Trump Administration Expected to Reclassify Cannabis on Wednesday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 22 2026
0mins
The Trump administration is expected to move to reclassify cannabis as soon as Wednesday, making it easier to research medicinal applications of the plant, Axios' Josephine Walker and Marc Caputo report, citing an administration official familiar with the matter. The news comes after Trump issued an executive order last year to reclassify cannabis as a Schedule III drug. Publicly traded companies in the space include Aurora Cannabis (ACB), CV Sciences (CVSI), Canopy Growth (CGC), Cronos Group (CRON), Goodness Growth (GDNSF), Green Thumb Industries (GTBIF), IGC Pharma (IGC), Tilray (TLRY), Trees Corporation (CANN) and Trulieve Cannabis (TCNNF).
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Analyst Views on ACB
Wall Street analysts forecast ACB stock price to rise
3 Analyst Rating
3 Buy
0 Hold
0 Sell
Strong Buy
Current: 3.510
Low
6.28
Averages
6.77
High
7.39
Current: 3.510
Low
6.28
Averages
6.77
High
7.39
About ACB
Aurora Cannabis Inc. is a Canada-based medical cannabis company. The Company's principal business lines are focused on the production, distribution and sale of cannabis and cannabis-derivative products in Canada and internationally. The Company's segments include Cannabis and Plant Propagation. Its adult-use brand portfolio includes Drift, San Rafael '71, Daily Special, Tasty's, Being and Greybeard. The Company's medical cannabis brands include MedReleaf, CanniMed, Aurora and Whistler Medical Marijuana Co, as well as international brands, Pedanios, IndiMed and CraftPlant. Its subsidiaries include Aurora Cannabis Enterprises Inc., Aurora Deutschland GmbH, Whistler Medical Marijuana Corporation, and Indica Industries Pty Ltd., among others. The Company is engaged in distribution wholesale medical cannabis in various international markets, including Australia, New Zealand, and the Caribbean. It has manufacturing facilities in Canada and Germany.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Trump Administration Pushes Legislation: The Trump administration is urging Congress to amend the broad ban on hemp-derived products to ensure the legality of CBD products, which is expected to benefit farmers and further fuel market optimism for cannabis stocks.
- Positive Market Reaction: Following this news, shares of Tilray Brands (TLRY) rose nearly 4% in premarket trading, making it the top-trending ticker on Stocktwits, while peers like Canopy Growth (CGC), Aurora Cannabis (ACB), and Cronos (CRON) also saw their stock prices increase.
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- Diverse Contribution Initiatives: Recent donations include support for the Veteran Association Food Bank to distribute food to veteran families and funding for mental health awareness programs, demonstrating the company's efforts to address the diverse needs of veterans.
- Community Engagement and Partnerships: Aurora collaborates with various veteran organizations, such as Highway for Heroes and Quilts of Valour Canada, enhancing the voices and influence of the veteran community through outreach and charitable donations, thereby promoting a sense of social responsibility.
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- Global Market Presence: Aurora Cannabis serves medical cannabis markets across Canada, Europe, Australia, and New Zealand, leveraging its GMP-certified manufacturing facilities to continuously expand market share, aiming to meet the growing medical demand with high-quality products.
- Forward-Looking Statements: The company includes forward-looking statements regarding the timing of its financial report release, highlighting management's focus on market dynamics and expectations for future business development, aiming to provide investors with a clearer outlook on the company's prospects.
See More
Aurora Cannabis Schedules Q4 and FY 2026 Results Conference Call
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- Executive Participation: The call will be hosted by Executive Chairman and CEO Miguel Martin and CFO Simona King, ensuring that investors can directly engage with top management, thereby enhancing investor trust and participation.
- Global Market Positioning: As a leading global medical cannabis company, Aurora is dedicated to improving patient lives through scientific expertise and high-quality products, serving multiple markets including Canada, Europe, Australia, and New Zealand, showcasing its strong international business capabilities.
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See More
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- Micro Float Advantage: With a public float of only 534,420 shares following multiple reverse stock splits, AKAN's stock skyrocketed 1,700% in April, outperforming peers like Trulieve and Canopy Growth, highlighting the sensitivity of micro-float stocks to buying pressure during market rebounds.
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- Market Sentiment High: Retail sentiment for AKAN on Stocktwits is extremely bullish, with message volumes surging 231,800% over the past month, indicating strong investor interest in the stock, despite potential short-term corrections, as traders remain optimistic about its future performance.
See More
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- Hearing Date Set: The DEA is scheduled to hold a hearing on June 29 to discuss reclassifying marijuana from Schedule I to Schedule III, which could significantly impact commercial and medical uses across the country.
- Trump Administration Pushes Legislation: The Trump administration is urging Congress to amend the broad ban on hemp-derived products to ensure the legality of CBD products, which is expected to benefit farmers and further fuel market optimism for cannabis stocks.
- Positive Market Reaction: Following this news, shares of Tilray Brands (TLRY) rose nearly 4% in premarket trading, making it the top-trending ticker on Stocktwits, while peers like Canopy Growth (CGC), Aurora Cannabis (ACB), and Cronos (CRON) also saw their stock prices increase.
- Investor Sentiment Shift: On Stocktwits, retail sentiment regarding TLRY shifted from 'bullish' to 'extremely bullish', indicating high expectations for the upcoming DEA hearing, which could potentially alter the sentiment curve in the market.
See More
Aurora Expands Support for Veteran Programs in Canada
- Ongoing Veteran Support: Aurora Cannabis donates 5% of net profits from its Strains for Heroes product line to veteran organizations annually, up to C$200,000, reflecting the company's long-term commitment to improving the quality of life for veterans across Canada.
- Diverse Contribution Initiatives: Recent donations include support for the Veteran Association Food Bank to distribute food to veteran families and funding for mental health awareness programs, demonstrating the company's efforts to address the diverse needs of veterans.
- Community Engagement and Partnerships: Aurora collaborates with various veteran organizations, such as Highway for Heroes and Quilts of Valour Canada, enhancing the voices and influence of the veteran community through outreach and charitable donations, thereby promoting a sense of social responsibility.
- Product Development and Feedback: Launched in 2022, Aurora's Strains for Heroes program incorporates feedback from veteran patients to guide the development of specific medical cannabis products, ensuring they meet the real needs of veterans and further solidifying the company's market position.
See More
Major Wall Street Rating Changes Overview
- Dell Upgrade: Susquehanna upgraded Dell from neutral to positive, citing increased confidence in a sustainable 8-10% operating margin and a 6% free cash flow margin, which supports a potential rerating of its EV/sales multiple to 3x, indicating strong market potential.
- Viper Energy Initiation: RBC initiated coverage of Viper Energy with an Outperform rating and a $58 price target, highlighting its advantages in scale and core Permian focus, positioning it as a best-in-class mineral and royalty company.
- SentinelOne Buy Rating: Bank of America upgraded SentinelOne from neutral to buy, viewing its solid quarterly performance as a strong entry point after an 18% decline in after-hours trading, reflecting confidence in its future growth prospects.
- XPeng Upgrade: Macquarie upgraded XPeng from neutral to outperform, noting its volume growth in the Chinese EV market, while future investments in humanoids and robotaxis provide additional upside potential for its stock.
See More
Aurora Cannabis Schedules Q4 2026 Earnings Call
- Earnings Call Announcement: Aurora Cannabis has scheduled a conference call for June 11, 2026, at 8:00 a.m. Eastern Time to discuss its Q4 and fiscal year 2026 financial results, with the report expected to be released before market opening, aiming to provide transparent communication to investors.
- Executive Leadership: The call will be hosted by Executive Chairman and CEO Miguel Martin and CFO Simona King, ensuring that investors can directly engage with top management, thereby enhancing investor confidence and company transparency.
- Global Market Presence: Aurora Cannabis serves medical cannabis markets across Canada, Europe, Australia, and New Zealand, leveraging its GMP-certified manufacturing facilities to continuously expand market share, aiming to meet the growing medical demand with high-quality products.
- Forward-Looking Statements: The company includes forward-looking statements regarding the timing of its financial report release, highlighting management's focus on market dynamics and expectations for future business development, aiming to provide investors with a clearer outlook on the company's prospects.
See More
Aurora Cannabis Schedules Q4 and FY 2026 Results Conference Call
- Earnings Call Announcement: Aurora Cannabis has scheduled a conference call for June 11, 2026, at 8:00 a.m. Eastern Time to discuss its fourth quarter and fiscal year 2026 financial results, which will be released before market opening, aiming to provide transparent information to investors.
- Executive Participation: The call will be hosted by Executive Chairman and CEO Miguel Martin and CFO Simona King, ensuring that investors can directly engage with top management, thereby enhancing investor trust and participation.
- Global Market Positioning: As a leading global medical cannabis company, Aurora is dedicated to improving patient lives through scientific expertise and high-quality products, serving multiple markets including Canada, Europe, Australia, and New Zealand, showcasing its strong international business capabilities.
- Brand Portfolio Advantage: The company boasts a portfolio of well-known brands such as Aurora® and MedReleaf®, and with world-class GMP-certified manufacturing facilities, Aurora continues to expand its global market share, further solidifying its leadership position in the medical cannabis industry.
See More
AKAN Stock Soars 300%, Set for Best Week Ever
- Stock Surge: AKAN's stock has surged 300% this week, marking its best weekly performance ever, reflecting improved investor sentiment across cannabis stocks, particularly after the U.S. Justice Department moved state-regulated marijuana to Schedule III, significantly boosting optimism in the sector.
- Micro Float Advantage: With a public float of only 534,420 shares following multiple reverse stock splits, AKAN's stock skyrocketed 1,700% in April, outperforming peers like Trulieve and Canopy Growth, highlighting the sensitivity of micro-float stocks to buying pressure during market rebounds.
- Strategic Shift: AKAN is increasingly focusing on the Canadian and European markets while building a telecommunications infrastructure through its First Towers & Fiber unit in Mexico, which is expected to generate $2 million in contracted cash flow over the next decade, providing a hedge against the volatility typical in pure cannabis companies.
- Market Sentiment High: Retail sentiment for AKAN on Stocktwits is extremely bullish, with message volumes surging 231,800% over the past month, indicating strong investor interest in the stock, despite potential short-term corrections, as traders remain optimistic about its future performance.
See More
