Pot stocks pop on Schedule 3 hopes: Tilray Brands, Trulieve Cannabis, Cresco Labs: How high will they go?
Shares of publicly traded cannabis companies, including Tilray Brands, Trulieve Cannabis, and Cresco Labs, are experiencing significant gains following reports that the Trump administration is considering reclassifying marijuana from a Schedule I to a Schedule III drug. While President Trump has indicated he is "considering" the reclassification to facilitate research, no official decision has been made. This potential change, which would lessen restrictions but not alter federal legality, has already led to impressive stock jumps for several major cannabis brands.
https://www.fastcompany.com/91461972/pot-stocks-price-rise-tilray-trulieve-cannabis-cresco-schedule-3-news