President Trump’s executive order reclassified marijuana from Schedule I to Schedule III, recognizing its valid medical uses. This move could benefit cannabis companies like Green Thumb, Tilray, and Trulieve by allowing them to deduct more business expenses. The reclassification marks a significant federal shift in cannabis policy, impacting the industry.

Read more at Yahoo Finance: President Trump Just Reclassified Marijuana. Are Green Thumb, Tilray, and Trulieve Stocks No-Brainer Buys?