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Stock impact report

Trump signs executive order easing federal restrictions on marijuana [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
Flanked by a group of doctors, Trump touted the drug's use as a potential treatment for pain. President Donald Trump is easing some federal restrictions on marijuana. Trump signed an executive order on Thursday that will reclassify marijuana to a Schedule III drug, putting it on par with drugs like ketamine and anabolic steroids. "We have people begging for me to do this, people that are in great pain," Trump said during an event in the Oval Office, flanked by several doctors. The order falls short of fully legalizing marijuana, but it will make it easier for researchers to study the drug. Trump said that he had been lobbied to make the change by people with extreme pain, incurable diseases, and seizure disorders, among others. The president noted the substance's medical uses, including as a "substitute for addictive and potentially lethal opioid painkillers." The move could also bring tax relief to marijuana businesses operating in states that have already legalized the Show less Read more
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