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Benzinga

Business

Melanie Schaffer

Canopy Growth, Tilray Pull Back After Enjoying Surge Following Biden's Pardon: What's Up With These Cannabis Stocks?

Canopy Growth Tilray Nasdaq Joe Biden Canopy Growth Corp Tilray Brands Inc. Marijuana

Canopy Growth Corp. (NASDAQ:CGC) and Tilray Brands Inc. (NASDAQ:TLRY) were plunging over 13% and 11%, respectively, at one point Friday after skyrocketing on Thursday.

When President Joe Biden announced plans to pardon all who have been federally convicted of marijuana possession, and those who have been convicted in Washington, D.C., prices soared.

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