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Pot Stocks Soar on Report Trump Mulling Drug Reclassification

Pot Stocks Soar on Report Trump Mulling Drug Reclassification

Bloomberg2 days ago
Shares of cannabis-linked companies rallied on Monday after a report that President Donald Trump was considering reclassifying marijuana as a less dangerous drug — giving the sector a much needed boost.
The stock of greenhouse production firm Village Farms International Inc. surged as much as 42% on Monday, its biggest intraday jump since June 2017. Tilray Brands Inc., Canopy Growth Corp., Aurora Cannabis Inc., SNDL Inc. and Cronos Group Inc. all climbed by double digits after the Wall Street Journal reported that the US president was interested in making the change.
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