Trump Endorsement of CBD Sparks Surge in Cannabis Stocks

On Sunday, September 28, 2025, President Donald Trump posted a video on social media endorsing cannabidiol (CBD) as a potential breakthrough in senior healthcare. He suggested that CBD could reduce disease progression and serve as an alternative to prescription medications. This endorsement, coupled with his administration’s earlier stance in August to reclassify marijuana, has sent cannabis stocks soaring. Major companies like Tilray Brands (TLRY), Canopy Growth Corporation (CGC), Cronos Group Inc (CRON), and Aurora Cannabis Inc (ACB) saw significant gains in premarket trading on Monday, September 29, 2025. The AdvisorShares Pure U.S. Cannabis ETF (MSOS) also jumped 20.6%, putting it on course for a record quarterly gain of about 70%.