Shares of Canadian producers Tilray and Canopy Growth put up double-digit gains Tuesday
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Shares of U.S. and Canadian cannabis stocks continued their rally on Tuesday, after President Donald Trump a day earlier said he was “very strongly” weighing an executive order to reschedule the drug — a move that would lift some regulations on the substance.
Curaleaf Holdings CURLF and Trulieve Cannabis CA:TRUL, which produce cannabis in multiple U.S states, were up 8% and 6.4%, respectively. Canadian producer Tilray Brands TLRY jumped 19%, while Canopy Growth CGC moved 11.5% higher.
