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Pot stocks climb on report Trump considers easing marijuana restrictions

ReutersDec 12, 2025 10:40 AM

U.S.-listed shares of cannabis firms jump premarket

Washington Post reports U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana, citing people familiar with the discussions

Report says Trump discussed plan with House Speaker Mike Johnson on Wednesday

Trump said in August his administration is considering reclassifying marijuana; currently its listed as Schedule I substance

Move expected to re-classify it as Schedule III substance, report says

Canopy Growth CGC.O surges 18.1%, Cronos Group CRON.O jumps 11.9%, Tilray Brands TLRY.O climbs 28.4%

SNDL SNDL.O and Aurora Cannabis ACB.O gain 11.3% and 15%, respectively

AdvisorShares Pure US Cannabis ETF MSOS.P jumps 31.7%, and Roundhill Cannabis ETF WEED.P gains 27.8% in low vols

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