
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