Pot stocks climb on report Trump considers easing marijuana restrictions

Canopy Growth

12/12/2025 10:40

** 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

 (Reporting by Tharuniyaa Lakshmi in Bengaluru)

 ((tharuniyaa@thomsonreuters.com))