---
title: "Quant snapshot on cannabis names as Trump plans reclassification"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/283794386.md"
description: "Cannabis stocks surged on Wednesday following reports of the Trump administration's plan to reclassify marijuana, potentially aligning it with less-restricted substances. Tilray Brands (TLRY) rose 14%, Canopy Growth (CGC) increased 21%, and Curaleaf (CURLF) climbed 26%. Other cannabis stocks and ETFs also saw gains. Seeking Alpha's quant ratings show most cannabis names hold ratings, with Tilray receiving a 'Strong Sell' at 1.36, while others like MariMed (MRMD) and Cronos Group (CRON) hold ratings around 3.21 and 3.13, respectively."
datetime: "2026-04-23T08:49:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/283794386.md)
  - [en](https://longbridge.com/en/news/283794386.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/283794386.md)
---

# Quant snapshot on cannabis names as Trump plans reclassification

Cannabis stocks rallied sharply on Wednesday after reports that the Trump administration is preparing to formally reclassify marijuana, potentially as soon as this week. The change would place cannabis alongside less-restricted substances like ketamine or certain codeine products. The rally was led by Tilray Brands (TLRY), which surged about 14%, w...

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