TLRY - Weed Stocks Rally After Biden Makes Marijuana Reclassification Announcement | Benzinga
Shares of marijuana growers and cannabis-related companies are trading higher Thursday after President Biden announced that the Department of Justice has moved to reclassify marijuana from a Schedule I substance to a Schedule III.
The Details:
The White House announcement comes several weeks after the Department of Justice confirmed the DEA was moving to reclassify cannabis as a Schedule III drug.
President Biden posted a video on the social media platform X with the following caption:
"Too many lives have been upended because of our failed approach ...