>Cannabis stocks jumped Friday as the White House prepared to significantly ease federal restrictions on marijuana.
>Weed producers Tilray Brands and Canopy Growth jumped more than 44% and 52%, respectively. Cannabis greenhouse operator Innovative Industrial Properties surged nearly 9%. The Amplify Seymour Cannabis ETF (CNBS) rallied more than 54% for its best day on record.
>Trump plans to direct agencies to reclassify marijuana as a Schedule III drug, the Washington Post reported on Thursday, reducing oversight of the plant and its derivatives to the same level as some common prescription painkillers and other drugs.