Cannabis stocks are having an interesting week, thanks to President Donald Trump’s renewed interest in making cannabidiol (CBD) available to seniors via Medicare. The president posted a video Sunday on his Truth Social feed that promoted the health benefits of hemp-derived CBD, saying it can help seniors get more sleep, ease pain, and reduce stress.
Marijuana stocks jumped on the news, with Canopy Growth (CGC) rising 18%, Aurora Cannabis (ACB) increasing 25%, Cronos Group (CRON) moving 15% higher, and Tilray Brands (TLRY) skyrocketing 42%. While many of those names are giving back their gains in subsequent days, an out-of-the-way marijuana stock barely budged.
