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Canadian cannabis stocks rally as U.S. takes another step toward reclassifying pot

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Organigram Holdings Inc.,Canadian Cannabis Stocks,Aurora Cannabis Inc.

TORONTO — Canadian cannabis stocks are rallying after U.S. President Joe Biden announced the country had taken a 'major step' toward reclassifying pot as a...

TORONTO — Canadian cannabis stocks are rallying after U.S. President Joe Biden announced the country had taken a "major step" toward reclassifying pot as a less dangerous drug.

David Klein, chief executive of the Smiths Falls, Ont.-based Canopy, says the move is a "major leap forward" because it could help tackle the restrained state of the U.S. weed industry and even pave the way for federal legalization.Meanwhile, Beena Goldenberg of Organigram positioned the latest move as long overdue and said it was the first substantive change to the country's federal cannabis policy in more than 50 years.

It's been almost a year since the crime occurred, but Britt Leroux of Windsor says she's still haunted by the selfie photo that Bubba Pollock took and posted while in the hospital room of her terminally ill father."My heart sank ," Leroux told CBC Windsor on Wednesday, just after leaving yet another court date on the case."It was the scariest moment of my entire life...

 

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