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Donald Trump Lifts These Marijuana Stocks On Reports He's Poised To Loosen Federal Restrictions

KIT NORTON

2 min read

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⚡ Quantum Brief

Reports indicate President Trump plans to reduce federal marijuana restrictions, aligning oversight with common prescription painkillers. Discussions with House Speaker Mike Johnson suggest imminent policy changes. Marijuana stocks surged pre-market Friday following the Washington Post’s report, citing six anonymous sources familiar with the talks. The sector saw a 3% midday gain Monday within IBD’s specialty consumer products group. The proposed shift would significantly ease regulatory burdens on cannabis products, potentially boosting industry growth and investor confidence. Exact implementation details remain undisclosed. Analysts note the move could reshape the $30B+ U.S. cannabis market, though federal legalization hurdles persist. State-level conflicts with federal law may complicate enforcement. The rally contrasts with broader tech declines, including Broadcom’s slide, highlighting cannabis as a standout sector amid mixed market performance. Policy timing remains uncertain.

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BREAKING: Tech Futures Slide As Broadcom SkidsMarijuana stocks spun higher before Friday's stock market, rallying on reports President Donald Trump aims to loosen federal restrictions on marijuana, Plans call for cutting oversight of marijuana products to the same level as some ordinary prescription painkillers.

The Washington Post, citing six people familiar with the discussions, reported Thursday that Trump has discussed plans with House Speaker Mike Johnson.… 9/29/2025 IBD's specialty consumer products industry group, which is predominantly made up of cannabis stocks, rose 3% midday Monday. 9/29/2025 IBD's specialty consumer products industry group, which is predominantly made... In the wrong hands, quantum computing could undo cryptocurrency security features. (© Gary Neill)Get instant access to exclusive stock lists, expert market analysis and powerful tools with 2 months of IBD Digital for only $20!Get market updates, educational videos, webinars, and stock analysis.Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content.Information in Investor’s Business Daily is for informational and educational purposes only and should not be construed as an offer, recommendation, solicitation, or rating to buy or sell securities. The information has been obtained from sources we believe to be reliable, but we make no guarantee as to its accuracy, timeliness, or suitability, including with respect to information that appears in closed captioning. Historical investment performances are no indication or guarantee of future success or performance. Authors/presenters may own the stocks they discuss. We make no representations or warranties regarding the advisability of investing in any particular securities or utilizing any specific investment strategies. Information is subject to change without notice. For information on use of our services, please see our Terms of Use.*Real-time prices by Nasdaq Last Sale. Real-time quote and/or trade prices are not sourced from all markets. Ownership data provided by LSEG and Estimate data provided by FactSet.IBD, IBD Digital, IBD Live, IBD Weekly, Investor's Business Daily, Leaderboard, MarketDiem, MarketSurge and other marks are trademarks owned by Investor's Business Daily, LLC.©2025 Investor’s Business Daily, LLC.

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