Cannabis stocks soar after Trump shares video promoting drug’s use for seniors

Here is a summary of the news article in 150-200 words: Former President Donald Trump has shared a video on his Truth Social platform that promotes the use of CBD (cannabidiol) products for seniors. The video touts CBD as a "gamechanger" for pain and stress relief, and suggests that Medicaid should cover these products. The video's release has led to a surge in cannabis stocks, as investors react to the potential impact of increased CBD adoption and government support. The article notes that the nearly three-minute-long video presents CBD as a beneficial alternative for seniors, without providing any specific scientific or medical evidence to support these claims. The article does not take a stance on the validity of the video's claims, but rather focuses on the market reaction and the former president's involvement in promoting the use of CBD products. The article suggests that this development could have significant implications for the cannabis industry, as the potential for Medicaid coverage and increased senior adoption of CBD products could drive further growth and investment in the sector.
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