Will the U.S. Election Help Give Tilray Brands and Canopy Growth a Year-End Boost?
Federal marijuana legalization isn't likely to happen anytime soon, regardless of who wins this year's presidential election. But it doesn't need to happen right away. Often, all it takes to move the needle for cannabis stocks -- and sometimes to turn them into scorching-hot gainers -- is for the market to start believing that eventual legalization may be inevitable.
Two stocks that often surge when there's talk of marijuana reform are Canopy Growth (NASDAQ: CGC) and Tilray Brands (NASDAQ: TLRY). They are among the most popular and recognizable pot stocks on the market, and they have a lot to gain should legalization take place.
Could their shares rally toward the end of the year?
Source Fool.com