Why Tilray Stock Soared 27.5% Today

Shares of Tilray Brands (NASDAQ: TLRY) soared today, finishing up 27.5%. The jump came as the S&P 500 lost 0.3% and the Nasdaq Composite gained 0.2%.The cannabis company's stock is rising after President Donald Trump confirmed that his administration is looking into reclassifying marijuana -- a move that could be a game changer for the cannabis industry.On Monday, Trump confirmed from the Oval Office that he is considering reclassifying cannabis and cannabis-related products as Schedule III controlled substances, saying, "a lot of people want to see it." Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool