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Report: US Government Plans to Reclassify Marijuana; Cannabis Stocks Surge
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According to foreign media citing government officials, the Trump administration may soon reclassify marijuana, potentially opening the door to long-sought research and banking services for the industry. The news spurred sharp gains in shares of Tilray (TLRY.US) and other cannabis producers on Wednesday. Canada-based Tilray Brands, listed in the US, rose 14%; rival Canopy Growth (CGC.US) jumped 21%; while US producer Curaleaf (CURLF.US) surged 26%. The cannabis-focused exchange-traded fund AdvisorShares Pure US Cannabis ETF (MSOS.US) soared 19%. (to/s) This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. Auto-translated by AI AASTOCKS Financial News |
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