Why Marijuana Stocks Like Tilray and Hexo Were on Fire Today
A clutch of marijuana stocks rose at double-digit rates on Tuesday on the back of a very promising development in the political sphere. Tilray (NASDAQ: TLRY), Aphria (NASDAQ: APHA), Hexo (NYSE: HEXO), and cannabidiol (CBD) specialist Charlotte's Web Holdings (OTC: CWBHF) shot higher by a respective 23%, 18%, 14%, and 10%.
Late on Monday, three influential Democratic senators -- namely, current majority leader Chuck Schumer of New York, Cory Booker from New Jersey, and Ron Wyden of Oregon -- promised to at least introduce a marijuana reform measure (or measures) to their chamber in the "early part" of this year.
Image source: Getty Images.
Source Fool.com
