Cannabis stocks surge after Trump endorses cannabidiol for senior healthcare
WIBC 9AM-Noon Podcast
WIBC
4.6 • 1.2K Ratings
🗓️ 30 September 2025
⏱️ 6 minutes
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| 0:29.7 | Okay, so on Sunday on Truth Social, Donald Trump posted that video, |
| 0:35.1 | and it seemed like he was endorsing CBD, hemp derived cannabis as a game changer for senior health care. |
| 0:41.8 | And the video is actually advocating for Medicare coverage of CBD products to treat pain and stress in older Americans. |
| 0:49.9 | And since then, cannabis stocks are spiking. |
| 0:54.8 | A lot of people are thinking, oh, this is it. |
| 0:56.9 | Got to invest now. |
| 0:58.3 | Okay, so help me make some sense of this. |
| 1:01.9 | Okay. |
| 1:02.6 | We have a product that by our federal government standard is illegal. |
| 1:11.0 | People are making money off of it. |
| 1:16.5 | And not only doing that, but they're buying and selling stocks related to it. |
| 1:21.9 | And our federal government is just like, sure, why not? |
| 1:25.8 | They're not acting one way or another. |
| 1:27.0 | They're not like, you know what, |
| 1:27.7 | this is utterly ridiculous. People, we're okay with that people are doing it. Let's make it |
| 1:31.3 | illegal so that people can become above ground and bank and do all these other things that would |
| 1:36.8 | make a more productive industry, help our economy. They don't do that, but then they don't |
| 1:43.1 | enforce their own law. So they just |
| 1:44.8 | create mass chaos in terms of this thing that, no, this is such a 1980s way. What is Nancy, |
| 1:52.4 | are they going to do AI Nancy Reagan for the next dare video? Like, what are we doing? What are we |
... |
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