Why Investors Were Fired Up About Tilray Stock Today
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Tilray Brands (TLRY) saw a 5% increase in stock price, outperforming the S&P 500's 0.4% rise, driven by external news rather than company developments. A study from researchers at the universities of Georgia and Colorado indicated that states with lenient cannabis laws experienced a significant 16% average reduction in opioid prescriptions, suggesting cannabis's potential medical benefits. This could bolster arguments for federal legalization, which is crucial for the growth of Tilray and the cannabis industry.
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