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Event Brief

Marijuana stocks tumble as Trump reclassifies drug

Trump's order reclassifies cannabis, reducing its danger level but not legalizing it, impacting marijuana stocks.
WHO: Donald Trump
WHAT: Reclassification of cannabis
WHEN: Dec 18, 2025 at 7:00 PM ET
WHERE: United States
WHY: To categorize cannabis as less dangerous
Sources (1): Financial Times

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