Pot stocks soar on report US drug agency to reclassify cannabis

Curaleaf Holdings

30/04/2024 18:45

** Shares of cannabis firms rise after report that the U.S.
Drug Enforcement Administration (DEA) will move to reclassify
marijuana as a less dangerous drug
    ** The Associated Press says in the report that the DEA is
expected to recommend reclassifying cannabis as a schedule III
substance
    ** Shares of Tilray Brands  TLRY.O  soar as much as 19%
    ** Trulieve Cannabis  TRUL.CD , Canopy Growth  WEED.TO ,
Curaleaf Holdings  CURA.TO  rise between 14.2% and 19.2%
    ** ETF AdvisorShares Pure US Cannabis  MSOS.P  jumps 24.2%

 (Reporting by Vallari Srivastava in Bengaluru)
 ((Srivastava.Vallari@thomsonreuters.com;))