---
title: "Trump's rescheduling of marijuana is a spark for top marijuana ETFs"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/284997188.md"
description: "President Trump announced plans to reschedule marijuana from Schedule I to Schedule III under the Controlled Substances Act, providing a boost to cannabis stocks that have faced significant losses over the past five years. This announcement follows an executive order aimed at increasing funding and research for psilocybin and other substances."
datetime: "2026-05-03T13:59:18.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/284997188.md)
  - [en](https://longbridge.com/en/news/284997188.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/284997188.md)
---

# Trump's rescheduling of marijuana is a spark for top marijuana ETFs

After amassing enormous losses over the past five years, cannabis stocks received a much-needed shot in the arm last week when President Donald Trump announced plans to officially reschedule marijuana from Schedule I to Schedule III under the Controlled Substances Act (CSA). The April 23 announcement comes on the heels of Trump's April 18 executive order seeking to increase funding and accelerate research for the use of psilocybin and other...

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