Cover Progress Corp. surged 49% after the announcement, whereas Aurora Hashish Inc. and Tilray Manufacturers Inc. soared 32% and 39%, respectively.
The Related Press, citing 5 sources accustomed to the matter, reported the DEA’s proposal would acknowledge the medical makes use of of hashish and acknowledge it has much less potential for abuse than different, extra harmful medicine.
Nonetheless, it might not legalize marijuana for leisure use.
At the moment, marijuana is listed as a Schedule I drug within the U.S., alongside heroin and LSD, however can be reclassified as a Schedule III drug, alongside ketamine and a few anabolic steroids.
The reclassification of the drug within the U.S. may reduce dangers for hashish firms that function south of the border and doubtlessly enhance investor urge for food for hashish shares.
Corporations on this story: (TSX:TLRY, TSX:ACB, TSX:WEED)
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