U.S. Cannabis Stocks Surge on Trump's Planned Executive Order to Reclassify Marijuana

Deep News04-23 03:22

April 22, 2026 – U.S. cannabis-related stocks experienced a collective surge following reports that President Trump is expected to sign an executive order to ease federal restrictions on marijuana.

According to media reports, the President could sign the order as early as this week. The directive would mark the first federal acknowledgment of marijuana's medical applications and instruct either the Drug Enforcement Administration (DEA) or the Department of Justice to begin the process of reclassifying cannabis. It would be moved from a Schedule I substance, which carries the strictest controls, to the less restrictive Schedule III category.

The significant positive news triggered sharp rises in marijuana-related stocks and ETFs upon the market's reopening. Canopy Growth saw its shares jump by as much as 19%, Tilray Brands surged up to 18%, and Aurora Cannabis climbed as high as 15%. The AdvisorShares Pure US Cannabis ETF rallied as much as 23%, marking its largest intraday gain since December 16, 2025.

Market participants widely anticipate that if the executive order is signed, it would substantially improve the tax environment for cannabis companies, attract increased investment, and encourage further research into the uses of marijuana.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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