Cannabis stocks rise on report US HHS calls to move marijuana to lower-risk category

Cronos

30/08/2023 17:55

** Cannabis stocks rise as U.S. Department of Health and
Human Services (HHS) calls for marijuana to be classified to
lower-risk drug category - Bloomberg News
    ** U.S.-listed shares of Cronos Group  CRON.TO ,  CRON.O ,
up 10%, Canopy Growth  WEED.TO ,  CGC.O  rise nearly 18% and
Tilray Brands  TLRY.O  up 20.6%
    ** Official at HHS wrote a letter to Drug Enforcement Agency
(DEA) administrator Anne Milgram calling for marijuana to be
reclassified as a Schedule III drug
    ** Rachel Levine, U.S. assistant secretary for health, said
her letter was based on marijuana classification review by Food
and Drug Administration (FDA)
    


 (Reporting by Tanay Dhumal in Bengaluru)
 ((Tanay.Dhumal@thomsonreuters.com; 
Twitter: https://twitter.com/TanayDhumal))