Trump's CBD endorsement boosted cannabis stocks amid potential marijuana reclassification talks.

Cannabis stocks surged on Monday, September 27, 2025, after former President Donald Trump shared a video on Truth Social promoting hemp-derived CBD for seniors, highlighting potential benefits for pain, sleep, stress, and age-related conditions. The video, produced by the Commonwealth Project, emphasized CBD’s role in supporting the endocannabinoid system and called for Medicare coverage and greater medical education. In response, major cannabis companies saw sharp gains, with Charlotte’s Web up 78%, Tilray Brands rising 39%, and others following suit. The market reaction coincided with reports that Trump’s administration is reviewing the possibility of reclassifying marijuana as a less dangerous substance, potentially easing federal restrictions and boosting investment in the medical cannabis sector.