Tilray Jumps 50% in Cannabis Rally After Trump Posts CBD Video

Shares of cannabis stocks rallied Monday after President Donald Trump shared a video promoting putting cannabidiol, or CBD, under Medicare coverage.

“Older adults are suffering needlessly,” said the narrator of the nearly three-minute video, produced by The Commonwealth Project, an initiative pushing to make medical cannabis — including CBD — accessible to seniors. “Hemp-derived CBD can make them feel better, live longer and improve their quality of life significantly.”