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Benzinga

Business

Madison Troyer

'We Could Be Looking At A True Inflection Point For Cannabis,' Optimism Surges Among Investors Thanks To The 'Trump Effect'

Donald Trump CNBC Medicare

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There have been some signals over the last several months that President Donald Trump may be considering a more permissive stance on cannabis. This potential for change at the federal level, dubbed "the Trump effect," has produced new levels of optimism among cannabis investors, CNBC reports.

There are two major developments that have cannabis investors feeling hopeful about the industry. The first is Trump's openness to including coverage of CBD by Medicare. The second is the growing support in Congress for stricter hemp regulations.

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