On the morning of the 30th, domestic marijuana (cannabis) related stocks are strong. Buying appears to have surged after U.S. President Donald Trump shared on social media (SNS) a video saying marijuana-related components should be covered by U.S. Medicare.
As of 9:19 a.m. on the 30th, Wooree Bio is trading at 2,385 won on the Kosdaq market, up 115 won (5.07%) from the previous session. Wooree Bio cultivates medical cannabis and researches cannabis components.
At the same time, stocks classified as cannabis related, such as Ameridge (23.82%), ICURE (11.91%), and Osung Advanced Material (5.53%), are also rising in tandem.
Earlier, on the 28th, President Trump posted on Truth Social a video to the effect that cannabidiol (CBD), a component extracted from cannabis, should be included in U.S. Medicare coverage.
The video was produced by The Commonwealth Project, a group advocating the use of medical cannabis for older adults, and introduced CBD as having benefits such as reducing pain and stress for those struggling with age-related diseases.
Subsequently, on the New York stock market, shares of cannabis-related companies such as Canopy Growth (17.16%) and Tilray Brands (60.87%) surged.