Shares of cannabis stocks jumped after an AP report Tuesday afternoon that the DEA had made official plans to reclassify marijuana as a safer Schedule III drug.
$Aurora Cannabis(ACB.US)$ jumped 12%, $Tilray Brands(TLRY.US)$ climbed 21%, and $Canopy Growth(CGC.US)$ grew 17%.
The report found the U.S. Drug Enforcement Administration had submitted a proposal to the White House to recognize the medical uses of the drug. The move would not outright legal...