Cannabis stocks rise on report saying Trump may ease restrictions this week
U.S. listed shares of cannabis companies rise after a CNN report says U.S. President Donald Trump is expected to sign an executive order on easing restrictions on the Schedule I narcotic and deem it a less dangerous drug on Thursday
Under current federal law, marijuana remains a Schedule I controlled substance, which are substances with no currently accepted medical use and a high potential for abuse, alongside LSD and heroin, despite state-level medical legalization in places like California
A reclassification could ease criminal penalties and reshape the pot industry by lowering tax burdens and making it easier for firms to secure funding
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