Major U.S. cannabis stocks surged this week after Donald Trump hinted at loosening federal rules on marijuana. On Sunday, he posted a video highlighting potential health benefits of hemp-derived cannabidiol (CBD), especially for seniors.
Trump’s remarks follow earlier comments that he is exploring reclassifying cannabis from Schedule I to Schedule III — a change that would ease legal restrictions and allow firms to claim tax deductions they currently cannot.
The reaction in the stock market was swift. Shares in companies like Tilray Brands jumped over 40%, and cannabis-focused ETFs such as MSOS surged more than 20% in a single session.
Investors say the optimism stems from potential reforms that could open access to traditional banking for cannabis firms and reduce burdensome tax codes under Section 280E.
But experts caution that federal action may take time. The reclassification process lies within federal agencies, and any policy shift won’t erase years of challenges for the industry overnight.
