** 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 soar as much as 19%
** Trulieve Cannabis , Canopy Growth , Curaleaf Holdings rise between 14.2% and 19.2%
** ETF AdvisorShares Pure US Cannabis jumps 24.2%
(Reporting by Vallari Srivastava in Bengaluru)
((Srivastava.Vallari@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments