Wall Street Breakfast Weed stocks light up
Sep 30, 2025
Cannabis stocks are on the rise, thanks to Trump's recent endorsement of CBD for senior healthcare. YouTube has agreed to pay $24.5 million in settlement over Trump's channel suspension, raising eyebrows. Meanwhile, McDonald's is reviving its popular Monopoly game, using it to boost customer loyalty. Other highlights include significant movements in the stock market, OpenAI's impressive revenue growth, and automakers attempting to extend tax credits for electric vehicles. It's a busy day in the world of finance!
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Cannabis Rally Follows Presidential Endorsement
- President Trump's endorsement on Truth Social spurred a sharp, broad rally in U.S. and Canadian cannabis stocks and ETFs the next trading day.
- The video framed CBD as a potential cost-saving alternative for senior healthcare, linking policy commentary to market moves.
Big, Rapid Gains Across Cannabis Names
- Major cannabis names and sector ETFs posted double-digit gains, with Tilray up 60% and MSOS rising 28% in one session.
- The move shows how single high-profile endorsements can rapidly amplify investor interest in regulated industries.
Video Framed CBD As Medical And Economic Solution
- The Trump-posted video promoted CBD benefits like pain relief and potential Alzheimer's support, tying medical claims to economic savings.
- The segment claimed full integration of cannabis into healthcare could save about $64 billion annually, amplifying the policy argument.