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Trump Endorses CBD for Seniors, Sparks Cannabis Stock Surge

9/29/2025

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Summary

Story summary

President Donald J. Trump endorsed CBD for senior healthcare on Truth Social, saying it could revolutionize treatment options.
The endorsement coincided with gains for Canopy Growth and Tilray up nearly 20% and AdvisorShares Pure U.S. Cannabis ETF up 25.2%.
Trump floated reclassifying marijuana from Schedule I to Schedule III, potentially easing federal tax burdens as nearly 40 states legalized.

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Story summary

President Donald J. Trump endorsed CBD for senior healthcare on Truth Social, saying it could revolutionize treatment options.
The endorsement coincided with gains for Canopy Growth and Tilray up nearly 20% and AdvisorShares Pure U.S. Cannabis ETF up 25.2%.
Trump floated reclassifying marijuana from Schedule I to Schedule III, potentially easing federal tax burdens as nearly 40 states legalized.