Cannabis stocks soar after US president says he is ‘looking at’ reclassification.

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United States President Donald Trump has said his administration is “looking at” reclassifying cannabis as a less dangerous drug.

Speaking to reporters at the White House on Monday, Trump said he would make a determination on the legal classification of the drug over the next few weeks.

“That determination hopefully will be the right one,” Trump said. “It’s a very complicated subject.”