Source: Fox Business
“Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana. U.S.-listed shares of Tilray Brands gained 35%, while SNDL, Canopy Growth and ETF AdvisorShares Pure US Cannabis were up between 20% and 31% in morning trading. According to the report from Thursday, Trump plans to direct agencies to reclassify marijuana as a Schedule III drug, reducing oversight of the plant and its derivatives to the same level as some common prescription painkillers and other drugs. … Trump’s administration has been looking to reclassify marijuana as a less dangerous drug, a shift that could ease criminal penalties and reshape the industry through potentially lower taxes and by making it easier to secure funding.” (12/12/25)
https://www.foxbusiness.com/markets/cannabis-stocks-surge-report-trump-seeks-ease-restrictions