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US Government Marijuana Reclassification and Tilray Brands Stock Volatility

The Motley Fool +1 · ·by G4L

TLRY
TLRY Tilray Brands Inc
$2.85 -2.40%
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  1. 1The US government announced earlier this year that it would reclassify medical cannabis products from Schedule 1 to Schedule 3.
  2. 2Tilray Brands has recorded a 76% decline in its stock price over the past 12 months.
  3. 3Tilray, a company with a market capitalization of $421.2 million, is a Canadian producer and will not directly benefit from the reclassification.

So what's the key point?

The US government announced it will change the classification of medical cannabis. Tilray Brands is a Canadian company, so it is difficult for them to receive direct benefits from this decision.

Source The Motley Fool +1 · View original ↗

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