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Trump Reposts Video Urging Medicare Coverage for CBD, Cannabis Stocks Jump

Investors bet on federal shifts despite no formal rescheduling or Medicare policy.

Overview

  • The president shared a Commonwealth Project video on Truth Social that brands Medicare coverage for hemp-derived CBD as the “most important senior health initiative of the century.”
  • Cannabis shares rallied, with Tilray up more than 30%, Canopy Growth around 20%, Cronos and Aurora about 13%, and the MSOS ETF gaining roughly 20% to 25%.
  • The clip promotes claims that CBD can ease pain and stress, slow disease progression, and deliver about $64 billion in annual healthcare savings if integrated into the system.
  • Trump’s post follows his August remark that his administration is considering reclassifying marijuana, yet no federal rescheduling or Medicare action has been announced.
  • The push comes as Congress debates tighter hemp rules and as FDA oversight remains limited, with Epidiolex the only approved CBD medicine for specific seizure disorders.