Cannabis stocks jumped on Monday, a day after President Donald Trump posted a video on his Truth Social site that highlighted the endocannabinoid system and the potential benefits of cannabidiol (CBD) for senior healthcare.
The signal of apparent White House support for medical cannabis prompted a fresh round of speculation about the president’s plans for marijuana rescheduling as well as a stock rally.
ADVERTISEMENT
U.S.-listed shares of Canopy Growth and Tilray Brands soared nearly 20% in premarket trading, while Cronos Group rose 9.5% and Aurora Cannabis climbed 13.7%, according to Reuters.
The AdvisorShares Pure U.S. Cannabis exchange-traded fund skyrocketed 25.2%, positioning for a record-braking quarterly gain of about 70%.
Donald Trump posts pro-medical marijuana video on Truth Social
The video touts the benefits of
Read full article on Marijuana Business Daily
