Pot firms rally after US reclassifies marijuana as less dangerous drug

Shares of cannabis firms surged on Thursday after the U.S. government moved to reclassify the Food and Drug Administration-approved and state-licensed marijuana as a less-dangerous drug.

Apr 23, 2026 - 19:00
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Pot firms rally after US reclassifies marijuana as less dangerous drug
Shares of cannabis firms surged on Thursday after the U.S. government moved to reclassify the Food and Drug Administration-approved and state-licensed marijuana as a less-dangerous drug.

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