Cannabis Stocks Jump After President Trump's Pro-CBD Comments
Sep 29, 2025
Cannabis company stocks surged by around 20% on Monday after U.S. President Donald Trump posted on social media about the potential health benefits of cannabidiol (CBD) for senior citizens. In his message, President Trump suggested that CBD could help seniors and proposed that Medicare should consider covering CBD products.
Major cannabis companies saw their stock prices rise sharply following the post. Tilray Brands' shares climbed nearly 20%, with even larger gains briefly during the morning. Other companies like Canopy Growth and Cronos Group also experienced double-digit increases.
Although cannabis has become legal for medical use in 40 states and for recreational use in 24 states, federal restrictions continue to limit the industry’s growth. The President’s comments renewed investor hopes that federal policy could become more supportive of cannabis and CBD products in the future.
Why did cannabis stocks go up today?
Stocks rose after President Trump posted on social media about the benefits of CBD for seniors and suggested Medicare should cover CBD products.
What is CBD?
CBD, or cannabidiol, is a non-psychoactive compound found in cannabis that some people use for health-related reasons.
Does this mean the U.S. federal government is legalizing cannabis?
No, there has not been any change to federal law. The stock surge happened because of the President’s comments, not a policy change.
Which companies benefited the most from this news?
Tilray Brands, Canopy Growth, and Cronos Group were some of the biggest gainers.
Sources
Cannabis Stocks Are Roaring 20% Higher This Morning. Here's Why
24/7 Wall Street
24/7 Wall Street
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.
US cannabis stocks soar 20% after Trump endorses CBD's benefits for seniors
Invezz
Invezz
Following a social media post by US President Donald Trump over the weekend, which suggested potential health benefits from cannabidiol use, shares of cannabis companies rose in early premarket trading on Monday, according to a Reuters report.
Cannabis stocks surge after Trump endorses cannabidiol for senior healthcare
Reuters
Reuters
Shares of pot companies advanced in early premarket trading on Monday following a social media post by U.S. President Donald Trump over the weekend that suggested potential health benefits from the use of cannabidiol.
President Trump Lights Up Cannabis Stocks With Pro-CBD Truth Social Post
Benzinga
Benzinga
President Donald Trump posted a video on Truth Social on Sunday, promoting the potential health benefits of cannabis. Cannabis stocks lit up on Monday after Trump resurrected hopes for a change in federal drug policy.
Cannabis stocks surge after Trump posts video touting Medicare coverage for CBD
New York Post
New York Post
Tilray Brands surged nearly 20% and was up 36% after market open, while Canopy Growth jumped about 20% and Cronos Group rose 13%.
Cannabis stocks buzzing on social media post from President Trump
CNBC Television
CNBC Television
CNBC's Brandon Gomez joins 'Squawk on the Street' to discuss what's behind the jump in cannabis stocks.
Why is Aurora Cannabis stock soaring today and will it last?
Invezz
Invezz
Aurora Cannabis Inc (NASDAQ: ACB) rallied more than 25% this morning after President Trump endorsed cannabidiol (CBD) as potential breakthrough in senior healthcare. In a social media post over the weekend, the US President said CBD could “revolutionise senior healthcare” and hinted at reclassifying...
Cannabis stocks soar after Trump shares video promoting drug's use for seniors
The Guardian
The Guardian
Video posted on Truth Social touts CBD as a ‘gamechanger' and promotes Medicaid coverage of CBD products
Cannabis stocks move higher after Trump boasts CBD health benefits
CNBC Television
CNBC Television
Cannabis stocks got a pop on Monday after President Trump shared a video highlighting potential health benefits of CBD, reigniting speculation that his administration could reclassify the drug, CNBC's Brandon Gomez reports.
OrganiGram (OGI) Joins Cannabis Stock Rally After Trump Signals Policy Shift
Benzinga
Benzinga
Organigram Global Inc (NASDAQ: OGI) shares are trading sharply higher Monday afternoon, joining a rally across the cannabis sector.
Is Tilray Brands Stock a Buy?
The Motley Fool
The Motley Fool
Every cannabis rally starts the same way: A politician floats reform, stocks rip 15% to 20% in hours, and retail chases the "next green rush." Tilray Brands (TLRY 60.44%) just lived the script again, jumping about 35% on Sept.
Trump boost sends cannabis stocks soaring
Proactive Investors
Proactive Investors
Cannabis stocks lit up Wall Street after Donald Trump backed a push to bring CBD under Medicare. The former president reposted a three-minute video from The Commonwealth Project, a campaign arguing that older Americans should have access to hemp-derived cannabidiol.
Best Canadian Cannabis Stocks to Watch for Growth and Opportunity
The U.S. cannabis industry has expanded rapidly, now generating over $33 billion in annual sales. Analysts project the market could exceed $56 billion by 2030. These figures highlight the growing opportunities for Canadian cannabis companies to target U.S. partnerships and eventual federal legalizat...
Why Tilray Brands Soared Monday and Pulled Back Some on Tuesday
The Motley Fool
The Motley Fool
Shares of Tilray Brands (TLRY -4.87%) declined as much as 12.4% on Tuesday, but were down about 9% as of 10:30 a.m. ET. The pullback comes a day after a dramatic rally in cannabis names sparked by a video posted by President Donald Trump that touted cannabidiol's (CBD) benefits for seniors, and floa...
Cronos Group Inc
Pharmaceuticals
Price
Intrinsic Value
3.46
Tilray Brands Inc
Pharmaceuticals
Price
Intrinsic Value
7.35
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