Shares of cannabis companies jumped on Friday after the Washington Post reported U.S. President Donald Trump is expected to push the government to dramatically loosen federal restrictions on marijuana.
U.S.-listed shares of Tilray Brands gained 35%, while SNDL , Canopy Growth and ETF AdvisorShares Pure US Cannabis were up between 20% and 31% in morning trading.
Trump is expected to issue an executive order as soon as Monday that would allow for reclassification of weed, CNBC reported, citing a source familiar with the matter.
