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

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.

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.

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