Why Tilray Stock Leaped 8% Higher on Tuesday
The slow-walk process that is potential de facto marijuana legalization in this country seemed to take a little step forward on Tuesday. This positively affected certain cannabis stocks based in both the U.S. and Canada, notably Tilray Brands (NASDAQ: TLRY), which rose more than 8% in price that day.
Industry news site MarijuanaMoment.com reported that it had conducted a series of interviews with Republican senators last week. Somewhat unexpectedly for members of a party that has traditionally been more resistant to pot law reform, several of them said that essentially decriminalizing the drug would be a positive move.
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Source Fool.com
