Trump to sign executive order Monday reclassifying marijuana from Schedule I to Schedule III; move enables new tax rules, banking access for cannabis companies, lifts pot stocks Friday.

Trump expected to sign executive order to reclassify marijuana as soon as Monday, source tells CNBC; pot stocks surge

File: Hundreds of advocates for marijuana legalization rally and smoke pot outside the White House in Washington, D.C. on April 02, 2016. Marvin Joseph | The Washington Post | Getty ImagesStock Chart IconStock chart iconTilray Brands, 1-dayPresident Donald Trump is expected to issue an executive order as soon as Monday that would allow for reclassification of weed, a source familiar with the matter told CNBC. Such a move would allow cannabis companies to fall under different tax regulations and ...