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.

Trump is reportedly considering easy some restrictions on cannabis, and investors are piling into the sector on Friday.

Few investors have more notoriety than Bill Ackman and Michael Burry, the latter portrayed in "The Big Short."

Marijuana stocks Tilray Brands and Canopy Growth surged Friday following reports that President Donald Trump would loosen federal restrictions on marijuana.

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.

On April 2, the president unveiled his touted tariff and trade policy. It featured a sweeping 10% global tariff, along with higher "reciprocal tariffs" on dozens of countries that were deemed to have adverse trade imbalances with America.

Cannabis stocks surged Friday following reports President Donald Trump could soon reclassify marijuana as a less dangerous substance.