Cannabis stocks rise after Trump considers executive order to reclassify marijuana

Canopy Growth

16/12/2025 17:15

Updates

** U.S.-listed shares of cannabis firms jump in afternoon trading

** President Donald Trump said on Monday he is considering signing an executive order to reclassify marijuana as a less dangerous drug, though he offered no timeline for the move

** Shares of Cronos Group CRON.TO, CRON.O, SNDL SNDL.CD, SNDL.O and Aurora Cannabis ACB.TO, ACB.O rise between 3% and 7%

** Tilray Brands TLRY.TO, TLRY.O surges 21.7%, and Canopy Growth WEED.TO, CGC.O jumps 15%

** The stocks remain above the levels they were at when news of the possible reclassification broke last week

** A reclassification could ease criminal penalties and reshape the pot industry by lowering tax burdens and making it easier for firms to secure funding

 (Reporting by Siddhi Mahatole and Kamal Choudhury)

 ((siddhi.mahatole@thomsonreuters.com))