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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world
Americas+1 212 318 2000
EMEA+44 20 7330 7500
Asia Pacific+65 6212 1000
Marijuana plant leaves in Daly City, California.
Marijuana stocks surged on Wednesday after the Drug Enforcement Administration said it would review its classification of cannabis following a letter from the US Department of Health and Human Services that urged it to loosen rules on the substance.
The MJ PurePlay 100 Index, which tracks cannabis stocks, jumped 13%, the most since October, on the news. Goodness Growth Holdings and Columbia Care Inc. were among the biggest gainers in the index, up 26% and 39%, respectively. Tilray Brands Inc. ended the day 11% higher, while Canopy Growth Corp. rose 13%. Verano Holdings Corp. gained 17% and Cresco Labs Inc. advanced 22%.
Weed Stocks Surge on DEA Review: MJ-100, GDNS, CCHW, TLRY, CGC, VRNO – Bloomberg
