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Benzinga

Business

Henry Khederian

While Investors Chase Monday's Tilray, Canopy And Aurora Rally, A Potential Federal Shift Could Redefine Cannabis Growth Fundamentals

ACB Aurora Cannabis Inc Canopy Growth Corp CGC Tilray Brands Tilray Brands Inc. TLRY WSJ

Bush,Cannabis,Leaf,Close-up,In,A,Lush,Green

Shares of major cannabis companies, including Tilray Brands Inc (NASDAQ:TLRY), Canopy Growth Corp (NASDAQ:CGC), and Aurora Cannabis Inc (NASDAQ:ACB), are trading sharply higher Monday morning.

The stocks are soaring following a WSJ report that President Trump is potentially considering reclassifying marijuana as a less dangerous drug, a move that would have profound financial implications for the industry.

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