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Quotes displayed in real-time or delayed by at least 15 minutes. Market data provided by Factset. Powered and implemented by FactSet Digital Solutions.  Legal Statement.

This material may not be published, broadcast, rewritten, or redistributed. ©2026 FOX News Network, LLC. All rights reserved. FAQ - New Privacy Policy

Trump again says he is considering reclassifying marijuana as less dangerous drug
December 15

Trump again says he is considering reclassifying marijuana as less dangerous drug

President Donald Trump said he is considering an executive order to reclassify marijuana as Schedule III drug, citing research benefits and public demand for policy reform.

Cannabis stocks surge on report Trump seeks to ease restrictions
December 12

Cannabis stocks surge on report Trump seeks to ease restrictions

President Donald Trump is expected to push for marijuana reclassification from Schedule I to Schedule III status, sending cannabis stocks soaring.

Trump considers reclassifying marijuana as less dangerous drug: report
August 9

Trump considers reclassifying marijuana as less dangerous drug: report

President Donald Trump is weighing whether to reclassify marijuana a less dangerous drug, which would make it easier to buy and sell cannabis.

Hemp industry remains in the weeds even after Senate takes loophole closure out of bill
August 6

Hemp industry remains in the weeds even after Senate takes loophole closure out of bill

The hemp industry's future is unclear as the Senate pulls language from its bill that would close a loophole, while the House keeps it.

Cannabis CEO urges Texas gov to veto sweeping THC ban, push for regulations
June 6

Cannabis CEO urges Texas gov to veto sweeping THC ban, push for regulations

Texas Gov. Greg Abbott is poised to sign a sweeping THC ban, but cannabis industry insiders say that it would be a mistake and could make room for bad actors.

Texas lawmakers vote to gut booming hemp industry, sparking backlash
May 23

Texas lawmakers vote to gut booming hemp industry, sparking backlash

Texas lawmakers passed a bill to ban THC-infused hemp products, threatening to wipe out the $4 billion industry. Legal challenges loom as Governor Abbott's decision on signing it into law is unknown.

Federal judge blocks Oregon law requiring marijuana business workers set up labor agreements with workers
May 21

Federal judge blocks Oregon law requiring marijuana business workers set up labor agreements with workers

Cannabis business owners have been saved from having to comply with Oregon's Measure 119 after a judge ruled it unconstitutional. The measure would have rquired owners to stay neutral during unionization efforts.

Cannabis drinks killing alcohol sales? Jon Taffer says there's 'no question' it's ramming the drink market
May 10

Cannabis drinks killing alcohol sales? Jon Taffer says there's 'no question' it's ramming the drink market

Bar and restaurant expert Jon Taffer discusses cannabis beverages and the impact it is having on the U.S. alcohol business.

Tim Scott introduces Senate bill to address debanking over 'reputational risk'
March 7

Tim Scott introduces Senate bill to address debanking over 'reputational risk'

Sen. Tim Scott and banking committee Republicans introduced a new bill known as the FIRM Act, which seeks to prevent debanking decisions related to concerns over reputational risk.

THC vapes recalled in Michigan, agencies cite potential harm to lungs
February 11

THC vapes recalled in Michigan, agencies cite potential harm to lungs

Some THC vapes were recently recalled in Michigan over concerns about respiratory issues.

CBD- and THC-infused mocktail brand sold in states where cannabis products are legal as industry grows
January 15

CBD- and THC-infused mocktail brand sold in states where cannabis products are legal as industry grows

THC- and CBD-infused mocktail brand Modern Alchemist is offering products to consumers in states where cannabis consumption is legalized.

Newsom-approved cannabis cafes in California would be an 'absolute disaster,' celeb chef says
October 6, 2024

Newsom-approved cannabis cafes in California would be an 'absolute disaster,' celeb chef says

Celebrity chef and restaurant owner Andrew Gruel weighs in on Amsterdam-style cafés in California.

Dr. Drew reveals potential fallout from DOJ's marijuana reclassification: There are 'real consequences'
May 23, 2024

Dr. Drew reveals potential fallout from DOJ's marijuana reclassification: There are 'real consequences'

The "big problem" with legalizing marijuana on a federal level, according to Dr. Drew Pinsky, is that addiction becomes more frequent as the drug concentration becomes "more powerful."

Investors wary of US cannabis ETFs despite recent rally
May 8, 2024

Investors wary of US cannabis ETFs despite recent rally

Marijuana ETFs and cannabis stocks shot higher last week after the U.S. Justice Department said it plans to reclassify marijuana as a less dangerous drug.

Dr. Drew warns over marijuana studies revealing 'extremely worrisome' data
January 15, 2024

Dr. Drew warns over marijuana studies revealing 'extremely worrisome' data

Marijuana has become "a different drug," Dr. Drew Pinsky warns, as cannabis use has been linked to higher chances of developing schizophrenia or bipolar disorders.

DEA warns Georgia to cancel plans to become first state to allow pharmacies to sell medical marijuana
December 18, 2023

DEA warns Georgia to cancel plans to become first state to allow pharmacies to sell medical marijuana

Federal officials told Georgia to end its plan to become the first state to allow pharmacies to distribute medical marijuana because it would violate federal law.

Minnesota's first cannabis regulator resigns after allegations of illegal sales
September 23, 2023

Minnesota's first cannabis regulator resigns after allegations of illegal sales

Minnesota's first cannabis regulator resigned on Friday after allegations surfaced that she sold illegal products through her company, Loonacy Cannabis Co.

Pot stocks rally after health officials ask DEA to reclassify marijuana as lower-risk drug
August 30, 2023

Pot stocks rally after health officials ask DEA to reclassify marijuana as lower-risk drug

Assistant Secretary for Health Rachel Levine reportedly requested in a letter to DEA Administrator Anne Milgram that marijuana be downgraded to a schedule III substance.

Gwyneth Paltrow-backed marijuana brand smokes its California competition: report
July 20, 2023

Gwyneth Paltrow-backed marijuana brand smokes its California competition: report

The Gwyneth Paltrow-backed cannabis-infused drink Cann is reportedly the highest-earning recreational celebrity marijuana brand in California.

Positive marijuana tests following workplace accidents highest in 25 years
May 22, 2023

Positive marijuana tests following workplace accidents highest in 25 years

2022 marked the year that drug tests administered following workplace accidents showing positive results for marijuana reached the highest level in 25 years: Quest Diagnostics.

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