Shares of some cannabis firms fell between 3% and 12% at Thursday's close, erasing previous gains from the session, after U.S. President Donald Trump signed an executive order recommending the loosening of federal regulations on marijuana.

Cannabis stocks slid as Trump prepares to sign an executive order to reclassify marijuana as less dangerous. Read more here.

Trump is reportedly considering easy some restrictions on cannabis, and investors are piling into the sector on Friday.

The merged entity will start building the “world’s first utility-scale fusion power plant” next year, the companies claimed.

Likewise, World Liberty Financial, a firm Trump and Steve Witkoff co-founded last year along with their sons, started trading a new token in September. It rose to 25 cents in late September but has yet to take off and on Friday fell to 14 cents.

Tilray's premarket rocket — up nearly 30% — wasn't just policy spillover. The company's Amped Live Resin Diamond Sauce vape has quietly become the first major cannabis SKU to generate more incremental revenue than Tilray made selling flower across an entire Canadian province.

Marijuana stocks spun higher in market trade Friday, rallying on reports President Donald Trump aims to loosen federal restrictions on marijuana. Plans call for cutting oversight of marijuana products to the same level as some ordinary prescription painkillers.