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Why Tilray Stock Soared This Week

TheMotleyFool

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Shares of Tilray Brands (NASDAQ: TLRY) surged 65% this past week, according to data provided by S&P Global Market Intelligence. Investors are hopeful that the Trump administration will move to lessen costly regulations on the beleaguered cannabis industry.

Image source: Getty Images.

President Donald Trump is reportedly contemplating a reclassification of marijuana from a Schedule I drug to a Schedule III drug, according to The Washington Post. A decision could come as soon as Monday, Dec. 15.

Source Fool.com

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