Cannabis stocks soared after President Donald Trump shared a video that promoted the health benefits of CBD (cannabidiol) for seniors. The video suggested Medicare coverage for the substance and said it could revolutionize senior healthcare.
The market saw this as Trump condoning CBDs and, perhaps, even cannabis. Federal-level legalization of cannabis has been quite popular among both Republicans and Democrats, and it wouldn't be a bad decision for the president to throw his weight behind getting legalization across the finish line before the midterms.
