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MarketBeat
MarketBeat
Jeffrey Neal Johnson

The 2026 Cannabis Wildcard: How Tax Reform Could Reset Stock Valuations

Tilray Canopy Nasdaq United States Canopy Growth Corporation Canopy USA MarketBeat Tilray Brands

As the trading year 2025 draws to a close, the cannabis sector presents a confusing picture for the average investor.

On Dec. 18, 2025, President Trump signed a pivotal Executive Order directing the Attorney General to expedite the rescheduling of cannabis. By all traditional metrics, this political victory should have sparked a sustained rally. Instead, the market responded with a sharp sell-the-news correction.

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