Cannabis stocks surge on report Trump seeks to ease restrictions

Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana.

Reuters • Dec 12, 2025

Why Canopy Growth Stock Popped Today

President Trump may start the process of legalizing weed on Monday. First step: Rescheduling the drug as "Schedule III.

The Motley Fool • Dec 12, 2025

Canopy Growth stock is pumping today: will these gains hold?

Canopy Growth stock price staged a strong comeback in the pre-market session as investors cheered the latest news on cannabis rescheduling. CGC jumped by over 35% to $1.530, pushing its market cap to over $400 million.

Invezz • Dec 12, 2025

Cannabis stocks surge on reports Trump will reclassify marijuana; Tilray jumps 28%

President Donald Trump will significantly ease federal restrictions on marijuana and change its classification, according to the Washington Post and Axios. Cannabis stocks surged following the report.

CNBC • Dec 12, 2025

Trump expected to sign executive order to reclassify marijuana as soon as Monday, source tells CNBC

Cannabis stocks jumped Friday as the White House moved to significantly ease federal restrictions on marijuana. Brandon Gomez has the latest on the timing of a potential Executive Order and why the industry says it's “more optimistic” this time around.

CNBC Television • Dec 12, 2025

Cannabis stocks spike on reports Trump plans to ease federal pot restrictions

The rally marked one of the biggest single-day moves for cannabis stocks in years, snapping a prolonged slump.

New York Post • Dec 12, 2025

Marijuana Stocks Are Soaring Friday on Anticipation Trump Could Soon Make This Change

Cannabis stocks surged Friday following reports President Donald Trump could soon reclassify marijuana as a less dangerous substance.

Investopedia • Dec 12, 2025

Cannabis stocks surge on Trump's rumored Schedule 3 marijuana change. How high can pot shares get?

Multiple news reports this week said that President Trump is expected to reclassify marijuana's drug scheduling, which would lessen restrictions on its use and potentially allow companies that operate in the cannabis space to increase business.

Fast Company • Dec 12, 2025

Trump Lights Up the Cannabis Market With Plans for Reclassification

Trump plans to sign an executive order directing federal agencies to reclassify marijuana from Schedule I to Schedule III. Reclassification could boost after-tax profits by 40% to 70% for U.S. cannabis operators by ending the 280E tax penalty.

24/7 Wall Street • Dec 12, 2025

Donald Trump Lifts These Marijuana Stocks On Reports He's Poised To Loosen Federal Restrictions

Donald Trump kicked off a marijuana stock rally before Friday's stock market open.

Investors Business Daily • Dec 12, 2025