Cannabis stocks rise after Trumps considers executive order to reclassify marijuana

Canopy Growth

16/12/2025 16:19

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

** 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 Canopy Growth WEED.TO, CGC.O, Cronos Group CRON.TO, CRON.O, SNDL SNDL.CD, SNDL.O and Aurora Cannabis ACB.TO, ACB.O up between 3.3% and 9.4%

** Tilray Brands' TLRY.TO, TLRY.O stock jumps 21.6%

** 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)

 ((siddhi.mahatole@thomsonreuters.com))