Stock Track | SNDL Inc. Soars 5.80% in Pre-Market as Trump Expected to Ease Marijuana Restrictions

Stock Track12-18

SNDL Inc. (SNDL) surged 5.80% in pre-market trading on Thursday, driven by reports that U.S. President Donald Trump is expected to sign an executive order reclassifying marijuana to ease federal restrictions. The move could significantly benefit cannabis companies by reducing financial and regulatory burdens.

The potential reclassification from Schedule I to Schedule III under the U.S. Controlled Substances Act would lower taxes for the industry and make it easier to secure funding. This has sparked investor optimism across the sector, with peers like Canopy Growth and Tilray Brands also posting gains.

Analysts note that the regulatory change could be a long-awaited catalyst for the cannabis industry, which has faced challenges due to federal restrictions. SNDL's pre-market rally reflects heightened expectations ahead of the anticipated announcement.

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