Trump wants to loosen regulations, marijuana stocks soaring collectively.

According to the Securities Times APP, several local American media outlets have reported that US President Donald Trump is expected to push for marijuana to be reclassified as a "less harmful drug." This latest market trend has undoubtedly directly boosted the stocks of US marijuana producers on Friday in pre-market trading. The top gainers include: Tilray Brands (TLRY.US) soaring over 30% pre-market, Canopy Growth (CGC.US) up 23%, Aurora Cannabis (ACB.US) up 20%, SNDL (SNDL.US) up 14%, and Cronos Group (CRON.US) up 12%.