Marijuana Stocks Fall, Micron Jumps, Lululemon Surges
On this episode of Stock Movers:- Cannabis stocks like Tilray (TLRY) and Canopy (CGC) fell Thursday after President Donald Trump signed an executive order to reschedule marijuana as a lower-class drug. Trump's order reclassifies marijuana as a Schedule III drug from Schedule I, but doesn't permit legalized recreational sales. Other Schedule I substances include highly addictive drugs with no accepted medical use, such as heroin, while Schedule III substances are considered to have lower potential for abuse.- Shares of Micron Technology (MU) the largest US maker of computer memory chips, rose…
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