Green Thumb Industries Stock Volatility Follows Trump-Linked Cannabis Speculation
Green Thumb Industries (GTBIF) shares surged 15% on Monday after a Truth Social post by former President TRUMP amplified speculation about federal support for medical marijuana. The video from The Commonwealth Project advocated Medicare coverage for cannabis treatments, positioning it as an alternative to traditional pharmaceuticals.
Early Tuesday trading saw an additional 5% spike following the company's announcement of a new Pennsylvania dispensary opening. However, gains pared to 1% by mid-morning as traders took profits on the 20% two-day rally. Market participants appear divided on whether the political momentum justifies sustained upside.