Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Is It Too Late to Buy Tilray Stock?

TheMotleyFool

0 0

Since the second quarter of 2021, cannabis stocks have seen challenging days without any progress on federal reforms.

Even the slightest hint toward legalization causes marijuana stocks to skyrocket. That is what happened on Oct. 6 when President Biden announced a pardon for federal marijuana possession convictions. He also proposed starting a review to remove cannabis from the Schedule 1 drug list. This announcement sparked hope that cannabis reforms could take a positive turn.

Canada-based cannabis firm Tilray Brands' (NASDAQ: TLRY) shares rose 31% on Oct. 6 but plummeted the next day after the company reported its first-quarter fiscal 2023 results. Let's see whether now is a good time to buy Tilray stock.

Source Fool.com

Like: 0

TLRY

Share