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Why Tilray Brands Stock Exploded Today

TheMotleyFool

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Why Tilray Brands Stock Exploded Today: https://g.foolcdn.com/editorial/images/835494/marijuana-flower-next-to-a-pile-of-edible-gummy-bears.jpg

Tilray Brands (NASDAQ: TLRY) stock, the Canadian cannabis company, soared 40% through 10:25 a.m. ET Monday morning -- and you can thank President Trump for that.

Over the weekend, the president posted a near-three-minute-long video on Truth Social, promising that CBD oil "can revolutionize senior healthcare" and lower annual medical costs in America by $64 billion. Investors are taking this as evidence that legislation could be in the works to legalize marijuana, and even be promoted as a favored medical treatment by doctors.

Image source: Getty Images.

Source Fool.com

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