Overview

• President Trump shared a Commonwealth Project video urging Medicare coverage for hemp-derived CBD and promoting its benefits for older adults.
• Shares of Tilray, Canopy Growth, Cronos and Aurora rallied sharply, and the AdvisorShares MSOS cannabis ETF climbed roughly 20% to 25%.
• Trump has said since August that his administration is considering moving marijuana to Schedule III, but no decision has been issued.
• The video touts health and economic claims, including a $64 billion annual savings figure, while the FDA has approved only one CBD drug, Epidiolex, for specific seizure disorders.
• The push comes as some lawmakers seek stricter hemp rules, and industry advocates emphasize that rescheduling could lift Section 280E tax limits and improve access to banking and U.S. exchanges.