Pot Stocks Dip Despite Trump's Reclassification Hopes
Update: 2025-12-16
Description
Pot stocks took a hit on Monday, despite former President Trumps hint at an executive order to ease marijuana regulations. The Amplify Seymour Cannabis ETF, which tracks cannabis companies, initially rose after Trumps comments but ended the day down nearly seven percent. Trump confirmed hes considering reclassifying cannabis, which could allow for more research and make banks and large investors more comfortable with the industry. However, individual cannabis producers like Tilray and Canopy Growth saw their stock prices fall, and the retailer SNDL experienced a significant drop. Despite the setback, industry experts remain optimistic about the potential change in classification.
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