Canopy Growth Rallies On News Of Possible Rescheduling From Trump

Core Viewpoint - Canopy Growth (NASDAQ: CGC) experienced a 24% increase in stock price following President Trump's announcement regarding the potential rescheduling of cannabis in the upcoming weeks, indicating a significant opportunity for expansion into the U.S. cannabis market [1]. Group 1: Company Insights - Canopy Growth is strategically positioned to expand into U.S. cannabis markets through its subsidiary, Canopy USA [1]. Group 2: Industry Context - The announcement from the Trump administration suggests a potential shift in cannabis regulation, which could benefit Canadian licensed producers (LPs) like Canopy Growth [1].