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Cannabis Stocks Surge, Reverse On Biden Marijuana Possession Pardons

Cannabis Stocks Surge, Reverse On Biden Marijuana Possession Pardons

Cannabis stocks dropped Friday after President Joe Biden on Thursday announced pardons for thousands of people convicted of marijuana possession under federal law. The president called on governors to take similar action for state offenses. Biden also said his administration will review whether cannabis should remain in its current federal category along with heroin and LSD — a move widely...