a process that could lead to the psychoactive plant being listed alongside common painkillers, ketamine and testosterone as a less dangerous drug. “Without rescheduling, I don't think a lot of shareholders would be buying my stock and a lot of other cannabis stocks,” said Irwin Simon, CEO of Tilray Brands, ahead of the order. A reclassification would move marijuana from Schedule I, which includes substances like heroin, ecs Show less Read more
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