Trump's Potential Cannabis Order Boosts Stock

Cannabis stocks surge on Trumps potential executive order, aiming to ease federal regulations and reclassify cannabis as a less dangerous substance. This could bring benefits like lower taxes, faster research, and easier access to money for development. Shares of Tilray, SNDL, and Canopy Growth saw gains, with the AdvisorShares Pure US Cannabis ETF increasing by six-and-a-half percent. Trump is also considering a Medicare pilot program for CBD, potentially attracting more investments to the industry.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.