Aurora Cannabis Soars 10.49% on Trump's Potential Cannabis Reclassification

Aurora Cannabis surged 10.49% in pre-market trading on August 11, 2025, driven by speculation surrounding potential regulatory changes in the cannabis industry.

U.S. President Donald Trump is reportedly considering reclassifying marijuana to a less dangerous status, which could significantly impact the cannabis industry. This move would ease restrictions on the drug, making it easier to buy and sell, and potentially allowing for tax breaks and expanded medical research.

Trump's consideration of reclassifying marijuana to Schedule III has sparked optimism among cannabis firms, including Aurora Cannabis. The potential regulatory shift has led to increased lobbying efforts by cannabis companies, aiming to ease restrictions and enable tax benefits. This development has contributed to a positive sentiment among retail investors, who are closely monitoring the potential impact on Aurora Cannabis' stock price.