Cannabis Stocks CGC, ACB, TLRY Drop After Huge Rescheduling Rally
CGCCanopy Growth(CGC) InvestorPlace·2024-05-02 00:11

Cannabis stocks are falling on Wednesday as shares of marijuana companies are giving up some of the massive gains they saw yesterday. That rally came about after reports claimed the Biden Administration is moving forward with plans to reschedule cannabis from a Schedule I drug to a Schedule III drug. This would see it face fewer restrictions on research and open up tax breaks for companies in the field. This decision is a major win for cannabis stocks and it resulted in many shares climbing higher during no ...