US EditionCannabis Stocks Are Roaring 20% Higher This Morning. Here’s Why
Trump calls Medicare coverage for hemp-derived CBD products a key senior health initiative as cannabis rescheduling could save the US healthcare system $64 billion annually.
- On Sunday, President Donald Trump shared a nearly three-minute video from The Commonwealth Project promoting Medicare coverage for hemp-derived CBD, and cannabis stocks jumped on Monday after he reposted it.
- Last month, President Donald Trump said his administration was looking to reclassify marijuana, which could remove the Section 280E tax burden but requires Drug Enforcement Administration finalization.
- The nearly three-minute video produced by The Commonwealth Project calls for Medicare to cover CBD as the `most important senior health initiative of the century` and features Fox News claiming nearly $64 billion in annual savings if cannabis is integrated.
- Monday's market reaction showed AdvisorShares Pure U.S. Cannabis ETF surged about 25.2%, with Canopy Growth, Tilray Brands, and Cronos Group rising 10% to 36%.
- Congress faces debate over tighter hemp rules as U.S. medical cannabis sales hit $10 billion in 2024, while some GOP lawmakers push THC bans that experts say threaten CBD production.
11 Articles
11 Articles
Cannabis Stocks Are Roaring 20% Higher This Morning. Here’s Why
Key Points Cannabis stocks once soared to billion-dollar valuations, but now trade at penny stock levels after the hype faded. 40 U.S. states allow medical marijuana, 24 permit recreational use, yet federal barriers still stifle growth. Cannabis stocks are surging in premarket trading today — up as much as 20% — on renewed investor hope for rescheduling. It sounds nuts, but SoFi is giving new active invest users up to $1k in stock, see for y…
Donald Trump, 79, Touts CBD for Seniors as Health Battle Rages
President Donald Trump shared a video Sunday touting the medical benefits of cannabis for seniors. The video, which discusses “older adults” who “struggle with pain, inflammation, cognitive decline, and other ailments of aging,” is notable as the 79-year-old president himself has contended with a venous disease, a chronic bruise on his hand, and occasional mental gaffes. It also comes as Trump is reportedly considering reclassifying marijuana as…
Coverage Details
Bias Distribution
- 38% of the sources lean Left, 37% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
