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Why Tilray Stock Surged 22.4% in May

TheMotleyFool

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Shares of Tilray (NASDAQ: TLRY) rose 22.4% in May, according to data from S&P Global Market Intelligence. The company began the month by giving a better-than-expected earnings report, as cannabis sales remained relatively unaffected by coronavirus during the first quarter.

Later in the month, all pot stocks got a boost as New York Gov. Andrew Cuomo said he intended to move cannabis legalization forward in New York state.

Image source: Getty Images.

Source Fool.com

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