International
Trump promotes video defending CBD for seniors and the stock market reacts
Donald Trump posted an uninscribed video on his Truth Social network explaining how the endocannabinoid system works and advocating for the inclusion of cannabidiol (CBD) in healthcare for people over 65. The sector has received a positive reaction in financial markets, and reclassification appears to be imminent.
The President of the United States of America surprised everyone. While we await the reevaluation of the category under which cannabis will be classified, Donald Trump shared, in a textless video post, a video introducing CBD, the endocannabinoid system, and its potential for relieving pain, stress, and improving sleep in the elderly. The video also revisits Trump's role in the 2018 Farm Bill, explaining that it was this legislation that legalized industrial hemp in the US.
The reaction in the markets was immediate: shares in the sector soared upon opening. According to Reuters, Tilray and Canopy Growth rose about 20%, while Cronos and Aurora advanced more than 13%; Bloomberg reported widespread gains after the video was published.
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[Disclaimer: Please note that this text was originally written in Portuguese and is translated into English and other languages using an automatic translator. Some words may differ from the original and typos or errors may occur in other languages.]____________________________________________________________________________________________________
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I am one of the directors of CannaReporter, which I founded together with Laura Ramos. I am from the unique Island of Madeira, where I currently reside. While I was in Lisbon at FCUL studying Physical Engineering, I became involved in the national hemp and cannabis scene and participated in several associations, some of which I am still a member of. I follow the global industry and especially legislative advances regarding the different uses of cannabis.
I can be contacted by email at joao.costa@cannareporter.eu
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