Here we go again.. people with little or no interest in cannabis generate short term profits and media slavishly report the proft taking.
Even the Guardian and the FT want to join the pointless party.
Anthony Traurig, Legal Consultant on Global Cannabis Regulation, posted correct response on Linked In
The Guardian
Cannabis stocks soar after Trump shares video promoting drug’s use for seniors
Video posted on Truth Social touts CBD as a ‘gamechanger’ and promotes Medicaid coverage of CBD products
Cannabis stocks are on a high after Donald Trump shared a video on Sunday promoting cannabis use for seniors and Medicaid coverage of CBD products.
The nearly three-minute-long video, posted on the president’s Truth Social platform, touts the usage of hemp-derived CBD as a “gamechanger” that is a pain and stress reliever for seniors.
Stocks for cannabis companies, including Canopy Growth, Tilray and Cronos Group jumped Monday when stocks opened for the week. MSOS, an AdvisorShares Cannabis exchange-traded fund (ETF), also soared on Monday, after Trump posted the video.
The video was produced by the Commonwealth Project, a group promoting cannabis use for senior healthcare, and praised Trump for his 2018 farm bill that legalized industrial hemp.
“Now it’s time to educate doctors … provide Medicare coverage for CBD and give millions of seniors the support they deserve,” the video said.
The cannabis industry has long hoped the White House would take further steps to decriminalize cannabis at a federal level.
Read more
https://www.theguardian.com/society/2025/sep/29/cannabis-stocks-trump-cbd-medicaid
FT
Cannabis stocks surge after Donald Trump highlights senior healthcare benefits
https://www.ft.com/content/d56613a7-ddf7-4375-902a-398924b85a74
