TLRY - What's Going On With Marijuana Stocks Tilray And Canopy Growth? | Benzinga
Tilray Brands, Inc. (NASDAQ:TLRY) and Canopy Growth Corporation (NASDAQ:CGC) shares are trading higher Monday with renewed optimism on the possible rescheduling of cannabis. Here's a look at what's going on.
What To Know:
Cannabis stocks jumped on Friday and continue to climb Monday following chatter regarding a possibly imminent rescheduling of marijuana by the Drug Enforcement Agency (DEA).
Vice President Kamala Harris said that the DEA needs to move quickly to reschedule marijuana at a meeting at the White House on Friday.
"This issue is stark when one considers the fact that on the schedule currently, marijuana is considered as dangerous as heroin. Marijuana is considered as dangerous as heroin and more dangerous than fentanyl," Harris said.
"I cannot emphasize enough that they need to get to it as quickly as possible, and we need to have a resolution based on their findings and ...