Trump, Cannabis and Pot stocks
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The merged entity will start building the “world’s first utility-scale fusion power plant” next year, the companies claimed.
Likewise, World Liberty Financial, a firm Trump and Steve Witkoff co-founded last year along with their sons, started trading a new token in September. It rose to 25 cents in late September but has yet to take off and on Friday fell to 14 cents.
Tilray's premarket rocket — up nearly 30% — wasn't just policy spillover. The company's Amped Live Resin Diamond Sauce vape has quietly become the first major cannabis SKU to generate more incremental revenue than Tilray made selling flower across an entire Canadian province.
Investor's Business Daily on MSN
Marijuana stocks fall after latest Donald Trump-fueled rally
Marijuana stocks spun higher in market trade Friday, rallying on reports President Donald Trump aims to loosen federal restrictions on marijuana. Plans call for cutting oversight of marijuana products to the same level as some ordinary prescription painkillers.
An upcoming US Supreme Court ruling on the legality of the sweeping tariffs that President Donald Trump rolled out in April — briefly sending markets worldwide into a tailspin — could be the next test for stocks that have been flying high.
Such a decision would represent one of the most significant federal changes to marijuana policy in decades. It could reshape the cannabis industry, ease criminal penalties, unlock billions in research funding and lead to the opening of doors long closed to banks and investors.
Investor's Business Daily on MSN
Stock market today: Dow dips as Trump edges closer to this Fed pick; Tesla jumps (live coverage)
The Dow Jones index rose Monday. Tesla neared a buy point while President Trump edged closer to a Fed chair pick.