By Josh Beckerman Canopy Growth and Tilray Brands shares rose after the Justice Department submitted a proposed regulation to reschedule marijuana under the Controlled Substances Act. .
Shares of cannabis companies rose on
Thursday afternoon after the U.S. Department of Justice unveiled
a proposal to ease restrictions on marijuana, a rule if enacted
would also enable more research on.
Cannabis companies and advocates applaud President Biden's announcement to reschedule and legalize cannabis, calling it a major leap forward and opportunity to correct long-standing wrongs and improve the industry's cashflow.
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