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Cannabis Stocks Surge. Trump May Reclassify Marijuana—but White House Says a Final Decision Hasn’t Been Made.
Cannabis stocks Tilray Brands and Canopy Growth surged following reports that President Donald Trump would loosen federal restrictions on marijuana. A White House official told Barron’s that no final decision had been made regarding the rescheduling of the drug. The president indicated as far back as August that he was weighing the positives and negatives of a policy change.
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