Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Trump's CBD Medicare signal sparks 36% boost in cannabis stocks — but should investors hold or brace for policy risks? [Yahoo! Finance]

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Yahoo! Finance
Cannabis investors recently saw a jolt of optimism after President Donald Trump signaled support for covering CBD oil under Medicare. With the news, stock prices soared. A few of the companies that saw their stock prices soar up to 36% after the news include Green Thumb Industries, Curaleaf Holdings, Innovative Industrial Properties, Tilray Brands and Canopy Growth. (1) All of this growth came after The Commonwealth Project released a video touting the benefits of CBD oil for seniors. Subsequently, Trump shared this video on Truth Social, a signal of support. (2) But somewhat uncharacteristically, he didn't add any commentary in his post; he simply shared the video. Back in August, Trump shared that he was considering reclassifying marijuana as a less dangerous substance. (1) But, so far, nothing official has moved forward that would reclassify marijuana and potentially open the door to more prevalent use in the medical industry. Must Read Thanks to Jeff Bezos, you can now Show less Read more
Impact Snapshot
Event Time:
IIPR
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for
IIPR alerts

from News Quantified
Opt-in for
IIPR alerts

from News Quantified