Why SNDL Stock Is Rising
Portfolio Pulse from Henry Khederian
Shares of SNDL Inc (NASDAQ:SNDL) are trading higher by 7.2% amid strength in the broader cannabis sector. This follows a report suggesting the Department of Health and Human Services (HHS) has called for moving marijuana to a lower-risk drug category. The recommendation is informed by an FDA evaluation of marijuana's classification.
August 31, 2023 | 5:57 pm
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SNDL Inc's stock is trading higher due to the potential reclassification of marijuana to a lower-risk drug category by the HHS. This could lead to increased opportunities for the cannabis sector.
The potential reclassification of marijuana to a lower-risk drug category by the HHS could lead to increased opportunities for the cannabis sector, including SNDL Inc. This is likely to have a positive impact on SNDL's stock in the short term.
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