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Cannabis stocks surged Friday after reports that President Trump plans to ease federal restrictions by reclassifying marijuana from Schedule I to Schedule III.
Transcript
00:01Cannabis stocks surged Friday after reports that President Trump plans to ease federal
00:04restrictions by reclassifying marijuana from Schedule 1 to Schedule 3.
00:09Tilray, Canopy Growth and the broader cannabis ETF all jumped as investors bet on looser
00:15tax rules, easier banking access and more industry investment.
00:20Analysts say the move, expected early next year, could accelerate regulatory timelines,
00:25especially if paired with a potential Supreme Court ruling on federal prohibition.
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