Last updated: 2025-12-18 20:56:12 ET
President Donald Trump signed an executive order Thursday reclassifying marijuana as a Schedule III substance with looser restrictions.
Trump signs executive order easing federal restrictions on marijuana
The moves, which do not decriminalize marijuana, come as Americans have increasingly embraced the substances.
Tilray and Canopy Growth shares were among big gainers Thursday.
President Trump is expected to sign an order that would reschedule marijuana to a lower drug classification, according to two sources, in one of the most significant changes to drug policy in decades.
President Trump is "considering" an executive order to reclassify marijuana. 🔍
Tilray’s stock, and shares of other cannabis companies, soared after reports provided investors hope that President Trump would move to have marijua...
President Donald Trump will significantly ease federal restrictions on marijuana, according to the Washington Post.
The president is expected to attempt to classify marijuana similar to some common prescription painkillers and other drugs.
