A man checks out a sample at a cannabis store in Winnipeg on October 17, 2018. THE CANADIAN PRESS/John WoodsCanadian 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.
Tilray Brands Inc.'s shares were up just shy of six per cent to $2.97, while Canopy Growth Corp.'s share price rose more than 15 per cent to $15.53. 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.
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