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Stock impact report

The Rally for Cannabis Stocks Grinds to a Halt Amid Uncertainty About Trump Order [Yahoo! Finance]

Tilray Brands, Inc. - Class 2 (TLRY) 
Last tilray brands, inc. - class 2 earnings: 3/2 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
An expected reclassification from a Schedule I to a Schedule III drug would help companies in the sector reduce their taxes and relax banking restrictions. Weed stocks aren't flying so high anymore. Shares of Tilray Brands ( TLRY ) dropped nearly 5%, Canopy Growth ( CGC ) slipped 3%, and other cannabis stocks also lost ground in recent trading, reversing early gains amid hopes President Trump could issue an executive order reclassifying marijuana. The order, seen changing marijuana from a Schedule I to a Schedule III drug, was expected as soon as today, according to reports late last week . Schedule I drugs, such as heroin and LSD, are considered more dangerous compared to Schedule III drugs, a category which includes steroids. A White House spokesperson told Investopedia Monday afternoon that no final decisions have been made. Reclassifying marijuana as a Schedule III drug would benefit cannabis companies by significantly lowering financial and regulatory pressures. Whil Show less Read more
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