This Week In Cannabis: Trump’s Reform Buzz Drives Stocks Up, RAW’s Secret Factory, Global Shifts And More
After months of sluggish performance, cannabis stocks finally caught a break. Federal reform chatter—this time involving Donald Trump—helped fuel a rally across the sector. But even with this uptick, analysts are urging caution.
Beyond the markets, the global cannabis map keeps evolving: Portugal has quietly become Europe’s biggest exporter, Spain banned HHC and Argentina passed a sweeping “anti-mafia” law raising concerns for patients and cannabis activists. Meanwhile, California cities slash taxes to save local stores and a cult rolling paper brand opened its factory doors to the public for the first time ever.
Let’s dive in.
Politics And Policy
Trump Reportedly Pushing For SAFE Banking Reform
The AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) closed the week up 9.7% after reports that Trump is privately encouraging lawmakers to pass banking reform ahead of the 2026 midterms. Analysts say the rally is likely technical unless public support follows.
Read more on Benzinga
Argentina’s New Anti-Mafia Law Raises Civil Rights Concerns
Passed last month, Argentina’s new law allows authorities to detain suspects, seize property and wiretap phones without judicial approval in designated zones. Experts fear the law could be used to target medical cannabis users and community organizations.
Read more on El Planteo
Hungary Ramps Up Drug War Ahead of Elections
Hungary is pushing a constitutional amendment to criminalize drug use and give law enforcement broader powers. Critics say the government is using prohibitionist rhetoric to boost voter support.
Read more on El Planteo
Spain Bans HHC And Other Semi-Synthetic Cannabinoids
Spain added HHC and several related compounds to its list of controlled substances, effectively banning their sale and distribution nationwide.
Read more on El Planteo
Portugal Nearly Triples Cannabis Exports
Portugal exported 32,558 kilos of cannabis in 2024, a 172% increase over the prior year. It now ranks as the largest cannabis exporter in Europe and second globally behind …