Cannabis Stock Surges on Trump’s Surprise CBD Endorsement

Tilray shares experienced significant volatility this week following unexpected comments from Donald Trump advocating CBD use for senior health. The cannabis company’s stock skyrocketed 31.3% after the former president posted a video on his Truth Social platform promoting cannabidiol benefits.

In a nearly three-minute video presentation, Trump highlighted CBD’s potential advantages for elderly patients dealing with sleep disorders, stress management, and pain treatment. He described the compound as potentially “the most important senior health initiative of this century” and suggested possible future Medicare coverage for such treatments.

This political endorsement represents a potential turning point for federal cannabis policy. The video presentation indicated that full integration of cannabis into medical treatment protocols could generate approximately $64 billion in healthcare... Read more...