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Why Cannabis Stocks Could Skyrocket Like AI
Of all the sectors benefiting from political momentum, cannabis stocks may not have been the first to come to mind. Yet, much like the cryptocurrency and semiconductor markets, cannabis stocks are suddenly seeing a surge after an unexpected boost from former President Donald Trump.
On Sunday, Trump shared a promotional video from the Commonwealth Project on Truth Social. The video highlights the use of hemp-derived CBD to improve seniors' health and quality of life, with calls for Medicare to cover cannabis-based treatments. This move sent shockwaves through the financial world, as investors immediately turned their attention toward cannabis stocks.
Cannabis Stocks React to Trump's Post
Within hours of Trump's post, some of the largest cannabis stocks experienced sharp gains. Tilray Brands (TLRY) surged by 60.9%, Cronos Group (CRON) jumped 12.9%, and Canopy Growth Corp. (CGC) climbed 17.2%. Analysts say these movements show just how sensitive cannabis stocks are to political news, particularly when it comes from high-profile figures like Trump.
The video even cited a PricewaterhouseCooper study, estimating that the U.S. could save $64 billion annually if cannabis were fully integrated into the healthcare system. For investors, this strengthened the argument that cannabis stocks represent not just a speculative opportunity, but also a long-term growth sector tied to healthcare reform.
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