Cannabis Stocks Surge as Trump Considers Reclassifying Marijuana
TL;DR Summary
Cannabis stocks surged following a Wall Street Journal report that President Trump is considering reclassifying marijuana to a less restrictive drug schedule, which could significantly benefit the industry by easing regulations and boosting investment. The move, if approved, would be a major change for the $80 billion market, though it requires approval from the Attorney General and DEA, with Trump indicating a decision in the coming weeks.
- Cannabis stocks rally on Wall Street Journal report that Trump is weighing drug reclassification CNBC
- Trump says he's looking at reclassifying marijuana at federal level USA Today
- Pot Stocks Soar as Trump Considers Drug Reclassification Bloomberg.com
- Trump is privately mulling how to declare pot a less dangerous drug CNN
- Trump says he'll make a decision on reclassifying marijuana in the coming weeks Politico
Reading Insights
Total Reads
0
Unique Readers
1
Time Saved
2 min
vs 3 min read
Condensed
84%
425 → 67 words
Want the full story? Read the original article
Read on CNBC