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Cannabis stocks surge after Trump endorses cannabidiol for senior healthcare

President Trump’s endorsement of CBD for seniors lifted cannabis stocks up to 25%, signaling possible federal rescheduling and easing of industry tax and banking restrictions.

  • On Sunday, President Donald Trump posted a near-three-minute video on Truth Social promoting hemp-derived CBD and urging Medicare coverage for seniors, sparking jumps in U.S. cannabis stocks and ETFs Monday.
  • A nearly three-minute clip produced by The Commonwealth Project targets the 65-plus population, calling for Medicare to cover marijuana and citing $64 billion in annual health-care savings.
  • The AdvisorShares Pure U.S. Cannabis ETF surged about 20.6% in premarket trading and is set for its biggest quarterly gain around 70%, while Tilray Brands spiked up to 40% and Canopy Growth, Cronos Group, and Aurora Cannabis posted double-digit gains.
  • Reclassification, however, hinges on Drug Enforcement Administration action plus court fights and U.S. Congress buy-in, meaning change could take months rather than weeks despite Section 280E tax relief for cannabis companies.
  • Amid congressional debate over hemp rules, about 20 percent of seniors already use CBD while GOP lawmakers push stricter limits despite strong public support to end federal prohibition.
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Cannabis stocks surge after Trump endorses cannabidiol for senior healthcare

Shares of pot companies rose on Monday after U.S. President Donald Trump advocated the potential benefits from the use of cannabidiol in senior healthcare in a social media post.

·United Kingdom
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The Marijuana Herald broke the news in on Sunday, September 28, 2025.
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